is resource bubble like tech bubble, page-14

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    might be an idea to stick to a few facts here about china and india

    in china

    GDP (Nominal) (2007) $3.42 trillion (ranked 4th)
    GDP (PPP) (2007) $7.099 trillion (ranked 2nd)

    GDP growth rate (2007) 11.4% (official data) tipped to drop to 8%

    GDP by components, % (2006) Private consumption (36.4)
    Government consumption (13.7)
    Gross fixed investment (40.9)
    Exports of goods/services (39.7)
    Imports of goods/services (-31.9)

    a fair bit of china's demand (some 60%) is based on the domestic economy

    it is too simplistic to say china's growth was based on credit in the US.
 
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