Slow growth and declining prices put squeeze on China: officials stress improved balance of payments as quarterly foreign investment slides

Article Abstract:

China's slowing economic growth has continued in 3rd qtr 1999. Foreign investments in the country also significantly declined. The $29.2 billion infused by foreign companies into the Chinese economy through Sep 1999 was 6.8% lower from the same period in 1998. Despite the slowdown in economic growth, China was able to avoid the devaluation its currency mainly because of improved balance of payments and growth in foreign reserves.

Market information - general, Economic Programs, Administration of Economic Programs, Foreign investments, Balance of payments, Economic policy, Economic development

---

Economy continued brisk expansion in the third quarter

Article Abstract:

After seven years of negative growth, China's economy turns around with three consecutive quarters with growth of the gross domestic product in excess of 8%. Increased exports and government spending are responsible for growth and help balance somewhat the gap between urban and rural economies.

Gross Domestic Product, Statistical Data Included, Statistics

---

Similar abstracts:

• Abstracts: Toyota and Ford continue talks on joint ventures. Siemens, Yaskawa of Japan agree to form venture. Venture planned between Siemens and Mannesmann
• Abstracts: Mattel to incur $50 million expense on departing staff. Mattel posts quarterly loss on restructuring charges. Mattel swung to profit in third quarter
• Abstracts: Ericsson to sell real estate to improve its cash flow. Ericsson reports big quarterly loss and warns on 2002. Ericsson reports strong results; expects sales rise
• Abstracts: ING and Aetna agree to sale of units. ING Groep renews talks to acquire Aetna business
• Abstracts: Chip maker ends its slump; Samsung Electronics reports improved earnings. Tech Exports May Help Sustain Asia in Case of U.S. Slump

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.