10-14-2005, 10:09 PM
<b>Chinese economy to retain above 9% growth </b><!--QuoteBegin-->QUOTE<!--QuoteEBegin--> The Chinese economy is forecast to continue booming this year with 9.4 per cent growth before a slide in exports cools things down more significantly in 2006, state media reported on Friday.
In the latest report by the Chinese Academy of Social Sciences (CASS), gross domestic product (GDP) growth this year was expected to fall only marginally from last year's 9.5 per cent.
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Day before yesterday they were showing on TV how China had built so many luxury building but majority of them are empty. There is an abject poverty in rural China. Force eviction, bankrupt banks, empty stock exchange building, they have all best technology installed in offices but they are empty etc.
They showed very grim situation of Chinese govt machinery.
In the latest report by the Chinese Academy of Social Sciences (CASS), gross domestic product (GDP) growth this year was expected to fall only marginally from last year's 9.5 per cent.
<!--QuoteEnd--><!--QuoteEEnd-->
Day before yesterday they were showing on TV how China had built so many luxury building but majority of them are empty. There is an abject poverty in rural China. Force eviction, bankrupt banks, empty stock exchange building, they have all best technology installed in offices but they are empty etc.
They showed very grim situation of Chinese govt machinery.