The chairman of Chinese Central Bank, has called the year 2010 as the key year for Chinese economy.
The east asian country, has done itself proud by registering a profound magnetic stamp during recession. The world was struggling, was beating all odds , was indulging in bailout packages, was mires in failures and collapses,but the two most populated nations, hiterto termed as poverty stricken countries, stood like a rock, unperturbed, and undisturbed. needless to say, that these two nations are China and India.
Zhou xi oo Chuan,has given out that the credit policy would be relaxed. It would cater to the expansion of domestic market,and of course will take care of the agricultural sector.
In 2009, the GDP was 9%.
In 2010, it would marginally slide to 8.
The interest rate would be hiked , but that would be done only in the second half of the year.
China beams with pride, rejoices with accolades, resurges with admiration, reflectsits past status.
The wheel of fortune turns.
During this decade it is Asian countries that will recapture their one time glory and ettle in high spirits.