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	<title>griferia and Basin Faucets blog</title>
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		<title>Basin Faucets Can Give Your Bathroom or Kitchen a Unique Look</title>
		<link>http://www.cn-faucet.com/blog/basin-faucets-can-give-your-bathroom-or-kitchen-a-unique-look/</link>
		<comments>http://www.cn-faucet.com/blog/basin-faucets-can-give-your-bathroom-or-kitchen-a-unique-look/#comments</comments>
		<pubDate>Tue, 24 Aug 2010 02:15:47 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[YUHUAN LEFANER HARDWARE CO., LTD,  FAUCETS, MIXERS, BRASS FAUCETS, BRASS MIXERS, AMERICA ATANDARD FAUCETS, TAPS, MIXERS, TWO HANDLE KITCHEN BASIN SINK LAVATORY BATHROOM BATHTUB WALL MOUNT FAUCETS MIXE]]></category>

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		<description><![CDATA[Though you might not realize it, basin faucets come in many different shapes and sizes, and you do not always have to choose the mainstream, typical ones when choosing one for your basin or sink. They can really make a &#8230; <a href="http://www.cn-faucet.com/blog/basin-faucets-can-give-your-bathroom-or-kitchen-a-unique-look/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>Though you might not realize it, <strong><span>basin faucets</span></strong> come in many different shapes and sizes, and you do not always have to choose the mainstream, typical ones when choosing one for your basin or sink. They can really make a statement when you are designing (or redesigning) a bathroom and/or kitchen.</p>
<p>They are most commonly made out of metal, though there are some that are made completely out of plastic. Plastic <strong><span><a href="http://www.cn-faucet.com/Basin-Faucets-c1.html">basin faucets</a></span></strong> are some of the least expensive varieties. <strong><span>Basin faucets</span></strong> either come with one or two spouts. If the <strong><span>basin faucets</span></strong> have two spouts, one of them will be for cold water, and the other will be for hot water. If there is only one spout then the faucet will have one or two handles to adjust the water temperature. If you have a large basin in your laundry room, for example, having two <strong><span>basin faucets</span></strong> can be the most convenient because many people use these basins to hand wash clothing, which often needs either hot or cold water. Two spouts can also be used for bathroom sinks, but if the basin is small, the single spout versions can be more convenient for hand washing.</p>
<p><strong><span>Basin faucets</span></strong> can come in a number of different finishes like brass, nickel, polished or oil rubbed bronze and chrome. Finishes like brass or nickel are generally plain and not very expensive, and they are often used in laundry rooms and extra bathrooms. The more expensive finishes are generally ones like oil rubbed bronze, and they are generally used and look nice in master bathrooms and kitchens.</p>
<p>You can buy sleek modern styles or more vintage styles, which are the <strong><span>basin faucets</span></strong> that look like or are antiques. The modern styles are generally made out of nickel or chrome, and they are shiny. These are often seen in kitchens. The antique styles are generally made out of bronze or sometimes brass and they can be dark or shiny, depending on style and time period. Finding <strong><span>basin faucets</span></strong> for a certain room depends on the colors and style that the room has.</p>
<p>Some of the <strong><span>basin faucets</span></strong> also have porcelain or plastic accents. For example, some <strong><span>basin faucets</span></strong> will have plastic knobs to adjust water flow. Others, especially antique ones, will have porcelain knobs or handles, and some of them are even labeled hot and cold. Handles and knobs come in different varieties, such as star shaped, x-shaped, knobs, and pump handles.</p>
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		<title>Wen stands firm on yuan</title>
		<link>http://www.cn-faucet.com/blog/wen-stands-firm-on-yuan-2/</link>
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		<pubDate>Mon, 23 Aug 2010 02:04:21 +0000</pubDate>
