This slowdown, together with new capacity, is likely to have a material impact on global demand for commodities over the next two years, |
We expect growth in fixed investment to slow from 27 percent last year to 15 percent in 2004 and around 10 percent in 2005, |
We need to read this with caution, this is largely a reflection of the Chinese New Year distortion, therefore we should not see it as a pick up in inflation. |
You could say China is actually 20 percent richer than anybody initially thought. |