Wednesday, April 20, 2005

Why China is growing so fast

From Asia Times: Why China is growing so fast

"For years, investors and economists have been scratching their heads over China's growth rate. (...) China's $1.3 trillion economy is the second largest in Asia and some say it was largely responsible for keeping the world from sliding into recession in 2001.
(...) figures released by China's National Bureau of Statistics on Wednesday revealed that the country grew an amazing 9.5% from a year earlier to 3.14 trillion yuan ($379 billion) in the first quarter as exports and investment surged. A tremendous achievement indeed. But the question uppermost in the minds of many remains: how has China achieved this miracle?"

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