Now that's growth!

Graham_Devon

Would have Hamish wetting his knickers if this was in the UK!

China's economy grew at an annual rate of 11.9% in the first quarter of the year, which experts say could lead to a revaluation of the yuan.
The growth figure was slightly higher than expected, while consumer price inflation was surprisingly low at 2.2%.
"We have got off to a good start this year," a Chinese spokesman said.
The figures have helped to fuel debate among experts about whether the recent fiscal stimulus package could be stoking up problems for the economy.
"There is a lot of talk about overheating," Glenn Maguire, chief economist for Asia Pacific at Societe Generale, told the BBC. "But the classic symptom is inflation."

http://news.bbc.co.uk/1/hi/business/8621413.stm

Generali

Check the impact on the housing market:

http://www.shanghaidaily.com/sp/article/2010/201004/20100401/article_432884.htm

SHANGHAI topped major cities around the world in 2009 by posting the biggest annual price increase for houses located in prime areas as China's quick recovery from the global recession helped boost capital gains, according to a joint wealth report by Knight Frank and Citi Private Bank.

According to the annual report which tracks 56 locations worldwide, prices of prime residential properties in Shanghai soared 52 percent last year, followed by Beijing with a 47 percent jump and Hong Kong with a 40 percent gain, from 12 months earlier.

Graham_Devon

52% in a year....not bad, but could do better

purch

Those fixed exchange rates always have a sting in the tail :eek:

Harry_Powell

As China is a net exporter with no real internal markets, are we to believe that their growth is a reflection of the wider global economy?

Jonbvn

Harry_Powell wrote: »

As China is a net exporter with no real internal markets....

Where did you get that from? China has a significant growing middle-class (i.e. consumers).

Harry_Powell

Jonbvn wrote: »

Where did you get that from? China has a significant growing middle-class (i.e. consumers).

I was asking a question, should I assume your reply is 'No'?

1984ReturnsForReal_2

I can pretty much assume that at least 10-15p in the pound is !!!!!!ing off to China then..

Economy my assssss. We have a false economy...

Generali

Harry_Powell wrote: »

As China is a net exporter with no real internal markets, are we to believe that their growth is a reflection of the wider global economy?

Do you think that a country of 1,000,000,000 people roughly has no internal markets? If you do you're wrong, IMO I guess.

I agree that growth isn't indicative of the wider world's economy. Given the huge infrastructure program in China and the trade deficit they are apparently showing it seems that internal demand has driven a lot of this growth.

chucky

the growth or comparing to a country like the UK is irrelevant... and very misleading

what hurts an economy more going from 3% growth to -3% or a country dropping from 11% to 5% growth in one year...

Jonbvn

Harry_Powell wrote: »

I was asking a question, should I assume your reply is 'No'?

The first part of the post was a statement? The answer is YES they do have a large and growing internal market, and NO this is not indicative of the world economy.