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Chinese Premier Wen Jiabao says the country is aiming for lower GDP growth of 7% during the...

Chinese Premier Wen Jiabao says the country is aiming for lower GDP growth of 7% during the 2011-2015 period, as the government aims to focus less on rapid growth and more on the quality of the economic expansion. 
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Comments (3)
  • Wyatt Junker
    , contributor
    Comments (4501) | Send Message
    So instead of karate and self immolation will they try to slow down by tossing frisbees and playing badminton instead?
    27 Feb 2011, 04:33 PM Reply Like
  • mikeybronx
    , contributor
    Comments (383) | Send Message
    The government of China is coming to grips with the reality of 1) the drain of the laborforce from industrial manufacturing back to agriculture, 2) the fierce competition from other countries affording cheaper labor then China, 3) the people of China wanting to invest and raise their social positions, 4) Bejing losing its central political strength. Once a real trade balance is in affect and realized the GDP of China cannot support anything more or near a 7% growth. A point of interest is that though China has a communistic government with its governing strength in Bejing the Chinese population is comprised of 56 ethnic groups with about 91% ( 55 groups ) located far away from Bejing. So in theory, the 9% ruling class ( 1 group) is in Bejing as a minority. Hmmm....them numbers do not add up.
    27 Feb 2011, 06:57 PM Reply Like
  • Astroman133
    , contributor
    Comment (1) | Send Message
    the ruling class is those princelings with close ties to government, military as well as state own enterprises. 3% of the entire china economy owns 80% of the wealth
    27 Feb 2011, 08:48 PM Reply Like
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