The external view
With China posting growth rates in excess of 9%, are the attempts of the authorities to slow the pace of growth failing? What will happen if the pace continues at this rate? And what is the optimal growth rate for China?
Tim Condon, head of financial markets research for Asia, ING in Singapore
3Q04 GDP data demonstrates that the administrative measures to cool the economy are working. Investment grew by Rmb 66 billion in 3Q, down from Rmb 156 billion in 2Q. Loan growth slowed to 13.6% in September from
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