Jamaica sure to benefit from China's growth, say local execs - JAMAICAOBSERVER.COM: "Jamaica sure to benefit from China's growth, say local execs
Julian Richardson, Business Observer reporter
Wednesday, August 23, 2006
Nanjing, China - A bank worker sorts out stacks of Chinese renminbi at a bank in Nanjing eastern China's Jiangsu province on August 18. China raised interest rates Friday for the second time in four months, stepping up efforts to cool off an economic boom that the government worries could spark a financial crisis. (Photo: AP)
Jamaican corporate executives believe that the robust growth forecast for China's economy in 2006 and beyond is bound to have positive implications for Jamaica in areas such as trade, tourism and manufacturing.
Last week, the World Bank raised its 2006 growth forecast for China's economy to 10.4 per cent from 9.5 per cent. In its most recent quarterly update on China, the organisation also revised its projections for growth in 2007 to 9.3 per cent from 8.5 per cent."
Julian Richardson, Business Observer reporter
Wednesday, August 23, 2006
Nanjing, China - A bank worker sorts out stacks of Chinese renminbi at a bank in Nanjing eastern China's Jiangsu province on August 18. China raised interest rates Friday for the second time in four months, stepping up efforts to cool off an economic boom that the government worries could spark a financial crisis. (Photo: AP)
Jamaican corporate executives believe that the robust growth forecast for China's economy in 2006 and beyond is bound to have positive implications for Jamaica in areas such as trade, tourism and manufacturing.
Last week, the World Bank raised its 2006 growth forecast for China's economy to 10.4 per cent from 9.5 per cent. In its most recent quarterly update on China, the organisation also revised its projections for growth in 2007 to 9.3 per cent from 8.5 per cent."
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