Thursday, April 15, 2010
China's Economy Roars into 2010, Tighter Policy Seen
This article gives more insight into China's economic growth as it tightens up it's monetary policies. Lending will also decrease in China to slow down their rapid growth. Inflation will be one of the Chinese main concerns this year as well as increased pressure from Washington to regulate its currency. Retail and industrial growth have also been increasing in the first quarter as well. It will be interesting to see if the United States can gain some ground against the Chinese this year.
Subscribe to:
Post Comments (Atom)
2 comments:
China is correctly reeling in growth. They definitely don't want to have high inflation and make the same mistakes that were made in Russia.
Personally, i think it is in china's own self interest to appreciate its currency as it would force the Chinese, if they want to keep their high growth, to be not so reliant on exports but to encourage internal consumption. As their economy and country increasingly develops, china would need to diversify into other areas such as the service industry.
Post a Comment