Push and Pull： Opposing Forces on China＇s Growl

IN the second half of 2011,the European debt crisis spread further,sending shockwaves throughout the world and dragging down the global economic recovery. The world is turning its gaze from the U.S. with its sluggish economic recovery and Japan with its lasting depression to emerging economies like China and Brazil. The momentum of China’s economic growth will not only become the main concern of China’s major trade partners,but will also be a focus of world major transnational corporations’ attention.     

A Retrospective Look at 2012 China-EU Relations

IT’S a fact that underscores the rebalancing of the world economic order:The European Union is China’s Ilargest trading partner,and China is the European Union’s second-largest,after the United States.In 2012,China maintained relatively rapid economic growth,while the EU struggled over member states’debt crises.Though last year was not remarkable in terms of China-EU trade volume,it did see the     

China a Key Engine of Global Economic Growth

IT’S four years since the onset of the global financial crisis,and the extent to which the world economy stays afloat on China’s economic buoyancy has grown only more pronounced. The cyclical nature of China’s economic growth     

Exchanges

7.8Percent Statistics from the National Bureau of Statistics show that China’s GDP grew by 7.8 percent in 2012. Although the growth rate is lower than that of 2011, it is still the highest among leading world economies and China’s contribution to the world’s economic development is increasing. According to the latest forecast by the IMF, the global     

China Rightto Set Lower Growth Target

THE reduction of China’s 2012 growth target to 7.5 percent from the eight percent of recent years headlined the international media coverage of PremierWen Jiabao’s report to the National People’s Congress. The announcement was greeted with fallson international stock markets - simultaneously reflecting China’s economic weight and a misanalysis by international markets. But the lowered target,which is justified by the global economic situation,is only the tip of the iceberg of complex short- and long-term challenges China is facing in its economic policy.     

A Time to Foster New Engines of Economic Growth

China slowed its economic growth in 2011 to concentrate on economic restructuring. The country’s growth rate nonetheless outstripped that of other world economies. China’s 2011 Gross Domestic Product (GDP) was RMB 47.     

Symbiotic Development

China’s 30 or more consecutive years of express economic development have made it the world’s second largest economy.Growing pressure to sustain economic growth has led to the country’s new policy of innovation and opening-up.It will generate suffi cient economic momentum to take China to the medium and high end of the industry chain,and at the same time create new opportunities for the world economy.     

Prospects in the Spotlight

<正>The quality of China’s economic growth is examined at the 2011 Summer Davos The Chinese economy is growing, but at a slower pace. Is this growth healthy and sustainable? The question was on the minds of many economists gathered in Dalian, capital of China’s northeast Liaoning Province, for the World Economic Forum (WEF), September 14-16.     

Enhancing the Quality of Growth

<正>The Chinese economy will continue to be the spotlight for world economic growth China’s GDP will maintain a growth rate of about 8.9 percent in 2012 said the annual economic blue book released by the Chinese     

REACHING CONSENSUS TO ASIA-PACIFIC PROSPERITY

正Is an Asian version of the EU possible?With China’s help,it just may be In the past few decades, Asia has been the region with the world’s most dynamic and fastest growing economic development Since the global financial crisis broke out in2008, Asia has once again become an important engine driving global economic recovery and growth.During this amazing period of growth the contribution of the Chinese economy has been obvious. The rapid growth of the Chinese economy has benefited from the     

Avoiding the Middle-Income Trap

<正>The news China surpassed Japan as the world’s second largest economy in 2010 has put China in the limelight. China’s per-capita GDP has reached $4,000, turning the country from a lower middle-income country to an upper middle-income country. But the economic growth model is still extensive and the income gap between the rich and the poor is widening.     

Why China’s Economy Will Grow Strongly in 2012

THE start of 2012 is a suitable moment to look at China’s economic prospects for the New Year. The overall outlook is clear-China’s economy will continue to grow strongly,remaining the world’s fastest growing major economy and outperforming Western pessimists’ predictions.     

Transformation Through Structural Reform

正The 13th Five-Year Plan(2016-20)period is crucial in China’s modernization process,as is the year 2020 in terms of readjusting the country’s economic structure and transforming its growth pattern.At the same time,2020 also serves as the deadline for China’s completion of its goal to build a moderately prosperous society.The achievement     

Why China Will Grow Rich Before It Grows Old

正THE announcement of the relaxation of China’s one child policy created great discussion in China and internationally.But its significance was widely misunderstood.Contrary to myth,the increase in China’s labor supply plays little role in China’s rapid economic growth.In reality,96 percent of China’s economic growth comes from factors other than a rising labor supply.Therefore,there is no reason why China’s economy should slow significantly because China’s working age population stopped growing in 2012.The mistaken view,sometimes expressed,that China will grow old before it becomes rich is therefore the reverse of the reality:China will grow rich before it grows old.To demonstrate clearly why,first the facts will be stated and then their implications analysed.     

SLOWLY BUT SURELY

Despite more slumping growth in China, economic restructuring is progressing as plannedss For the past two years, China’s economy has slowed down. According to statistics released by the National Bureau of Statistics (NBS) on July 15, China’s gross domestic product (GDP) grewby7.6percentinthefirsthalfoftheyear. In the second quarter, the GDP growth was a mere 7.5 percent, the second lowest showing since the fourth quarter of 2010. But skeptics be warned: The slower growth doesn’t mean you can dismiss China’s economy just yet. NBS spokesman Sheng Laiyun says China’s economic     

Doom and Gloom Prediction Wrong Again

正Given China’s slowing growth,some people have been predicting that the world’s second largest economy is heading toward a hard fall.In March,rating agencies Moody’s and StandardPoor’s downgraded the outlook for China’s credit rating from"stable"to"negative."But economic data for the first quarter of 2016 issued by the National Bureau of Statistics(NBS)show the country is off to a promising start this year.According to the data,China’s GDP     

STILL PULLING ITS WEIGHT

<正>Despite recent market turbulence and prolonged slowdown,China is still the backbone of global growth The sheer size of China’s market means that its suffering is the world’s suffering.There’s no better evidence for the expression than what happened in August—China’s stock market rout rattled investors abroad and     

Society

正China’s Energy Consumption Growth Slows Down The 2014 BP Statistical Review of World Energy shows that in 2013 China led the world in energy consumption.China used 22.4 percent of the world total,growing by4.7 percent,well below the 8.6percent average of the past decade.Meanwhile,China is also the world’s largest energy producer,providing 18.9 percent of global supply.Its No.1energy source is coal,which accounts for 47.4 percent of the global output.In line with the dip in consumption growth,growth in China’s energy production also fell to2.3 percent last year,far below the 7.4 percent average over the past 10 years.     

SHOULDERING RESPONSIBILITY

<正>China emerges as a major contributor to global economy and governance From the macro perspective of economic size and growth speed,China is the world’s second largest economy,with its GDP growing 6.7 percent and reaching $11 tril ion last year.It contributed more than 34 percent to the world’s gross value added in     

A DECENT KICK-OFF

正Growth in the first quarter indicates a favorable economic outlookUnder China’s"new normal"economic environment,its growth has decelerated to 6.7 percent in the first quarter.Nonetheless,economic indicators cast an optimistic light on future development."The growth is within the[Chinese Government’s]targeted range of 6.5-7