Word: gdp
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...help keep housing prices in check. "As the property market is recovering rapidly this year, housing prices in some cities are rising too fast, which deserves the great attention of the central government," he told Xinhua, the state-run news service. During Thursday's press conference announcing the 2009 GDP numbers, Ma too acknowledged that "the price of real estate in some cities is growing too fast...
...property markets are a growing piece of the Chinese economy. The total value of property sales in 2009 - $644 billion - equals one-eighth of the total GDP for the year. That growing reliance is not only hard to cut back on, but it creates a further risk, adds Xie. "The Chinese economy is so dependent on property, but property is not a productive asset. It doesn't have a long-term benefit for the country's economic production...
...back to work fairly soon after the disaster. The massive rebuilding effort also provided direct investment and job opportunities. Several of the dislocated people I met in the temporary camps had family members working on reconstruction. Overall the quake region produced less than 1% of China's GDP, so it did little to slow the national growth engine. A chief concern was that rebuilding would contribute to inflation. That was largely forgotten over the past year...
...most places, a business deal that goes sour can get you fired. In Vietnam, it could cost you your freedom. For decades, Vietnam's economic growth has been the envy of its developing neighbors in southeast Asia. In the last 20 years, GDP growth has fallen only once below 5%, typically hovering around 8% as the single-party state has attracted tens of billions of dollars in foreign investment and seen poverty rates drop below that of India, China and the Philippines...
...first half will be dominated by government stimulus and by inventory accumulation or a lack of [inventory] liquidation among businesses. I expect nothing from consumer [spending] and nothing really from housing or really any of the standard cyclical leading sectors. It's hard to put a number on GDP growth rates, but let's say 4% in the first half and then 2% in the second half, which would basically call for some additional help. (See TIME's 2009 Person of the Year: Federal Reserve Chairman Ben Bernanke...