China’s 4-Step Plan to Even Better Economic Growth in 2007

10% growth is not enough.

The central government is adopting new policies that will keep China's growth in the double digits yet ensure it is 'stable growth.'

1. China wants to increase domestic consumption by investing more in rural areas to help farmers earn more.

2. China plans to spend more money on the unemployed, lower-income families. Those families will need to save less and then can spend more.

3. China will combat the trade surplus by increasing imports and encouraging overseas investment.

4. China will try to face up to environmental degradation.

The worldwide economy is growing at 3.9-4.9%. China and India are at the front with 10 and 9% respectively.

It looks to be more of the same next year.

What do you think?