Hopes for 2010

By LIU WEI

Maybe its because Iwork for a financialinstitution in Beijingthat I like to keeptabs on Chinas macroeconomic situationand the development of its capitalmarket. An economic review published inOctober 2009 said that Chinas actual retaildata of the past two years was far betterthan that of some developed economies.Its very possible that in 2010, Chineseconsumption will rise, and that industrieslike the food and beverage industry willplay a large part in this increase. Automobilesales should see a sharp increase,too. According to this analysis, Chinasreal economy keeps recovering, and itsmonetary and credit growth is still powerful.As a result, I and many of my peers areconfident about Chinas economic growthfor 2010.