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ECONOMIC POLICY WON'T CHANGE VIS-A-VIS CHINA: KOREAN MINISTER.

AsiaPulse News

| May 03, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, May 3 Asia Pulse - The Chinese economy is expected to grow by 8 per cent, with domestic demand likely to remain robust, Finance and Economy Minister Lee Hun-jai said today.

Speaking to reporters at the Gwacheon Government Complex, Lee said measures by China to cool down its economy were preemptive, and that such measures will allow for a soft landing.

Although South Korea will be affected by this in the short run, he said, there was no need to overreact to China's moves. Lee said that preventing sharp growth on the mainland will likely help South Korea economically in the long run.

"Having said this, we must not be complacent because of the high degree of dependence on the Chinese ...

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Source: HighBeam Research, ECONOMIC POLICY WON'T CHANGE VIS-A-VIS CHINA: KOREAN MINISTER.

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