Bangkok--22 Aug--Standard & Poor's Ratings Services
Standard & Poor's Ratings Services today published an article that said China's GDP growth in 2006 should be about 10.5%.
This reflects expectations that growth in the second half of the year would come in at less than the 10.9% and 11.3% rates in the first and second quarters, respectively. The article, titled "Chinese Economy Continues Its Surge," says that brisk investment and large credit growth have indicated an overheating of the economy, and the monetary authorities have stepped in early in this cycle.
The report is available to subscribers of RatingsDirect, the real-time Web-based source for Standard & Poor's credit ratings, research, and risk analysis, at www.ratingsdirect.com . If you are not a RatingsDirect subscriber, you may purchase a copy of the report by calling (1) 212-438-9823 or sending an e-mail to [email protected] . Ratings information can also be found on Standard & Poor's public Web site at www.standardandpoors.com ; under Credit Ratings in the left navigation bar, select Find a Rating, then Credit Ratings Search. Members of the media may request a copy of this report by contacting the media representative provided.
Media Contact:
David Wargin, New York (1) 212-438-1579
[email protected]
Analyst Contact:
Ping Chew, Singapore (65) 6239-6345