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Tuesday, August 12, 2008
China's Growth to Continue
China's growth will not slow further after the Olympics.The slowdown this year has been on account of exports dropping and government policies,says Tom Quinn of The Jordan Company,a private equity firm.Growth for 2007 was 11.4%.The forecast for 2008 is 8-10%.The Shanghai Composite Index is down 48% this year.The Chinese government needs to continue improving the standard of living.China has 350 years worth of coal in the ground.There is tremendous investment in infrastructure such as railroads and highways.China must develop the central and northern parts of the country,Mr.Quinn indicated.
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