Friday, July 18, 2003

China's Economic Growth

U.N. says World can't afford rich China: China's ambitious economic growth plans are environmentally unachievable because the world does not have enough resources to allow its 1.3 billion people to become Western-style consumers, a U.N. official has said.

260 billion eggs and the world's entire catch of fish: . . . Take the Chinese government's attempts to get its people to eat more healthily. Beijing has been aiming to encourage every Chinese person to eat 200 eggs a year—a total of 260billion eggs. To produce that many eggs, a flock of 1.3 billion chickens is needed. To keep the chickens fed, a grain crop bigger than that produced by Australia is necessary.

China sees car production surge: Passenger car output in China rose last month (June) by 83 per cent on the same time a year earlier. The 179,200 vehicles assembled in June this year also represent a thirteen per cent improvement on May's production levels.

UPDATE—China's growth no threat to world: China's ability and resolve to press ahead with its own approach to overall development should not be underestimated.

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