Archive for December 18th, 2009
2010 economy ‘looking good’
by Mr. Wiseman on Dec.18, 2009, under Opinions
The Chinese economy will grow by more than 8 percent in 2010, despite lingering uncertainties in the global market, a leading Chinese economist predicted.
Fan Gang, director of the China National Economic Research Institute and a member of the money policy committee of the People’s Bank of China, is confident that the country can meet its GDP growth target of 8 percent this year and will keep the momentum of the economic recovery next year.
He attributed the strong economic growth to the government stimulus package, rising investment in property and industrial sectors as well as a growing trade surplus.
China’s 4-trillion-yuan ($585 billion) stimulus package, mainly on domestic investment and consumption, is shoring up the economy, with manufacturing showing more signs of recovery, according to the State Council, or Chinese cabinet .
“Investment in real estate so far this year has almost fallen to its lowest level for years,” Fan said, “yet money has started to flow into this sector and will increase quickly next year, making it a significant source of GDP growth.” (continue reading…)
Over-Consumtion is a Straight Way to Crisis
by Mr. Wiseman on Dec.18, 2009, under Editorial
New trendy “Do The Green Thing” published an survey. It show how much people spend on completely unneeded staff.
In 2008, £1.7 billion was spent on unwanted Christmas presents
Each person will spend an average of £435 on Chrismas gifts
Over-consumtion leads to extra garbage and CO2 emissions. (continue reading…)
