kneejerk coming, page-7

jaxon,

your post made me do a google search and i found this article. note this quote.

"China's economic growth has begun to inch down from its record high in 2007, but the country is in a strong macroeconomic position to stimulate demand by easing fiscal policy and credit controls, even if the global slowdown will be more pronounced, the bank said."



WB cuts China 2008 GDP growth to 9.6%
(Xinhua)
Updated: 2008-02-04 15:02


The World Bank cut its forecast for China's 2008 GDP growth to 9.6 percent in a report released on Monday, 1.2 percentage points lower than an earlier estimate of 10.8 percent.

In the newly-released China Quarterly Update, the World Bank said China's growth prospects remain robust but there are macro-policy challenges, including those from inflation.

China's economic growth has begun to inch down from its record high in 2007, but the country is in a strong macroeconomic position to stimulate demand by easing fiscal policy and credit controls, even if the global slowdown will be more pronounced, the bank said.