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Consumer spending in China to grow.

Publication: Market Asia Pacific
Publication Date: 01-FEB-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
If a September 2006 International Monetary Fund (IMF) estimate of 2007 GDP growth in China is mirrored by reality this year, China's GDP will have grown 10 percent (and slightly more) for each of the past five years through 2007.

By far, China is the fastest growing of the world's major economies.

It is generally accepted that China is able to maintain this spectacular engine of growth by concentrating on exports and foreign investment in the country. This model has been used successfully by other countries to accelerate development, but nowhere more successfully than in...

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