The World Bank's latest quarterly update says China, the world’s third largest economy, will continue to see steady economic growth through 2011, but it will likely begin to slow.
Strong real estate investment and a recovery in exports has helped China's steady growth.
Rising inflation in China is fuelling American concerns that reining in growth here could have negative consequences in the U.S.
Some fear that a cooling of China's overheating economy could hurt U.S. markets by cutting Chinese investment in U.S. stocks and Treasuries. And higher inflation, coupled with the 12% annual economic growth rate in the first quarter, is setting off alarm bells around the world.
China's economic growth has been enormous over the past few decades. Many economists predict that 2010 will be the year it starts to slow down. But growth is still expected…especially when it comes to IPOs. And as Susan Tart will tell us, China is making waves in the IPO market.
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Growth is a good thing, but if city infrastructure isn’t prepared for it, it can have some negative consequences. One aspect many cities in China are dealing with is how to handle all of the excess trash. China’s population growth and increase in income only fuel the growing pile of trash. Susan Tart has the dirt.
As the two biggest developing countries, China and India are developing their economies rapidly. They are also the main economic powers in Asia.
Recently India's newly-appointed chief economic advisor, Kaushik Basu, said at the Federation of Indian Chambers of Commerce and Industry meeting that the country could possibly surpass China's growth rate in four to five years. He also added that this growth scenario was "not an impossibility". The news caused Chinese internet users to discuss the economic development between China and India.