so much pressure. the u/ wont hold at 21.46, page-21

china's economy grew 9.8% in 2005 This was the main reason why commodity and energy prices remained high during 2005. If China continues on its growth trend and if Japan's rising from its long coma is not another false dawn, the super mining cycle that might already have arrived, would become more evident.

However, as with all other years, 2006 will have an unpredictable "Factor X" that might derail trends.



GDP up 9.8% in 2005, says NDRC
(Xinhua)
Updated: 2006-01-03 08:52

China's economy grew 9.8 percent in 2005, said Ou Xinqian, vice minister of the National Development and Reform Commission here Sunday.

The commission's previous estimate for last year's economic growth was 9.4 percent. This figure was adjusted according to the newly-revised GDP in 2004.

China last month revised the size of its economy in 2004 by 16.8 percent to 15.99 trillion yuan (1.93 trillion U.S. dollars), with over 90 percent of the newly-added 2.3 trillion yuan from better data about the services sector.

Ou revealed the figure at a meeting on the coal supply and demand. She said China's CPI remained within two percent in 2004 and the fixed assets investment grew 25 percent.