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		<description><![CDATA[Premier Wen Jiabao said Sunday that the nation will not bow to pressure from other countries to revalue the yuan because they are using the issue as a tool to curb China’s development. He also cautioned against the possibility of &#8230; <a href="http://www.cn-faucet.com/blog/wen-stands-firm-on-yuan-2/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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<p>Premier Wen Jiabao said Sunday that the nation will not bow to pressure from other countries to revalue the yuan because they are using the issue as a tool to curb China’s development.</p>
<p>He also cautioned against the possibility of rising inflation in the country next year and said that it’s too early to say that the national economy has fully recovered, although many economists have expressed optimism about the country’s GDP growth and inflation control next year.</p>
<p>“We will absolutely not agree to the various calls pressuring us to appreciate the yuan,” he said during an interview with Xinhua News Agency.</p>
<p>“They are, on the one hand, demanding the yuan’s appreciation and, on the other, imposing a variety of trade protectionist measures, which, in essence, is to retard China’s development.”</p>
<p>Despite widespread acknowledgement that free trade helps the global economy, some developed countries have taken measures to block Chinese exports. On Dec 22, for example, the European Union decided to extend dumping duties on leather footwear from China for another 15 months.</p>
<p>By the end of November, 19 countries and regions had launched 103 trade remedy investigations against Chinese products and both the number of the cases and the money involved hit a record, according to the Ministry of Commerce.</p>
<p>A higher yuan would make China’s exports more expensive and products from developed countries cheaper, but Wen said that maintaining the stability of the yuan’s exchange rate is an important contribution to global financial stability and economic development. He cited the 1997-98 Asian financial crisis, during which Beijing’s decision to keep the yuan’s value unchanged is believed to have anchored regional currencies and economies.</p>
<p>Wen said China will, together with other countries, make more efforts to promote global trade since “no one would develop without flow of trade”.</p>
<p>“We need action now,” he said.</p>
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		<title>China’s economy grew 9.6% last year</title>
		<link>http://www.cn-faucet.com/blog/china%e2%80%99s-economy-grew-9-6-last-year/</link>
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		<pubDate>Fri, 20 Aug 2010 02:59:55 +0000</pubDate>
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		<description><![CDATA[China’s economy grew by 9.6 percent, 0.6 percentage points more than earlier estimates, in 2008, the National Bureau of Statistics (NBS) said on Friday after discovering that the service sector had played a greater role than thought earlier. The NBS &#8230; <a href="http://www.cn-faucet.com/blog/china%e2%80%99s-economy-grew-9-6-last-year/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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<p>China’s economy grew by 9.6 percent, 0.6 percentage points more than earlier estimates, in 2008, the National Bureau of Statistics (NBS) said on Friday after discovering that the service sector had played a greater role than thought earlier.<br />
The NBS economic census results also show that the country achieved greater success in reducing its energy intensity, or the amount of energy used to generate each unit of GDP, last year. It used 5.2 percent less energy per unit of GDP, much less than the 4.6 percent as reported earlier.</p>
<p>The country set a goal to cut energy intensity by 20 percent during the 11th Five-Year Plan (2006-10).</p>
<p>“With the revision, the goal is more attainable,” said Yang Fuqiang, director of WWF’s global climate change solutions. Preliminary calculations show energy intensity could be 17 percent lower than the 2005 level by the end of this year, falling by another 4 percent next year, he said, and dismissed concerns over the country’s ability to achieve that goal.</p>
<p>Yang said the decline in energy intensity in 2008 and this year was largely because of the global financial crisis. The country used 3.35 percent less energy to generate each dollar worth of GDP in the first half of this year, the National Development and Reform Commission said in August. Yang said it might drop by another 3 percent in the second half.</p>
