China: rebound
Article Abstract:
China is aiming for an economic growth rate of 8%, with inflation at 10% in 1996, but growth is likely to exceed this, according to Deutsche Morgan Grenfell. The People's Bank of China is already selectively loosening credit policy. Inflation has dropped rapidly, but this is partly due to price controls which have led to problems. Gradual liberalization is expected to lead to a rise in inflation. The renimbi looks set to decline in order to strengthen competitiveness, though this depreciation should be gradual.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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India and China: the subcontinents slug it out
Article Abstract:
China and India are both large economies and need foreign funds to develop their infrastructure. Both economies have a non-resident population and a growing urban labor force. Agriculture accounts for a similar proportion of each country's labor force but a bigger proportion of China's gross domestic product. China also enjoys more rapid economic growth and Chinese people save a higher proportion of their income on average than do Indians.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Currency query
Article Abstract:
TheChinese renminbi (RMB) or yuan is expected to stay strong during the next three to six months,according to Merrill Lynch, but this will be followed by a steady depreciation through to 1996.The country has a tight monetary policy and its external payments position is strong. Theappreciation of the renminbi has been helped by the recent generalised weakness of the USdollar.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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