TITLE

China's economic growing pains

PUB. DATE
July 1993
SOURCE
U.S. News & World Report;7/26/93, Vol. 115 Issue 4, p11
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Speculates that China's economy, the third largest in the world, is growing too fast, creating a soaring demand for credit that is pushing up urban inflation to about 20 percent a year. Zhu Rongji, 65, China's vice premier and money czar, is trying to regain control by limiting credit and raising interest rates. Economy is decentralizing; Possible unrest if a credit crunch occurs.
ACCESSION #
9307200142

 

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