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PAGE C1 THE ENGINES OF CHINA'S GROWTH China's boom has been fueled by what Leslie T. Chang calls the "the largest migration in human history" -- the movement of millions of migrant workers into the country's cities.
Despite its fevered growth, China still has one of the lowest rates of inflation in Asia.
After 35 years of extraordinary economic growth, China is still growing at 7% annually.
In its quest for superhuman economic growth, China has despoiled its air and rivers.
MR. ELLIOTT suggested taking the same roundabout route when trying to benefit from another engine of global growth: China.
Through strong – and targeted – growth, China has been able to bring 600 million people out of poverty.
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ENGINE OF GROWTH … China is the world's second-biggest economy behind the US, but in terms of who powers growth in the global economy, China is way out ahead.
Morgan Stanley has penciled in average economic growth for China of 8 percent a year between 2010 and 2020, down from 10.3 percent between 2000 and 2009.
The company's valuation is likely to be well under 15 times earnings for a company with strong growth potential (China Life has a price-earnings ratio of 24).
They also underpin the steady growth of China-Britain relations.
Tariffs have been coming down for years, helping drive brisk growth in China-ASEAN trade.
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