WIIW China Report 2001/1
SUMMARY
China to face declining external demand
In the first quarter of 2001, China’s GDP reached a growth rate of 8.1%,
nearly the same as throughout the year 2000 (8%). However, while last year’s
economic growth was supported to a large extent by accelerating exports
(27.8%), export growth weakened considerably in the first three months
of this year (14.7%) and might fall further due to the expected slowdown
of the global economy. Instead, public investment became the engine of
growth, probably in anticipation of the slowdown of external demand. For
the whole year of 2001 we expect a GDP growth rate of about 7.5%.
Price: EUR 7.00
The WIIW China Reports can be ordered from WIIW:
Ms. Ursula Köhrl, Oppolzergasse 6, A-1010 Vienna
phone (+431) 533 66 10 - 11, fax (+431) 533 66 10 - 50, e-mail:
Koehrl@wiiw.ac.at