Chinese Researchers Confident of 8% Growth
Source: http://blogs.moneyandmarkets.com/blog/real-wealth/0/0/chinese-researchers-confident-of-8-growthPosted on Wednesday, January 7th, 2009 | In Commodities
pJan 6, 2009, BEIJING (REUTERS) — China’s economy will probably grow by about 8 percent this year, the central bank’s research bureau and other economists forecast on Tuesday, the latest expressions of confidence that authorities can engineer a soft landing./ppMany independent analysts have predicted a sharp slowdown for the world’s fourth-largest economy, to as little as 5 percent, as factory output growth grinds to a halt and exports shrink in the face of falling demand in the United States and Europe./ppHowever, government officials and researchers have begun to centre on the view that China can maintain growth of 8 percent this year — the pace Beijing considers necessary to create enough new jobs to preserve social stability./ppThe research bureau of the People’s Bank of China added its voice to that consensus, saying it expects a relatively modest slowdown from its estimate of 9.3 percent growth for all of 2008. The economy expanded by 9.9 percent from a year earlier in the first nine months of 2008.br /nbsp;/p
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Beijing, central bank, China, Commodities, Europe, ppThe research bureau;, United States
 About Larry Edelson (http://blogs.moneyandmarkets.com/blog/real-wealth)
With nearly three decades of experience in precious metals and natural resources markets, Larry Edelson has played a pivotal role in training Weiss Research staff and in guiding Weiss Research’s customers to prudent investments in the sector. His Real Wealth Report, Gold Trader Hotline and Energy Options Alert provide a continuing education on natural resource investments, with recommendations aiming for both profit and risk management. His team of technical analysts helps enhance the timing of investment recommendations with the aim of continually improving the performance results for investors. Mr. Edelson is also a regular contributor to the daily e-letter, Money and Markets. Recognized as an expert in precious metals and natural resources, he is often called upon by the media for his investing views. Mr. Edelson has been featured on Bloomberg, Reuters, and CNBC as well as The New York Times, New York Sun, and Marketwatch.com Mr. Edelson holds a B.A. degree from Columbia University. |
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