China: Active fiscal policy and rising external demand may halt decline in growth
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In 1999, the Chinese economy grew by 7.1%. Although high by international standards, this was the lowest growth rate since 1990 and the decline since the decade¿s peak of 14.2% in 1992 has continued. Behind this was sluggish domestic demand, in particular investment, while exports began to recover in the second half of the year and supported growth. For the year 2000, a slightly higher growth rate of 7.3% is expected, reversing the declining trend.
Countries covered: China