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PACIFIC WATCH

China

February 27, 1995| Times Staff and Wire Reports

Chinese Predict Stable Economy in '95: The State Information Center forecast the gross domestic product would grow 10.6% in the first three months this year, 1.2 percentage points lower than the same period for 1994, the official China Daily newspaper reported. After a year of 24% inflation, the projection for 1995 is that retail price rises will be less than 20%. The center said the economic pace of China's eastern provinces--including Shandong, Fujian and Zhejiang, will outpace western regions. Western provinces--such as Henan, Hubei and Jiangxi--face extra burdens of a relatively high inflation rate and low industrial growth.

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