Advertise On EU-Digest

Annual Advertising Rates

2/6/11

Will China's economy be put on a diet in the Year of Rabbit? - by Geoff Nixon

The Chinese economy will be put on a diet in the Year of the Rabbit, as leaders in Beijing seek to trim inflation and curb an overheated real estate market in the months ahead.

In the days before the Chinese New Year, Premier Wen Jiabao announced that the government would put an increased focus on the "welfare of the people," taking steps to improve prosperity in the coming year.

Driving down prices and tempering the Chinese real estate market are two steps the government intends to take to help its people "live and work in peace and contentment, be free from anxiety, and live with greater happiness and dignity," Wen said in remarks reported by the state-run Xinhua News Agency.

Note EU-Digest: In Egypt as in China the same saying applies: "You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time. ..."

For more: Will China's economy hop forward in Year of Rabbit? - CTV News

No comments: