China's GDP May Fall to 7% Because of SARS Crisis
China's GDP growth, hit hard by the SARS crisis, may
fall to 7% this year.
According to a projection by the Asian Development Bank,
the SARS crisis has had a substantial effect on the Chinese
economy. In the first quarter of this year, China's economy
grew by 9.9%.
Many of the Southeast Asian countries were hoping that
China's economic growth would stimluate purchase of raw
materials, but their hopes have been dashed by this unforeseen
crisis. China has become an especially important important
importer of Malaysia's palm oil and Thailand's construction
materials.
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