Sunday, January 30, 2005

Chinese incomes to triple in 15 years

From The Age (Australia): China's per capita income will triple over the next 15 years, a senior Chinese official said, expressing confidence that aiming for annual growth rates of 8 per cent in the years ahead will not cause the economy to overheat.

Addressing hundreds of corporate executives and political leaders Saturday at the World Economic Forum annual meeting, Chinese Vice Premier Huang Ju assured China's stunning economic growth will not trigger any designs on other countries in the region.

"China will by no means pose a threat to others. The earth is a common home to all of us," he said.