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The announcement by Prime Minister Wen Jiabao to the Popular Congress that Chinese economic growth is likely to fall from 9.2 last year to only 7.5 per cent in 2012 has immediately led to a sharp decline of the shares of the world`s mining companies that anticipate lower Chinese production of steel, copper, aluminium etc.
China has become the world`s biggest C02 emitter country and is likely to remain so in the future whatever evolution of its GDP. But lower economic growth will slow down the rise of C02 emissions and make it easier for China to become more “climate-friendly”, one of the declared objectives of Chinese economic policy.
Of course, Chinese GDP forecasts have regularly proved too prudent. But the trend towards slower growth seems irreversible. The era of two-digit growth rates belongs to the past. Economic growth should progressively descend to no more than 6 per cent annually which – […]

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