China Must Act On Rights For Sake Of Economy

POLITICAL ECONOMY

China's economy earlier this year became the world's fourth-largest economy, after that of the United States, Japan and Germany.

by Staff Writers
Lisbon (AFP) Oct 09, 2006
China needs to improve civil liberties if it wants to maintain a high rate of economic growth, European Union Trade Commissioner Peter Mandelson said in an interview published Monday in Portugal. "I believe that if China wants to have sustainable economic growth it must take steps to increase the freedoms and the creativity of its people," he told daily business newspaper Diario Economico.

The former British cabinet minister also called on China to do more to reduce barriers to the entry of overseas investors and exporters to its market.

"If Peking wants its partners to maintain their openness to China, it must adopt reciprocal measures," he said.

With a national economic output of 2.26 trillion US dollars (1.79 trillion euros), China's economy earlier this year became the world's fourth-largest economy, after that of the United States, Japan and Germany.

Earlier this month China's central bank estimated that the nation's economy should grow by 10.5 percent this year, after expanding 10.2 percent in 2005.

Source: Agence France-Presse

POLITICAL ECONOMY

Female Entrepreneur Tops China Rich List

Shanghai (XNA) Oct 12, 2006
A female entrepreneur has topped a list of China's richest people, the first time a woman has headed the list in the country. Zhang Yin, 49-year-old founder and chairwoman of Guangdong-based Nine Dragons Paper Industries Co., Ltd., has amassed a fortune of 27 billion yuan (3.375 billion U.S. dollars).

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