China GDP grews 9.7 in first quarter

04/15/2004

China GDP grews 9.7 in first quarter

Post @ 03:45 in Business - China's Economy

China's gross domestic product (GDP) grew 9.7 per cent in the first quarter, exceeding consensus estimates and raising further doubts over the effectiveness of Beijing's effort to cool the economy.via FT

Compare with last year GDP average 9.1% increase, the market was blooming really fast indeed. In the same day in South China, the 95th Guangzhou Commodity Fair opens, over 27,500 exhibition stands this year. More and more multinationals are getting involved in China’s market. Although the economy grew, job market is not optimism for students. Probably 50% of Graduates may not get a job in this year. I’m not a analyst, I don’t know why the economy grew fast but the demand is still weak.

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