How much impact will China achieving 8 percent GDP growth have on the world economy?
Fan: The economic stimulus plan has started to show results with some industries recovering. For instance, auto sales have grown by 25 percent, and the actual growth rate of investment has speeded up, increasing from 15 percent in the previous year to 23 percent. In addition, the sales volume of the real estate industry has began to pick up, unemployment is not so serious, and individual consumption can still maintain growth. At the same time, declines in iron, steel and energy consumption began to slow, and growth in these sectors was expected to have taken place in March. The traffic and transportation sector has also recovered, and economic indicators such as power consumption have begun to make a gradual recovery. It is predicted that the Chinese economy will show clear growth in the second and third quarters. All of these industries indicate that the Chinese economy has begun to improve, and are also favorable conditions for achieving the goal of achieving 8 percent GDP growth. Ho
