Chinese economy slowing down?

China's economic growth to drop to single digits this year: report
Posted: 21 February 2007 1829 hrs

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A customer looks at the engine of an SUV at a dealership of Chery Automobile

BEIJING : Economic growth in China in 2007 will drop to single digits for the first time in five years, state media reported Wednesday, citing a senior government researcher.

The world's fourth-largest economy is expected to expand by nine percent this year, the China Daily said, citing Liu Shijin, deputy director of the Development Research Center, a think tank attached to the Cabinet.

This is down from 10.7 percent in 2006, the fourth consecutive year when China saw double-digit growth.

Liu predicted China would probably see growth rates of seven to eight percent in the coming decade, supported by the real estate and automotive sectors, the paper said on its website.

The paper did not provide a reason for the moderate slowdown in the economy beginning this year.



Link: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...


14:58 Gepost door Mobile blogger in Algemeen | Permalink | Commentaren (0) | Tags: slow, china, real-estate, automotive, asia, economy |  Facebook |


At which level is Europe's electronic Industry? And their manufacturing sites?

Check this link out: http://www.cio.com/blog_view.html?CID=27533

It is titled Foxconn to Sink $1B into Wuhan, China



It seems like we in Europe can dream about such investments in Electronic manufacturing plants. it is a pitty that there are no such big projects in Europe.


I am worried about the future of the economic situation in Europe especially in the world of electronics. When there a such huge investments in Asia the next investmenst are in R&D investments for Asia. So in long term everything is moving to those countries. They will be the leaders of tomorrow's technology.


Come on and stand up you over there European electronic wonder!

21:09 Gepost door Mobile blogger in Algemeen | Permalink | Commentaren (0) | Tags: china, europe, electronic, money, asia |  Facebook |