Goldman Sachs Group Inc. raised its forecast for China’s economic growth this year to 9.4 percent, citing “strong momentum” and the likelihood that the government will delay tightening policy. Hong Kong-based economist Michael Buchanan said China may expand 11.9 percent in 2010.
Economies in Asia excluding Japan will grow 5.6 percent this year, and 8.6 percent in 2010, Goldman Sachs said, lifting its forecasts. Goldman left its forecast for India’s growth unchanged in the current fiscal year, and raised it to 7.8 percent for the 12 months ending March 2010.
As of the first half of 2009, a total of 7,467 small thermal [coal] power units had been shut down, and their installed capacity totaled 54.07 million kW, with annual sulfur dioxide emissions reduced by 1.06 million tons and carbon dioxide by 124 million tons
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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