China’s economics situation at present
... debts were completed in 2002. Infrastructure was greatly improved. In-flow of international capital, which could promote corporate structural adjustment, and enhance corporate competitiveness, would continue Growth in the first quarter of 2003 was the highest since 1997. All economic indicators were up. Growth was remarkably high, with GDP up by 9.9%. Economic performance in the first quarter is not just a simple extension of the previous year. It foretells a change in development orbit. A new era of fast economic growth is ushered in. Deep-rooted structural economic problems, like inadequate consumer spending, remain unsolved. SARS has come. Resources constraint is becoming increasingly prominent. Overheated economy is surfacing in some regions and some enterprises. Serious economic issues will remain in 2003: Basically unchanged supply mix unable to meet the constant changing demand, slow income increase in rural areas, widening income gap. All these could hold back domestic market expansion. It is predicted that in the year there could be no substantial growth in demand in China and in the world. Political environment will continue to be perfected. Economic development mechanism per se will be further optimized. Economic growth in the whole year will remain vigorous and heal...