Is China's Wen Whistling In The Dark?


	Is China's Wen Whistling In The Dark?

Forbes Markets

3-5-2009 11:24 AM

343 views

tags:

china, economy, wen jiabao

Forbes Markets says:

Hitting 8% growth matters a lot for rest of world, but this blog is pouring cold water on official optimism that the goal will be hit.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/c21d917d-da1c-4fdf-a963-684f50abc3ef/ECC49B4C-01D0-4CA9-81E5-2760369A39E8/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.nakedcapitalism.com/2009/03/is-chinas-wen-whistling-in-dark.html" href="http://www.nakedcapitalism.com/2009/03/is-chinas-wen-whistling-in-dark.html" style="font-size: 11px;">www.nakedcapitalism.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nakedcapitalism.com/2009/03/is-chinas-wen-whistling-in-dark.html"><DIV>Reader Nivethan pointed to a Bloomberg story, "<A href="http://www.bloomberg.com/apps/news?pid=20601087&sid=al7Y8R0C.ZO0&refer=home">China Says 8% Growth Within Reach Using $585 Billion Stimulus</A>." This may be a tad more significant than it appears (I also looked at <A href="http://www.chinaview.cn/2009lh/">Xinhua</A>, but got the singular, and probably completely unfair impression that Wen's speech to the party Congress was of the "give everyone at least a little something" variety). </DIV><BR /><DIV>What is telling about the Bloomberg piece is that it has Wen saying he can achieve an 8% growth target (necessary to keep unemployment from rising, given the number of new workers each year) using only the previously announced stimulus program.</DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/ECC49B4C-01D0-4CA9-81E5-2760369A39E8/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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