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Friday, February 22, 2008

 

China economy faces triple threat

BEIJING: China’s economy is up against a triple threat of weakening global growth, possible domestic overheating and the catastrophic impact of recent severe weather.

It should still record-high growth this year, said analysts and economic organizations.

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O T H E R   R E P O R T S

 

BEIJING: Chanel, BMW and French wines are the preferred choices for affluent consumers in China, even if they have to pay a premium for foreign luxury, a survey showed.

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ANALYSIS

On February 19, data released by National Statistics Bureau showed China’s consumer price index (CPI) in January surged 7.1 percent year on year, a new 11-year high.

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Severino O. Frayna Jr., Benjie Dela Rosa
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