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Re: China cuts growth
Mega! Tell the nice people what your article is about and why they should read it. -
Re: China cuts growth
WOW!!!Originally posted by Verrocchio View Post
now here's a concept for 'change they can believe in'
wonder why we cant get any of of political hacks in DC to figger this one out?
China lowers growth targets
China's Premier has lowered the country's economic growth targets and declared that the world's second-biggest economy can no longer "blindly" pursue unsustainable expansion.
Mr Wen acknowledged that the gap between China's official rate of inflation and the cost of food and housing is making life difficult for people Photo: REUTERS
By Rupert Neate 6:59PM GMT 27 Feb 2011 Comments
Wen Jiabao reduced China's annual growth target from 8pc to 7pc for the next five years in an effort to curb soaring food and housing prices.
In an online "chat" with his nation's citizens, Mr Wen said: "We want to put the emphasis of our work on the quality and the benefits of economic growth. We want the fruits of development to benefit the people."Comment
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Re: China cuts growth
This article gets its data from the Chinese govt. From what I know, food inflation in China is now running at least 20-30% a year, if not way more.
If current trend continues, the poorer Chinese will be eating grass (as the chinese saying goes).Comment
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