Monday 13 December 2010

CHINA AND THE WORLD ECONOMY

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CHINA TO BECOME DOMINANT FORCE IN GLOBAL ECONOMIC GROWTH

Liang Jun

People’s Daily, December 13, 2010

According to data from the third quarter of 2010, China's economic growth rate stood at 9.6 percent, which means the rate has begun to slow. The International Monetary Fund said China's economic growth accounts for almost one-fifth of the world total, and China's purchasing power is only one-fourth of the world total.

In 2009, China accounted for 46 percent of the world's total consumption of coal, aluminum and zinc and the consumption of the crude steel was twice as much as the total of the European Union, the United States and Japan, according to figures released by the World Coal Institute.

In addition, demand for mobile phones in China will exceed the combined demand of all other countries in the world.

(...) [artículo aquí]

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