China may be on course for economic slowdown in 2004

Standard & Poor's Ratings Services said today that mainland China's industrial sector is likely to maintain a high rate of earnings growth in the second half of the year, but the momentum could slow in 2004 as commodity prices stabilize and inward investment cools down, according to a report on major corporations in China released today by Standard & Poor's.

Standard & Poor’s Ratings Services said today that mainland China’s industrial sector is likely to maintain a high rate of earnings growth in the second half of the year, but the momentum could slow in 2004 as commodity prices stabilize and inward investment cools down, according to a report on major corporations in China released today by Standard & Poor’s.

Based on publicly available information, the report reviews the financial trends of the country’s top 50 companies.

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