Sunday, January 20, 2008

CHINA ... HUGE STEP


Economic report Said that the capital of China (Beijing) plans for the growth of its economy by 9% per year within the next five years.

Beijing witnessed an annual economic growth rate of 12% in the past five years, gross domestic product rose from 433 billion yuan (60 billion dollars) in 2002 to 900 billion yuan in 2007.

On a related development An official from the local increase in the total GDP of the city of Beijing in the past year 2007 by 12.5% on an annual basis to reach 900 billion yuan (124 billion dollars).

He said Chang Kong Director of the Development and Reform Commission of Beijing Municipality, said: "It is expected that the per capita GDP to the maximum level of 7 per thousand in 2007."

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