<p>With its growing power, China could allot more funds and achieve more technology breakthroughs to help achieve another 20 percent reduction in energy intensity during the 12th Five-Year Plan (2011-15), Yang said.</p>
<p>Despite some concerns over the credibility of the NBS figures, Yang said the revised data were more reliable than previous estimates.</p>
<p>Macro-economic data revisions are not unusual even in other countries. The US, for example, said recently that its third-quarter GDP rose 2.8 percent year-on-year compared with the previous estimate of 3.5 percent.</p>
<p>In the revised data for last year, the service sector accounted for 41.8 percent of China’s GDP, compared with the earlier estimate of 40.1 percent. It is still far less than the levels in Western countries, where it could be more than 70 percent.</p>
<p>“Even in Asia, the sector contributes an average of 45 percent to a country’s economy,” said Zhuang Jian, a senior economist with Asian Development Bank.</p>
<p>Second largest economy?</p>
<p>A likely impact of the revision is that it entered 2009 on a higher statistical base. As a result, a fast-growing China could possibly overtake Japan as the world’s second largest economy more quickly.</p>
<p>The revised GDP of 2008 for China is 31.405 trillion yuan, or $4.6 trillion, according to the market exchange rate, 1.34 trillion yuan more than the earlier estimate, the NBS said. And the World Bank estimates Japan’s economy to be worth $4.9 trillion in 2008, and it has contracted further this year.</p>
<p>If China’s GDP is calculated on the basis of “purchasing power parity”, which attempts to factor in price differences across countries while estimating the size of a foreign economy in US dollars, China may already have become the world’s second largest economy, Zhuang said.</p>
<p>The economic revision will mainly affect the value of this year’s GDP with “minimal” impact on the growth rate, said Peng Zhilong, head of the NBS’ department of national accounts.</p>
<p>China’s economy grew 7.7 percent year-on-year in the first three quarters of this year, which Peng said the government was likely to revise.</p>
<p>And Zhuang said he still had no doubt that this year’s economic growth would be more than 8 percent.</p>
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		<title>MERRY CHRISTMAS!</title>
		<link>http://www.cn-faucet.com/blog/merry-christmas-3/</link>
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		<pubDate>Thu, 19 Aug 2010 03:48:39 +0000</pubDate>
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		<description><![CDATA[MERRY CHRISTMAS!WISH THE WORLD PEACE, ANYONE CAN ENJOY EVERY PEACEFUL CHRISTMAS! IT’S HARD TO MEET THIS WISH, EVERY WORK HARD TOGETHER, WE BELIEVE ONE IT WILL COME. DON’T WISH THESE DAY WILL COME ON THE END OF OUR PLANET.]]></description>
			<content:encoded><![CDATA[<p><a title="Permanent Link to MERRY CHRISTMAS!" rel="bookmark" href="http://www.newview-tattoosupply.com/blog/?p=442">MERRY CHRISTMAS!</a>WISH THE WORLD PEACE, ANYONE CAN ENJOY EVERY PEACEFUL CHRISTMAS!</p>
<p>IT’S HARD TO MEET THIS WISH, EVERY WORK HARD TOGETHER, WE BELIEVE ONE IT WILL COME.</p>
<p>DON’T WISH THESE DAY WILL COME ON THE END OF OUR PLANET.</p>
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		<title>UN climate official: Tough tasks ahead</title>
		<link>http://www.cn-faucet.com/blog/un-climate-official-tough-tasks-ahead-2/</link>
		<comments>http://www.cn-faucet.com/blog/un-climate-official-tough-tasks-ahead-2/#comments</comments>
		<pubDate>Wed, 18 Aug 2010 02:42:24 +0000</pubDate>
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		<description><![CDATA[copied by YUHUAN LEFANER HARDWARE CO., LTD. , an expert of American standard faucet manufacturer in YUHUAN, from CHINADAILY. COPENHAGEN: The political accord that the nations acknowledge at the United Nations Climate Change Conference, or COP15, “is impressive” with a &#8230; <a href="http://www.cn-faucet.com/blog/un-climate-official-tough-tasks-ahead-2/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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<p>copied by <a href="http://www.cn-faucet.com/">YUHUAN LEFANER HARDWARE CO., LTD. , an expert of American standard faucet manufacturer in YUHUAN</a>, from CHINADAILY.<br />
