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Post time 2010-7-15 10:29:45 |Display all floors
Following figures for the first six months of 2010 were published by China's NBS about half an hour ago:


GDP  growth  11,1% yoy

CPI increase 2,6% - far less than feared and expected. :)

Industrial output  17,6% increase yoy and much better than expected

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Post time 2010-7-15 10:37:00 |Display all floors

From here

GDP growth : 10.6%

Inflation : 13.8 %

Industrial output : 11.5% , lower than expected

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Post time 2010-7-15 10:37:11 |Display all floors
Originally posted by manoj10 at 2010-7-15 11:34
GDP growth : 10.6%

Inflation : 13.8 %

Industrial output : 11.5% , lower than expected



Nice GDP growth, congrats.   What's the cause for the inflation?

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Post time 2010-7-15 10:40:18 |Display all floors
Originally posted by satsu_jin at 2010-7-15 08:07 AM



Nice GDP growth, congrats.   What's the cause for the inflation?


The inflation was at 15% when 2010 started. The inflation is basically due to the government cut of subsidies on foods and other commodities and also on fuels. This was done to reduce the budget deficit due to massive subsidies available on food and other items. India can now only become costly, no way it will become cheap.

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Post time 2010-7-15 11:01:07 |Display all floors
A few comments:

China's rapid growth is slowing a bit as the impact of its massive stimulus eases and the government clamps down on a credit boom.

In the 2nd quarter alone the economy grew by 10,3% yoy, down from the dangerously high 11,9% of Q1.

Consumer inflation eased in June to 2,9% from 3,3% in May.

Industrial output in the second quarter alone was 13,7%, a bit less than estimated.


The H1 figures diminish the risk of overheating and give the government room to maneuvre on bank lending issues.

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Post time 2010-7-15 11:03:22 |Display all floors
Originally posted by satsu_jin at 2010-7-15 10:29
Following figures for the first six months of 2010 were published by China's NBS about half an hour ago:


GDP  growth  11,1% yoy

CPI increase 2,6% - far less than feared and expected. :)

...

really nice statistics:)

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Post time 2010-7-15 11:09:38 |Display all floors

I have to add :

There is no stimulus participation in our GDP growth and if at all it will be negligible levels.

The inflation although rising its still with in the red mark

I don't know what they are thinking in Delhi, they surprisingly leapfrogged manufacturing to services. So far it has been going good

Now they are interested in building roads, bridges, airports, transportation hubs and SEZ. The spending on infrastructure with in 2016 is going to top 1 trillion US$.

Considering any service economy expanding at 8 to 10% growth rate is an awesome achievement.

The next decade would answer clearly whether it has been a success or not. But it had been "so far  so good" with a little ambiguity

[ Last edited by manoj10 at 2010-7-15 08:44 AM ]

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