The World Bank raises inflation projection for China
Posted on Jun-20-2008· by china investor
The World Bank raises inflation projection for China from 4.6 persent to 7 persent,after China goverment raise the price of Oil and electricity on yesterday night.And The world Bank raises their projection of chinese GDP from 9.6 to 9.8 too.Chinese goverment had announcemen The GDP of 2008 will been 8 percent.I don’t know at the end of this year which number is right,But I know there have a red line of GDP is 7 percent,If GDP lower then 7 percent,there will have many many unemployed man in China.And we had talk about whether there will have a wear away in chinese economy after olympic games.We hope chinese economy keep strong increase,But if the inflation of the world can’t been control,I think there will have many problem.
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June 23rd, 2008 at 3:50 pm
“If GDP lower then 7 percent,there will have many many unemployed man in China”
Good article,Thanks.