Wen Jiabao Predicts Rapid, Sustainable Growth For China - Reuters

[hatrack]

Well alrighty then . . .

BEIJING - Premier Wen Jiabao voiced confidence on Tuesday that China would continue to enjoy strong economic growth despite energy constraints and environmental woes. Gross domestic product grew by more than 10 percent a year in the past three years, pushing China above France and Britain into fourth spot in the world economic rankings.

Growth accelerated further to 11.3 percent in the year to June, the fastest clip in more than a decade, prompting the government to tighten credit and curb investment to reduce the risk of overheating.

Asked whether China could engineer a soft landing, Wen said China's commitment to economic restructuring and changing the pattern of economic growth would make Chinese conserve resources and be more environmentally friendly. "This will put China on a path of achieving people-oriented, comprehensive, coordinated and sustainable development. So we are in a position to ensure continued and fairly fast growth of China's economy for a considerable period of time to come," Wen said.

"We have full confidence in our ability to do so."

EDIT

http://www.planetark.org/dailynewsstory.cfm/newsid/37975/story.htm

[Deja Q]

1. If gasoline in China costs 33 cents per liter, they're hardly wrong.

Any country enjoying cheap gasoline has it made.