China to Rank First in Economic Growth Rate Next Year: IMF

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Tuesday, October 24, 2000, updated at 08:51(GMT+8)

Business

China to Rank First in Economic Growth Rate Next Year: IMF

China's economic growth rate will reach 7.3% next year at the fastest growth speed in the world, according to the Fall Report of World Economic Forecast published by IMF recently.

The economic growth rate for China Mainland will reach 7.5% this year while that of Hong Kong will reach 8.0% and Taiwan's 6.5%, all of which rank the first in the world economic forecast, predicted by IMF.

The report indicated at the same time that the downward price has been picking up this year. The consumption price is predicted to rise 0.5% this year compared with the -1.4% for last year and next year will see another remarkable rise of 1.2%.

The price of crude oil will decrease 13.3% next year though it went up respectively 37.5% last year and 47.5% this year, according to the outlook of the same report.

(Panorama)


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	China's economic growth rate will reach 7.3% next year at the fastest growth speed in the world. The economic growth rate for China Mainland will reach 7.5% this year while that of Hong Kong will reach 8.0% and Taiwan's 6.5%, all of which rank the first in the world economic forecast, predicted by IMF.




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