COPENHAGEN: The political accord that the nations acknowledge at the United Nations Climate Change Conference, or COP15, “is impressive” with a number of “significant elements”, Yvo de Boer, executive secretary of UN’s agency in charge of coordinating global effort to tackle climate change, UN Framework on Climate Change, said at COP15’s last press conference held Saturday afternoon.</p>
<p>He explained that the discussion of the draft accord was led by Danish Prime Minister Lars LÃ¸kke Rasmussen, and joined by US President Barack Obama, French President Nicolas Sarkozy, with ministers from some 20 other countries, including China, Brazil and India.</p>
<p>It set the goal for limiting the temperature rise by 2 degrees Celsius, obtained commitment of greenhouse emission cuts by developed countries, engagement of developing countries to mitigate global warming and financial pledges from developed countries to help the most vulnerable countries, de Boer said.</p>
<p>He also admitted the shortfalls of the accord as it is not legally-binding.</p>
<p>It failed to pin down the emission cut targets by industrialized countries as well as developing countries, he said.</p>
<p>The financial pledge has not specified how the rich countries are going to divide the share and where actually the money will come from.</p>
<p>“What is put in place is a letter of intent, a willingness to move forward,” he said, adding that it has also left a lot of work for the nations to do next year in Mexico, where COP16 will be held.</p>
<p>He expressed his frustration that two years’ negotiations with nine meetings and several summits have resulted in a document that should make people all “conscious of huge challenges that lie ahead of us.”</p>
<p>While negotiations move forward, “the science does not move,” he said, meaning that the window of opportunity to be able to slow down the global</p>
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		<title>Preserve the progress in Copenhagen: Wen</title>
		<link>http://www.cn-faucet.com/blog/preserve-the-progress-in-copenhagen-wen-2/</link>
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		<pubDate>Mon, 16 Aug 2010 03:26:09 +0000</pubDate>
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		<description><![CDATA[copied by YUHUAN LEFANER HARDWARE CO., LTD. An expert of American standard faucet manufacturer in TAIZHOU, from chinadaily.com.cn Premier Wen Jiabao yesterday spoke of China’s desire to see progress and consensus reached up to now written into the outcome paper &#8230; <a href="http://www.cn-faucet.com/blog/preserve-the-progress-in-copenhagen-wen-2/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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<p>copied by <a href="http://www.cn-faucet.com/"><span style="color: #b85b5a;">YUHUAN LEFANER HARDWARE CO., LTD. An expert of American standard faucet manufacturer in TAIZHOU</span></a>, from chinadaily.com.cn</p>
<p>Premier Wen Jiabao yesterday spoke of China’s desire to see progress and consensus reached up to now written into the outcome paper from the two-week UN climate change conference in Copenhagen, despite the gloomy expectations hanging over the Danish capital.</p>
<p>Wen said the paper can still provide momentum for future international cooperation and negotiation and he called on negotiators and global leaders to take swift action to lock in achievements made during two years of tough talks aimed at finding a successor to the Kyoto Protocol.</p>
<p>With snow melting in bright sunshine yesterday and with the UN conference entering its crucial final stage, Wen told Danish Prime Minister Lars Lokke Rasmussen and UN Secretary-General Ban Ki-moon that world leaders should make every effort to find common ground.</p>
<p>Wen will likely make his case during his five-minute speech at the UN climate change leaders plenary today. He is also scheduled to make a one-minute statement during the second phase of the plenary.</p>
<p>His stance was praised by Rasmussen, who said: “I hope all the countries will follow China’s example by showing active and responsible attitudes to achieve a positive outcome.”</p>
