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Year of the Tortoise: China's New Growth Targets
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 402 no. 8775 (Mar. 2012)
,
page 73.
Topik:
Economic Growth
;
Securities Markets
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.70
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
The annual meeting of the National People's Congress (NPC) draws almost 3,000 delegates to Beijing to listen to the Chinese government's progress reports, rubber-stamp its proposals--and advance its goal of boosting consumption. But if this year's meeting lifted the fortunes of Silk Street stallholders, it dampened the animal spirits of others. They were perturbed by the opening speech, in which Wen Jiabao, China's prime minister, set a growth target of just 7.5% for 2012. That is half a percentage point lower than the target set in the previous seven years. It is also below the 8% threshold deemed necessary to preserve social stability by some officials. His announcement was received badly by the region's stock-markets, especially in Australia, which is getting filthy rich selling its dirt (iron ore, coal, minerals) to China's fast-expanding industries.
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