Get ready for new growth challenges
By You Nuo | China Daily | Updated: 2008-08-11 08:39
No monetarist contractions can last very long in China, a country that has been depending on relatively higher growth in GDP for solving many of its problems.
One has reasons to guess this would also be more or less true in many developing countries, where a certain level of growth could lend a lot of comfort to the government and to job seekers.
But at a time of dangerous financial problems, featuring hungry investment and high prices of key production materials, as some observers have pointed out, it is not easy for any economy to just grow out of its current problems.
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