<p>Sources close to the Chinese delegation said China would like to see all the policy consensus reached so far included in an outcome document – such as carbon emissions reduction targets proposed by developed countries.</p>
<p>China offered to cut carbon intensity by 40-45 percent by 2020 from the 2005 levels.</p>
<p>US President Barack Obama has offered to cut greenhouse gases by 4 percent from 1990 levels by 2020 – or 17 percent against 2005 levels.</p>
<p>The European Union has said it will cut emissions by at least 20 percent against 1990 levels.</p>
<p>“All these targets should be written into the paper for further negotiations,” said the sources in Copenhagen.</p>
<p>During his flight to Copenhagen, Wen told China Daily that Beijing’s target was based on reality and he said China will not lessen its efforts, no matter what outcomes are reached today in Copenhagen.</p>
<p>While huge differences persist among parties at the climate talks, the Chinese government also suggested that disagreements should be included in the outcome document in an effort to push forward future negotiations and discussions, sources said.</p>
<p>The difficult two weeks of negotiations became deadlocked because “some parties intend to kill the Kyoto Protocol and endanger international cooperation”, said Chinese chief climate change negotiator Su Wei.</p>
<p>Wen has been working hard to find a way forward, including his meeting with his Danish counterpart and the UN secretary-general yesterday, but he admitted several focused problems – mainly between developed countries and developing nations – blocked progress.</p>
<p>“China will continue to support the efforts made by the host, and will work closely with all parties in pushing for a positive outcome from the summit,” Wen told Rasmussen.</p>
<p>He also said China will continuously support the efforts of the UN secretary-general in achieving a positive outcome.</p>
<p>Ban said Premier Wen arrived at a critical time, with the UN climate meeting at a final and crucial stage.</p>
<p>“During the past two years, worldwide negotiators have made efforts in forming a final document on dealing with climate change, a deal that is currently under busy preparation,” Ban said. “I hope you can make good use of your strong leadership in achieving that.”</p>
<p>Meetings between Wen and leaders from South Africa, the United Kingdom and Germany are also being arranged.</p>
<p>Wen has also been trying to build a consensus among other parties from small island countries, African nations and other developing countries.</p>
<p>“All these countries are most vulnerable to climate change and the international community should deliver a helping hand in the form of capital and technology transfer in an urgent manner,” Wen said during a group meeting with five such countries.</p>
<p>On a different occasion, Wen said China will help these countries in the framework of South-South cooperation.</p>
<p>“We used to focus on agricultural and medical areas and the next is tackling climate change.”</p>
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		<title>Save this Iso Grifo–Manchester, Vermont</title>
		<link>http://www.cn-faucet.com/blog/save-this-iso-grifo%e2%80%93manchester-vermont/</link>
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		<pubDate>Mon, 09 Aug 2010 02:28:18 +0000</pubDate>
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		<description><![CDATA[So I was hanging out with Lentinello at the Mt. Equinox hillclimb on Saturday (more on that when we have some video ready), and he was BSing with Dave Brownell. Brownell was a longtime SIA editor, and currently works for &#8230; <a href="http://www.cn-faucet.com/blog/save-this-iso-grifo%e2%80%93manchester-vermont/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>So I was hanging out with Lentinello at the Mt. Equinox hillclimb on Saturday (more on that when we have some video ready), and he was BSing with Dave Brownell. Brownell was a longtime SIA editor, and currently works for Gooding &#038; Co., among his other hats. He mentioned that the guy who works on his Bentley (yeah, I know. Shout out to Jack Hoag, who works on my Subaru) had an Iso Rivolta behind his shop, outside with a board over it.</p>
<p>Well, Brownell was all wrong–it wasn’t a two-plus-two Rivolta, but the incredibly valuable <a href="http://www.cn-faucet.com/">Grifo</a> coupe. Gunther, the mechanic, said a Chicago-area man brought it to him about 11 years ago to restore, but since then has never started cutting checks. But the kicker is that he won’t sell it, either.</p>
