Lucky no. 8: China strives to reach its growth goal

Wednesday, March 18, 2009

In China, the number 8 means luck. And the Chinese government has been insisting that the economy will grow no less than 8% this year, but the impact of the global economic slowdown is starting to effect China. Now the World Bank estimates China's growth figure for this year will be closer to 6.5%, which isn't lucky at all. Particularly since many analysts say 8% is the threshold growth China needs in order to stave off political unrest. For more, The Takeaway talks to Quentin Somerville, the BBC's correspondent in Beijing.

For another look at the importance of the number 8, watch the classic Schoolhouse Rock song "Figure Eight."


Quentin Somerville

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