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China set to stay growth course, according to UNCTAD Handbook of Statistics 2004.

Publication: M2 Presswire
Publication Date: 31-JAN-05 		Format: Online - approximately 1172 words
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-31 January 2005-UN: China set to stay growth course, according to UNCTAD Handbook of Statistics 2004(C)1994-2005 M2 COMMUNICATIONS LTD

RDATE:01282005

GENEVA - China's record-breaking export growth is likely to have topped 35 per cent in 2003-2004, according to new estimates released today by the United Nations Conference on Trade and Development (UNCTAD). The figures build on the data contained in the UNCTAD Handbook of Statistics 2004, which show that China's trade surplus soared by a factor of eight since the early 1990s, leading the growing participation of developing countries in world trade.

While China has been one of the main engines of growth for the global economy, the Asian economies more generally have resumed their rapid growth after the crisis of 1997-1998, with export growth rates of 20.4 per cent in the Philippines, 19.3 per cent in the Republic of Korea, 13.5 per cent in India, and 7.8 per cent in Indonesia in 2003. However, "hopes that the least developed countries and the highly indebted countries will be able to trade their way...

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