My comment: We have now official figures. It confirms our predictions (and not Western gurus predictions, as usual) that China´s economy bottomed around 6% growth in Q1 2009 and is now on recovery, in the third phase of the U.
About comments from premier Wen, "China's economy doing "better than expected" thanks to stimulus" (1) I rather say China's economy doing "better than expected" "by some". Figures attached. Main indicators are: China's GDP up 6.1% in first quarter (2), China's March CPI falls 1.2 percent (3) China's producer price index down 4.6 pct in Q1 (4) China's industrial output up 5.1 percent in Q1 (5). And more important, confidence indexes raise non- stop since late January. But, please, make celebrations short, we have to be ready for next phase of this crisis. Please, read my comments on thread "China in the crucial time of this crisis." http://groups.google.com/group/world-thread/browse_thread/thread/8b56abfd145f8990?hl=en# Peace and best wishes. Xi (1) Premier: China's economy doing "better than expected" thanks to stimulus http://news.xinhuanet.com/english/2009-04/16/content_11195618.htm (2) China's GDP up 6.1% in first quarter http://news.xinhuanet.com/english/2009-04/16/content_11193678.htm (3) China's March CPI falls 1.2 percent http://news.xinhuanet.com/english/2009-04/16/content_11193709.htm (4) China's producer price index down 4.6 pct in Q1 http://news.xinhuanet.com/english/2009-04/16/content_11193675.htm (5) China's industrial output up 5.1 percent in Q1 http://news.xinhuanet.com/english/2009-04/16/content_11193685.htm On Apr 9, 8:56 pm, xi <[email protected]> wrote: > My comment: As we predicted, most indicators tell that China´s economy > rebounded in February or early March. It just means that we are in > third phase of the U. We will see mixed indicators along a few months > before it clearly grows fast again. > > But now, we have to be ready for next phase, global hyperinflation. In > order to keep ammunition and not to overheat economy, maybe we should > not push growth in 2009 . Althought stimulous plan could make possible > to reach the government´s goal of 8%, I must say again that growth > between 6% and 7% is the natural growth. If we would not expect > hyperinflation we could force growth to 8%, but nowadays in my opinion > is better to fasten belts a little bit while waiting for next phase. > > Peace and best wishes. > > Xi > > This index is not what we monitor in this group, but more or less it > gives us an idea of the economic sentiment in China, that now we could > define as flat (around 100 in a scale of 0 to 200) being possitive > above 100. > > China sees smaller decline in business climate index in Q1, confidence > recovers (it includes key figures for > January-February).http://news.xinhuanet.com/english/2009-04/09/content_11155252.htm > > World Bank: China on recovery > pathhttp://news.xinhuanet.com/english/2009-04/08/content_11146477.htm --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~----------~----~----~----~------~----~------~--~---
