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China to be
world's top exporter by 2010
Friday, September 16 08:53:04 (BizWorld) The OECD predicts
that China's economy could overtake those of all but three of its 30 members in
size and topple the US as the world's biggest exporter in five years.
"Such an increase in output represents one of the most sustained and
rapid economic transformations seen in the world economy in the past 50
years," it said.
"Few OECD member governments have embarked on reforms that have restructured
or closed hundreds of state enterprises every month over a five-year period - a
development that is still continuing - or have ended lifetime employment
practices and, in the process, stimulated a nationwide reallocation of
resources," the report said.
The OECD said it believes China's official goal of increasing GDP four-fold
between 2000 and 2020, implying an average annual growth of just over 7pc, is
feasible.
It forecasts real GDP growth rates of nine pct for this year, noting it
should edge upwards to 9.2pc next year, with inflation steady at four pct across
2005-2006. The Mulindwas Communication Group
"With Yoweri Museveni, Uganda is in anarchy" Groupe de communication Mulindwas "avec Yoweri Museveni, l'Ouganda est dans l'anarchie" |
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