Growth in Asia continues to be key for 2012

China, the giant Asian economy which appears unstoppable, recorded a 9.2% growth in GDP in 2011. Although the figure was less than that of 2010, it was still good enough to bring about an appropriate positive impact on economic developments in Asia and also on a global scale. Fixed capital continued...

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Bibliographic Details
Published inSteel times international Vol. 36; no. 2; p. 14
Main Author Iwase, Nobuhisa
Format Journal Article
LanguageEnglish
Published Redhill Quartz Business Media Ltd 01.03.2012
Subjects
Asian
Automobile industry
China
Economic development
Economic growth
Economics
Exports
Governments
Growth rate
Inflation
Markets
Production capacity
Steel industry
Steel production
Steel products
Steels
South Korea
Japan
Taiwan
Korea
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Summary:China, the giant Asian economy which appears unstoppable, recorded a 9.2% growth in GDP in 2011. Although the figure was less than that of 2010, it was still good enough to bring about an appropriate positive impact on economic developments in Asia and also on a global scale. Fixed capital continued to lead the country's economy with an increase of 16.1% in real terms and 23.8% in nominal terms. The Chinese government has attempted to curb the progressive overheating of the country's economic development, which is causing a bubble in real-estate markets, and also is trying to control inflation as a priority. Based on the statistical figures announced by the government, measures to promote a 'soft-landing' of the economy have been successful to a certain extent.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
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ISSN:0143-7798