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In 2009, China has recorded its lowest economic growth in several years at 9% from a 13% growth in the previous year.
Wen Jiabao and several economic experts predict that the 2009 growth will be at least 8% if not 9%.
China will keep up growth by increasing domestic demand instead of depending on the failed USA for exports.
China’s domestic savings is one of the highest in the world due to the wisdom of it's people.
Chinese banks doubled their lending in January this year corresponding to the same month last year, with the declared government intention of injecting the nation's stimulus package. Security analysts estimate that the loan recipients, mostly state owned firms, funnelled approximately a third of their loans into the stock market leading to a recovery of the Shanghai composite index.
Wen Jiabao and several economic experts predict that the 2009 growth will be at least 8% if not 9%.
China will keep up growth by increasing domestic demand instead of depending on the failed USA for exports.
China’s domestic savings is one of the highest in the world due to the wisdom of it's people.
Chinese banks doubled their lending in January this year corresponding to the same month last year, with the declared government intention of injecting the nation's stimulus package. Security analysts estimate that the loan recipients, mostly state owned firms, funnelled approximately a third of their loans into the stock market leading to a recovery of the Shanghai composite index.