My comment: China's economy grew 6.1% year on year in the first quarter of this year and 7.9% in the second, now 8.9%. Obviously, growth is not the problem right now. But I cannot say that China s economy left this crisis behind, not yet. It passed to furth phase of this short term crisis, growth is sustainable and robust, but until exit strategy works we cannot say that we left crisis behind us.
In my opinion, the best news come from the inflation side. It is very low (in fact negative) but it i because year on year, commodities are cheaper in Q3. The huge difference between PPI (production prce index) and CPI (consumer price index) explain that price inflation is under control because raw materials are cheaper now than one year ago. Consumer price inflation would be above zero without it. In fact, the board point at inflation as the indicator to monitor hereinafter. Also, a very possitive aspect is that despite stimulous package, foreign reserves grew again. It allows to extend smimulous further if needed. China's recovery trend "consolidated": Cabinet meeting http://news.xinhuanet.com/english/2009-10/21/content_12290197.htm China's GDP growth accelerates to 8.9% in Q3 http://news.xinhuanet.com/english/2009-10/22/content_12295571.htm China's 2009 GDP growth revised up to 8.2% http://news.xinhuanet.com/english/2009-09/22/content_12095301.htm China's GDP grows 7.7% in first nine months http://news.xinhuanet.com/english/2009-10/22/content_12295697.htm China's forex reserve hits record $2.27 trillion http://news.xinhuanet.com/english/2009-10/14/content_12231456.htm China has no inflation problem but worries about inflation expectations: official http://news.xinhuanet.com/english/2009-10/22/content_12298725.htm China's CPI falls 1.1% in 1st nine months http://news.xinhuanet.com/english/2009-10/22/content_12295596.htm China's PPI down 6.5% http://news.xinhuanet.com/english/2009-10/22/content_12295654.htm China's industrial output up 12.4% in Q3 http://news.xinhuanet.com/english/2009-10/22/content_12295676.htm China's retail sales up 15.1% in first three quarters http://news.xinhuanet.com/english/2009-10/22/content_12295641.htm China's imports, exports drop 10.1% in September http://news.xinhuanet.com/english/2009-10/14/content_12228511.htm China's power consumption continues to rise in Sept http://news.xinhuanet.com/english/2009-10/15/content_12235654.htm Peace and best wishes. Xi --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
