) - continues to shed labour. This implies impressive gains in labour productivity and, given the general wage restraint, in unit … productivity and quality improvements this danger is not imminent in most NMS yet. Still the exchange rate developments should be …

, the Slovak Republic, Slovenia, Serbia and Montenegro, Romania, Russia, Turkey, Ukraine, and China). A short analysis of …; quite an abrupt deterioration in industrial labour productivity; and real currency appreciation and a resulting strong rise …-nationalization and the lacklustre programme of the new government. China continues to register extremely rapid GDP growth, despite some …

. In China, GDP grew by nearly 10% driven by both external and domestic demand. A slight growth deceleration is expected …

quarter of 2006 than in 2005. Investment accelerated sharply and industry is proving buoyant. Labour productivity has …

productivity and downward pressure on wages from excess supply of labour. The expectation of sustained growth is supporting growth … since the 'orange revolution'. In China, GDP grew by 10.7%, driven by investment and an exploding trade surplus but …

stability in the country remain bleak. GDP grew by 11.1% in China in the first quarter of 2007, faster than expected by most …