From: news.xinhuanet.com
May 17, 2008 12:27 Beijing Time
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Special report: Strong Earthquake Jolts SW China     

    BEIJING, May 17 (Xinhua) -- Profit for China's listed companies may grow 20 percent this year despite the strong quake that shook southwest China, according to a senior official with JPMorgan Chase.

    "The quake would have limited effect on the national GDP growth and further tightening on the economy is unlikely in the second half of this year," Li Jing, China head of JPMorgan Chase said at a press conference held on Friday.

    "Sichuan is a major province that provides farm produces like pork, a staple meat for Chinese people, and the consumer prices in the southwest region might rise substantially," she said.

    "The regional gross domestic product (GDP) growth would also be affected in the second quarter but its GDP makes up only a minor part of the national GD...

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