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		<title>Wen stands firm on yuan</title>
		<link>http://www.cn-faucet.com/blog/wen-stands-firm-on-yuan/</link>
		<comments>http://www.cn-faucet.com/blog/wen-stands-firm-on-yuan/#comments</comments>
		<pubDate>Mon, 28 Dec 2009 08:11:39 +0000</pubDate>
		<dc:creator>faucet</dc:creator>
				<category><![CDATA[AMERICAN STANDARD FAUCETS]]></category>

		<guid isPermaLink="false">http://www.cn-faucet.com/blog/?p=448</guid>
		<description><![CDATA[Premier Wen Jiabao said Sunday that the nation will not bow to pressure from other countries to revalue the yuan because they are using the issue as a tool to curb China&#8217;s development. He also cautioned against the possibility of &#8230; <a href="http://www.cn-faucet.com/blog/wen-stands-firm-on-yuan/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>Premier Wen Jiabao said Sunday that the nation will not bow to pressure from other countries to revalue the yuan because they are using the issue as a tool to curb China&#8217;s development.</p>
<p>He also cautioned against the possibility of rising inflation in the country next year and said that it&#8217;s too early to say that the national economy has fully recovered, although many economists have expressed optimism about the country&#8217;s GDP growth and inflation control next year.</p>
<p>&#8220;We will absolutely not agree to the various calls pressuring us to appreciate the yuan,&#8221; he said during an interview with Xinhua News Agency.</p>
<p>&#8220;They are, on the one hand, demanding the yuan&#8217;s appreciation and, on the other, imposing a variety of trade protectionist measures, which, in essence, is to retard China&#8217;s development.&#8221;</p>
<p>Despite widespread acknowledgement that free trade helps the global economy, some developed countries have taken measures to block Chinese exports. On Dec 22, for example, the European Union decided to extend dumping duties on leather footwear from China for another 15 months.</p>
<p>By the end of November, 19 countries and regions had launched 103 trade remedy investigations against Chinese products and both the number of the cases and the money involved hit a record, according to the Ministry of Commerce.</p>
<p>A higher yuan would make China&#8217;s exports more expensive and products from developed countries cheaper, but Wen said that maintaining the stability of the yuan&#8217;s exchange rate is an important contribution to global financial stability and economic development. He cited the 1997-98 Asian financial crisis, during which Beijing&#8217;s decision to keep the yuan&#8217;s value unchanged is believed to have anchored regional currencies and economies.</p>
<p>Wen said China will, together with other countries, make more efforts to promote global trade since &#8220;no one would develop without flow of trade&#8221;.</p>
<p>&#8220;We need action now,&#8221; he said.</p>
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		<title>China&#8217;s economy grew 9.6% last year</title>
		<link>http://www.cn-faucet.com/blog/chinas-economy-grew-9-6-last-year/</link>
		<comments>http://www.cn-faucet.com/blog/chinas-economy-grew-9-6-last-year/#comments</comments>
		<pubDate>Sat, 26 Dec 2009 02:58:19 +0000</pubDate>
		<dc:creator>faucet</dc:creator>
				<category><![CDATA[AMERICAN STANDARD FAUCETS]]></category>

		<guid isPermaLink="false">http://www.cn-faucet.com/blog/?p=446</guid>
		<description><![CDATA[China&#8217;s economy grew by 9.6 percent, 0.6 percentage points more than earlier estimates, in 2008, the National Bureau of Statistics (NBS) said on Friday after discovering that the service sector had played a greater role than thought earlier. The NBS &#8230; <a href="http://www.cn-faucet.com/blog/chinas-economy-grew-9-6-last-year/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>China&#8217;s economy grew by 9.6 percent, 0.6 percentage points more than earlier estimates, in 2008, the National Bureau of Statistics (NBS) said on Friday after discovering that the service sector had played a greater role than thought earlier.<br />
