Then, last month, China said its economy grew 9.9% in 2005. And statistics showed that China, which last year leapfrogged Italy and France, had overtaken the U.K. to become the world's fourth-largest economy, following the U.S., Japan and Germany."
Friday, February 17, 2006
WSJ.com - Will red-hot China plays end up burning Hong Kong investors?
"Many of the hottest China plays are those tapping its rapidly growing consumer spending power. Fueling what some analysts call a 'China consumption mania' was December's revelation from the National Bureau of Statistics that the economy was 16.8% larger than previously stated, mostly because of undercounting of output in the services sector.
Then, last month, China said its economy grew 9.9% in 2005. And statistics showed that China, which last year leapfrogged Italy and France, had overtaken the U.K. to become the world's fourth-largest economy, following the U.S., Japan and Germany."
Then, last month, China said its economy grew 9.9% in 2005. And statistics showed that China, which last year leapfrogged Italy and France, had overtaken the U.K. to become the world's fourth-largest economy, following the U.S., Japan and Germany."
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