Simply amazing.

http://www.google.com/hostednews/afp/article/ALeqM5iKK7IhNjVms8tzfUmpn4hJquJu2g

Quote: China: industrial output up 8.3 percent in March 34 minutes ago BEIJING (AFP) China's industrial output rose by 8.3 percent in March, in a sign that a huge stimulus package is kicking in, Premier Wen Jiabao said in an interview published on Monday. Last month's growth accelerated from the 3.8-percent rise in the first two months as domestic demand continued to improve, Wen said, according to the China Securities Journal. Data on fixed asset investment and retail sales, which measure spending on infrastructure and consumption respectively, also increased quickly in the first quarter, he said in an interview carried out in Thailand at the weekend. All this showed the economy was performing "better than expected" thanks to Beijing's measures to tackle the international financial crisis, he said. China in November unveiled an unprecedented four-trillion-yuan (580-billion-dollar) stimulus package to ward off the worst effects of the global crisis. However, Wen warned that the nation's export-dependent economy was still facing major difficulties due to a sharp contraction in foreign demand, which has placed increasing pressure on employment. "The international financial crisis has not yet hit the bottom. It's hard to say that China alone has steered away from the crisis," he said. "We should never overlook (the risks)." Wen's comments came just days before the National Statistics Bureau is slated to release first quarter data on the Chinese economy on Thursday.

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OOOooo Great news!

China's problem is, that it must maintain growth at over 8% just to satisfy social need and order. I highly
doubt your Commie's will be able to achieve it this year. You Commies has done so in recently years only with artificial monetary pressures in keeping the Yuan down and dollar up (steadily buying US treasuries) to encourage a steady stream of export and trade imbalance. In truth, China never counted on the US being brought to its economic knees by other factors (toxic or bad debt). Now it realizes that instead of just financial smoke and mirrors, that it too must actually spend government money to create jobs and growth internally. China is in trouble!

"China's problem is, that it must maintain growth at over 8% just to satisfy social need and order"

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Western propaganda... the above assumption is kept mentioned in all news media in the West, however, in reality this is hardly the case... the Chinese cultur is extremly different from the West.. I think you need to study more chinese history to understand this...


Even chinese living in developed and democratic countries hardly ever vote or care about which political party is in power... the reason for this is that chinese follow a confucius thinking of all for the greater good... is a king's job to govern ... and people's job to obey... for those of you that have Chinese peers in your class you will notice how obedient the chinese students are... usually teacher's pets... the reason for this is that Chinese culture teaches -one shall not to question athority... but to obey... The reason why Chinese cutlure was able to say alive so long is mainly because their ability to tolorate sh*t from others....even from their own government...


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No Matter Who Wins, our troops are always in Good Hands!

The 8% number is really a sh*t from western propaganda. With the background of today's world, even 0% can be tolerated by Chinese gov. All Chinese think the hardship was caused by US government and yankees, and Chinese gov is doing pretty well

Considering how some major economies were shrinking at double digit annualized rate, China is doing fine...very fine.


Whoever said winning isn't everything must be a loser...

"Western propaganda... the above assumption is kept mentioned in all news media in the West, however, in reality this is hardly the case... the Chinese cultur is extremly different from the West.. I think you need to study more chinese history to understand this...

Even chinese living in developed and democratic countries hardly ever vote or care about which political party is in power... the reason for this is that chinese follow a confucius thinking of all for the greater good... is a king's job to govern ... and people's job to obey... for those of you that have Chinese peers in your class you will notice how obedient the chinese students are... usually teacher's pets... the reason for this is that Chinese culture teaches -one shall not to question athority... but to obey... The reason why Chinese cutlure was able to say alive so long is mainly because their ability to tolorate sh*t from others....even from their own government... "

You really need to go and get an education. Your views are so stereotypical and illogical, with Chinese students being obedient and Chinese culture preserved because the government doesn't tolerate ****. Chinese culture has persisted for centuries not because the government doesn't tolerate ****, but because of China's reclusiveness and isolation from the rest of the world for the majority of its history.

News media is not wrong about the 8% marker. Although it has not been proved or shown that 8% is the magic number, you should realize that China has had double-digit growth right up until the end of last year. Even the Chinese government has targeted 8% as their target despite everyone's prediction that China's economic growth will probably be around 5-6% this year.



"Considering how some major economies were shrinking at double digit annualized rate, China is doing fine...very fine."



China is not doing fine. Where are you looking at, the wealthy first class? Did you know that China has one of the social largest gaps between the poor and the rich? Did you know that China doesn't provide many social services for its people, such as health care?

See your problem is that you just look at the surface of things, not the progress behind it. You think that a government can magically over night establish itself as a first class nation with all its qualities (social support, healthcare, education, etc etc)? Go and read the changes that China has been through in the last 20 years before you post BS.


Whoever said winning isn't everything must be a loser...

The brainwashed people never know that the gaps with China was accumulated for more than 30 years. Even the gaps exixt, the incomes of all Chinese are increasing fast, the difference is the growth rate.

Farmers are poorest in China, but it was them who get most of social welfare in recent 3 or 4 years. Maybe their incomes on paper grow slower than others, but they need to spend less for free compulsory education, no farming tax, heavily subsidized medical care. Only China can implement these much policies in such a country in a short time.

In China income is one thing, but your life is impacted by many policies. For example, Chinese farmers don't need pay a cent for their resident site(they apply for a free land and build by themselves, but urban residents have to buy their apartments or pay the rents. Even in urban areas, most people still live in the apartments that they got from socialist policy, they paid very little for the apartments. Some people today may make more, but there is no such kind of socialism policy any more. Income in China is much more complicated than statistics on economists' paper.

I still don't see the amazement. If the government is going to pump hundreds of billions of dollars into the economy, of course you will see "growth." If you pumped that money into Zimbabwe you would see output going up as well, there is nothing amazing about it. The question is what will happen when government money runs out.

F.uck an eye for an eye. You take my eye, and I will kill you, and all those you care about. That is our policy.

Chinese government has a very very small fiscal deficit and has alot of room to maneuveur in terms of borrowing, it is also backed by the world's largest foreign reserve. The banks in China are state regulated and our economic/lending policies are implemented much faster with less hassle than America. I fully expect China to be the biggest winner out of this recession...I know I know, there is no winning in a recession but China will come out as the strongest and most solid of the bunch.


Whoever said winning isn't everything must be a loser...

Even today, Chinese gov haven't touched forex for stimulus plan, that's only a choice for future. As I said, China is the only one large economy in which both gov and people have money in pockets. China's gov deficit will be 900 billion rmb. even that's 9 times of before, but it is still very small dent comparing with a 26 trillion RMB economy.

@Notan,

Both US and Japan are pumping billions if not trillions into their economy; now show me their growth.....

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