China Fund

	China's GDP Growth
	Since 1980, China's GDP has grown nearly 8 percent per year, outperforming any other country at any time in history for such a sustained period of time. Forecast 2003 GDP growth is 8.3 percent despite the outbreak of sudden acute respiratory syndrome (SARS) and the war in Iraq. This exceeds the government forecast of 7 percent. GDP growth for 2004 is expected to continue the upward trend and hit an estimated 8.5 percent, according to analysts with the State Information Center. The government has a goal to double GDP by 2020. To achieve this, China needs an average annual growth rate of 7 percent, which several prominent analysts believe is attainable. China's accession into the WTO and robust increases in foreign direct investment are cited as driving factors behind the country's continued growth. Foreign investment for 2003 is anticipated to be $57 billion, up from $52 billion in 2002.

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