Wednesday, March 17, 2010

China's Economy Projected to Grow

CHINA'S economy is projected to grow 9.5 percent on an annual basis this year, the World Bank said yesterday, in a huge vote of confidence for the nation's fiscal policies.

It expects a shift in composition from government-led investment to a mixture of solid consumption, recovered exports and stable private spending.

With China's economy projected to grow yet again, consumers are going to have more money that they are going to be able to spend. The affect that it will have is an increase in the aggregate demand curve because there in more money in the economy. If in keeps at this pace they will soon be number one the GDP rankings.

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