Re: China

["Henry C.K. Liu" <hliu@xxxxxxxxxxxxxx>]

The most encouraging part is the government's decision to continue to raise
wages by 30% a year.  Also, anticipating a contraction of export, a new
ecoomic policy to stimulate domestic consumption and development will keep
growth above 7%.  A record deficit of 309 billion yuan ($36.68 billion) is
projected for 2002.

Henry C.K. Liu

Warren Mosler wrote:

> China's Zhu Vows to Keep Up Government Stimulus Spending, Create More
> Jobs
>                      Chinese Premier Zhu Rongji said the government will
> keep up a spending campaign to stem rising
>                      unemployment, boost farmers' income and sustain
> growth in Asia's second-largest
>                      economy. More...
>
> Fyi,
>
> This could be how China passes us by.
>
> w