International Agriculture and Trade Outlook No. (WRS-98-3) 68 pp

July 1998

International Agriculture and Trade Report: China, 1998

The Asian financial crisis is pressuring China's economic growth this year. China's labor-intensive export goods are meeting stiff competition from other Asian economies. After averaging 11 percent annually during the past 5 years, China's GDP is expected to drop below the 8-percent target set by the government for 1998. So far, China has resisted pressure to devalue its currency and is investing in its infrastructure sector to stimulate domestic demand.

Keywords: China, International Agriculture

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