China replaced Japan IMF straightforward requirements appreciation

Since the second world war in East Asia "geese model" lingfei decades of Japan as to the "leader" in China. IMF (International Monetary Fund) in Singapore yesterday issued a World Economic Outlook reports that the Chinese economy powerful development greatly contributed to economic growth in East Asia has become the new growth in the region.

Growth in China leads the East feast

Hong Kong, China and Korea, Singapore, Indonesia, the Philippines, Thailand, ... Those little dragons "of Asia" in three dragons has become China's economic development of the biggest beneficiaries. IMF pointed out that the margin in these regions with the Mainland of China close trade links.

IMF forecasts, investment and net exports of sustained high growth, next year China's economic growth will reach 10%, if China keeps the current pace, growing more might be higher than expected, this "no limit" of economic growth in the Asian emerging markets faster economic growth. From here, the IMF also this year the East Asian economic growth expected from this former 7.9% to 8.3%.

Report forecasts, Korea, Singapore, China, Hong Kong S.A.R., China Taiwan and four Asian newly industrialized economies and next year's average growth rate projected 4.9 and 4.4 per cent. Where Korea's economic growth rate of 5 per cent respectively and 4.3%, Singapore 6.9 and 4.5 per cent, 6 per cent in Hong Kong S.A.R. of China and Taiwan, China 5.5 per cent to 4 per cent and 4.2 per cent. Indonesia, Thailand, the Philippines and Malaysia and other ASEAN-4 countries in the next two years the average annual growth rate of the economy were 5 per cent and 5.6 per cent.

But the report also noted that, although the momentum of China Lingfei is good, but the Asian economy still faces high oil prices, the World Trade Organization Doha round abort may result in the developed countries ' trade protectionism, bird flu and the United States and Japan and other countries the impact of the slow-down in economic growth.

At the same time, the IMF also will the coming two years of global economic growth forecast 0.2%, respectively 5.1 and 4.9 per cent. IMF believes that supporting the good growth prospects, including inflation pressures will be contained, developed countries, domestic demand growth will be more balanced and global financial markets will be more stable. United States this year and next year's economic growth will respectively 3.4 and 2.9% at the g-7 countries the fastest economic growth in countries. The euro area economy is expected in the next two years 2.4 percent and, respectively, 2%, with this year's growth rate will be the last six years.