The deterioration in manufacturing efficiency by comparison with the leading industrial countries, under way since the mid-1990s, has been aggravated in recent years. Between 2000 and 2003, total factor productivity in industry fell by about 1 per cent a year.
Media reports of China increasing its agricultural imports from the USA and the USA going slow on its proposal to levy new tariffs on Chinese imports, I hope, will bring in a lot of certainty in the global trade and growth spheres. 11.