China the unstoppable

By Incorrect Author 23 October 2009

China is back to its frightening numbers game: the economy grew 8.9% in this quarter from the same one last year. Its car market grew 34% to 9.66 million sales, where just about every other country's almost died. China’s car market is now the world's biggest. Retail sales growth was up 15.1% and what is even more important is the way these numbers were achieved: no paper shuffling, derivatives, or virtual profits - just plain good old investment. Almost 88% of GDP growth came from corporations investing money in the real economy, not the imagined one. The appetite was so strong that investment in factories, construction and other fixed assets rose by 33% for the third year.Read more: AP


While we have your attention...

An increasingly rare commodity, quality independent journalism costs money - though not nearly as much as its absence.

Every article, every day, is our contribution to Defending Truth in South Africa. If you would like to join us on this mission, you could do much worse than support Daily Maverick's quest by becoming a Maverick Insider.

Click here to become a Maverick Insider and get a closer look at the Truth.

Election 2019

Maimane takes hardline on illegal immigration at DA’s 2019 campaign manifesto launch

By Ferial Haffajee

Canola oil is named such as to remove the "rape" from its origin as rapeseed oil.