Beijing Touts China's Recovery Status and Plan

There are several articles out today on the Chinese government's positive comments on its recovery and project 8% growth rate for this year.

The article linked below from Forbes is the best example of these reports. In it a top figure in China's economic planning body says the government has a handle on the economic situation and still has additional measures it can take if necessary. The article describes well the tax reductions Beijing has implemented to help manufacturers.

He also touches on domestic consumption in China and exchange rates which should be stable for the foreseeable future. Here's the very interesting article on this good news for the global economy.

http://www.forbes.com/2009/05/18/china-stimulus-growth-markets-economy-recovery.html