China's economy to expand by nearly $1 trillion in 2010?

[touchring]

Based on comparable statistics released for Singapore, China's economy must have expanded at an annual rate of close to 20% for the first six months of 2010. If the current momentum continues, China will create almost one India or one Russia (~$1.2 trillion economies) this year alone.

[Chomsky]

Re: China's economy to expand by nearly $1 trillion in 2010?

Source?

[touchring]

Re: China's economy to expand by nearly $1 trillion in 2010?

You won't find a definite source because everyone is using China's official statistics which is "pegged" around 10% plus minus 1%, regardless of the state of the economy. I'm speculating based on China's tremendous credit growth, real estate sector, export growth and currency exchange rates.

http://mdn.mainichi.jp/mdnnews/busin...bu062000c.html

http://www.rttnews.com/Content/Asian...de=B2&SimRec=1

http://blogs.wsj.com/chinarealtime/2...lower-in-june/

[touchring]

Re: China's economy to expand by nearly $1 trillion in 2010?

So much for statistics, let's look at some videos.


1992 (1930s nostalgia)


2010