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BUSINESS: China's economy grows 9.1 percent in 2003

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posted on Jan, 20 2004 @ 04:07 AM
Dispite the outbrake of SARS and several natural disasters, the Chinese economy grew 9.1 percent last year.

The growth rate was the highest since 1997, Li Deshui, commissioner of the National Bureau of Statistics, said here Tuesday.

With the average per capita GDP reaching $1,090, the achievement was a hard-won successful one despite the outbreak of the severe acute respiratory syndrome (SARS) epidemic and frequent natural disasters, he said.


posted on Jan, 20 2004 @ 10:53 AM
Absolutely Amazing, They are beginning to be a real competitor in world markets. (Some predicted that it might even have a greater currency than the dollar)

posted on Jan, 20 2004 @ 12:37 PM

Now go wrap yourselves in communist made American flags kiddies as we sell our manufacturing infrastructure to the lowest bidder, all for the glory of WALLSTREET.


To complain, call India. They answer Bush's phone now.

posted on Jan, 21 2004 @ 06:58 AM
Walmart Buys More from China than UK or Russia
China poses biggest threat to world trade!
WORLD leaders are at last recognising that there are huge imbalances in the world economy that threaten its future stability. The Group of Seven statement, following the recent meeting of the International Monetary Fund, that exchange rates should be fixed by market forces reflects this concern.

But what is the greatest cause of these imbalances? The willingness of the American consumer to carry on buying the products of the world and thereby sustain global growth? Or the economic and trading practices of what is - on some calculations - the world's second largest economy, China?

The world's largest company, America's top employer, and one of the most widely held stocks in the world: WALMART may be US based, but it's focus is across the Pacific.

Wal-Mart Stores, Inc. (NYSE: WMT)
702 SW Eighth St.
Bentonville, AR 72716-8611 (Map)
Phone: 479-273-4000
Fax: 479-273-4053

Covered by Alex Biesada

Wal-Mart Stores is an irresistible (or at least unavoidable) retail force that has yet to meet any immovable objects. Bigger than Carrefour, Royal Ahold, and Kroger combined, it is the world's largest company (measured by sales) and the #1 retailer, with about 4,800 stores, including about 1,475 discount stores, 1,700 combination discount and grocery stores (Wal-Mart Supercenters in the US and ASDA in the UK), and 533 membership-only warehouse stores (SAM'S CLUB). Nearly 75% of its stores are in the US, but Wal-Mart is expanding internationally; it is the #1 retailer in Canada and Mexico. Wal-Mart also has operations in South America, Asia, and Europe. Founder Sam Walton's heirs own about 38% of Wal-Mart.

It's also among the most hated of global entities.

[Edited on 21-1-2004 by RANT]

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