June 25, 2012

Energy a Clue to China's Economic Health

Gordon Chang, Forbes

AP Photo

One worry not fully reflected in prices, however, is the planet’s largest developing nation, China. What’s there to worry about? The consensus view is the country will grow by at least 7% this year. That should be a cinch. First quarter growth, according to Beijing’s National Bureau of Statistics, was 8.1%, and most observers predict the economy will pick up in Q3. The central government’s growth target for the year is 7.5%, and the economy always outperforms the stated goal. China, analysts tell us, will be the main contributor to global prosperity this year.

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TAGGED: energy, China

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