The NBS economic census results also show that the country achieved greater success in reducing its energy intensity, or the amount of energy used to generate each unit of GDP, last year. It used 5.2 percent less energy per unit of GDP, much less than the 4.6 percent as reported earlier.</p>
<p>The country set a goal to cut energy intensity by 20 percent during the 11th Five-Year Plan (2006-10).</p>
<p>&#8220;With the revision, the goal is more attainable,&#8221; said Yang Fuqiang, director of WWF&#8217;s global climate change solutions. Preliminary calculations show energy intensity could be 17 percent lower than the 2005 level by the end of this year, falling by another 4 percent next year, he said, and dismissed concerns over the country&#8217;s ability to achieve that goal.</p>
<p>Yang said the decline in energy intensity in 2008 and this year was largely because of the global financial crisis. The country used 3.35 percent less energy to generate each dollar worth of GDP in the first half of this year, the National Development and Reform Commission said in August. Yang said it might drop by another 3 percent in the second half.</p>
<p>With its growing power, China could allot more funds and achieve more technology breakthroughs to help achieve another 20 percent reduction in energy intensity during the 12th Five-Year Plan (2011-15), Yang said.</p>
<p>Despite some concerns over the credibility of the NBS figures, Yang said the revised data were more reliable than previous estimates.</p>
<p>Macro-economic data revisions are not unusual even in other countries. The US, for example, said recently that its third-quarter GDP rose 2.8 percent year-on-year compared with the previous estimate of 3.5 percent.</p>
<p>In the revised data for last year, the service sector accounted for 41.8 percent of China&#8217;s GDP, compared with the earlier estimate of 40.1 percent. It is still far less than the levels in Western countries, where it could be more than 70 percent.</p>
<p>&#8220;Even in Asia, the sector contributes an average of 45 percent to a country&#8217;s economy,&#8221; said Zhuang Jian, a senior economist with Asian Development Bank.</p>
<p>Second largest economy?</p>
<p>A likely impact of the revision is that it entered 2009 on a higher statistical base. As a result, a fast-growing China could possibly overtake Japan as the world&#8217;s second largest economy more quickly.</p>
<p>The revised GDP of 2008 for China is 31.405 trillion yuan, or $4.6 trillion, according to the market exchange rate, 1.34 trillion yuan more than the earlier estimate, the NBS said. And the World Bank estimates Japan&#8217;s economy to be worth $4.9 trillion in 2008, and it has contracted further this year.</p>
<p>If China&#8217;s GDP is calculated on the basis of &#8220;purchasing power parity&#8221;, which attempts to factor in price differences across countries while estimating the size of a foreign economy in US dollars, China may already have become the world&#8217;s second largest economy, Zhuang said.</p>
<p>The economic revision will mainly affect the value of this year&#8217;s GDP with &#8220;minimal&#8221; impact on the growth rate, said Peng Zhilong, head of the NBS&#8217; department of national accounts.</p>
<p>China&#8217;s economy grew 7.7 percent year-on-year in the first three quarters of this year, which Peng said the government was likely to revise.</p>
<p>And Zhuang said he still had no doubt that this year&#8217;s economic growth would be more than 8 percent.</p>
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		<title>MERRY CHRISTMAS!</title>
		<link>http://www.cn-faucet.com/blog/merry-christmas-2/</link>
		<comments>http://www.cn-faucet.com/blog/merry-christmas-2/#comments</comments>
		<pubDate>Fri, 25 Dec 2009 01:09:34 +0000</pubDate>
		<dc:creator>faucet</dc:creator>
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		<description><![CDATA[WISH THE WORLD PEACE, ANYONE CAN ENJOY EVERY PEACEFUL CHRISTMAS! IT&#8217;S HARD TO MEET THIS WISH, EVERY WORK HARD TOGETHER, WE BELIEVE ONE IT WILL COME. DON&#8217;T WISH THESE DAY WILL COME ON THE END OF OUR PLANET.]]></description>
			<content:encoded><![CDATA[<p>WISH THE WORLD PEACE, ANYONE CAN ENJOY EVERY PEACEFUL CHRISTMAS!  </p>
<p>IT&#8217;S HARD TO MEET THIS WISH, EVERY WORK HARD TOGETHER, WE BELIEVE ONE IT WILL COME.</p>
<p>DON&#8217;T WISH THESE DAY WILL COME ON THE END OF OUR PLANET.</p>
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