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Business snippets
China expects 8pc growth in 2006
3/13/2006
BEIJING, Mar 12: China targets an 8 per cent economic growth this year and will take measures to keep the development "fast" and "steady", Chinese Premier Wen Jiabao said recently. The projected growth rate is 1.9 percentage points lower than the actual growth in 2005, but is higher than the targeted annual growth of 7.5 per cent for the 11th Five-Year Plan period (2006- 2010). Wen made the projection while delivering the annual work report of the government to 2,927 deputies at the opening ceremony of the Fourth Session of the Tenth National People's Congress, China's top legislature, at the Great Hall of the People. --- CEIS
Eurozone data points to deepening recovery
BRUSSELS, Mar 12: Eurozone indicators to be released in the coming week will show hard evidence that economic recovery in the 12-nation bloc is taking hold as well as signs that future prospects remain bright, economists said. At the same time, headline inflation is expected to ease in the eurozone overall, even if the European Central Bank's (ECB) preferred measure of the core level, which excludes food and energy, is forecast to post a slight rise. ---AFP
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