12-11-2003, 02:44 AM
http://www.centurychina.com/plaboard/
<b>China's output surges in November</b>
Accelerating global growth will drive China's economy even harder
China's industrial output surged last month, driven by increasing demand for steel, cars and electronic equipment.
Factories made 17.9% more goods in November compared with the same month a year earlier, official figures showed.
Computer production led the way, jumping 75%, with auto output up 33% and steel output 23% higher.
Economic reforms, low wage costs and a massive domestic market have helped turn China into the world's fastest expanding major economy.
Criticism
Growth has been above 7% in China for many years.
That success has brought criticism, however, and Premier Wen Jiabao recently discussed trade with US President George W Bush in Washington.
China's fixed exchange rate policy is blamed for undervaluing the yuan, prompting a surge of cheap exports that US critics say has claimed 2.7 million US manufacturing jobs since 2000.
To protect its producers, the US has imposed tariffs on Chinese-made bras, knitwear and dressing gowns.
China retaliated by delaying purchases of US farm products <!--emo&
--><img src='style_emoticons/<#EMO_DIR#>/biggrin.gif' border='0' style='vertical-align:middle' alt='biggrin.gif' /><!--endemo-->
<b>China's output surges in November</b>
Accelerating global growth will drive China's economy even harder
China's industrial output surged last month, driven by increasing demand for steel, cars and electronic equipment.
Factories made 17.9% more goods in November compared with the same month a year earlier, official figures showed.
Computer production led the way, jumping 75%, with auto output up 33% and steel output 23% higher.
Economic reforms, low wage costs and a massive domestic market have helped turn China into the world's fastest expanding major economy.
Criticism
Growth has been above 7% in China for many years.
That success has brought criticism, however, and Premier Wen Jiabao recently discussed trade with US President George W Bush in Washington.
China's fixed exchange rate policy is blamed for undervaluing the yuan, prompting a surge of cheap exports that US critics say has claimed 2.7 million US manufacturing jobs since 2000.
To protect its producers, the US has imposed tariffs on Chinese-made bras, knitwear and dressing gowns.
China retaliated by delaying purchases of US farm products <!--emo&
--><img src='style_emoticons/<#EMO_DIR#>/biggrin.gif' border='0' style='vertical-align:middle' alt='biggrin.gif' /><!--endemo-->