Private Capital Into the Mix

China to merge public and private sectors to develop a mixed economy The idea of a mixed economy comprising of state,collective and private capital has gained much traction as China turns its attention to future development.The Decision on Major Issues Concerning Comprehensively Deepening Reforms released right after the Third Plenary Session of the 18th Central Committee of the Communist Party of China has decided that this economic model is to be the primary vehicle for economic reform.     

Africa Can Replicate China’s Industrialization Success

正China has achieved rapid economic growth because of its economic structure readjustment and successful transformation from a planned economy to a market economy.Though in the 1990s many other developing countries also undertook economic restructuring like China,many failed.So what are the real reasons for China’s economic     

China Opens Innumerable Doors

Accurately analyzing and predicting China’s economic development has earned me a living and opened innumerable doors,for more than 20 years.It also brought the satisfaction of seeing individual interest and skills linked to the world’s biggest story-the growth of China’s economy and its"national revival."My relationship with China started unusually as I analyzed its economy for more than 20 years before I could make a visit The interest started in the 1980s when,for theoretical economic reasons,I concluded its economic     

Rebalancing Acrobatics

正China's high-flying economy is starting to lose altitude.The big question is how China will rebalance its growth model to address major challenges and imbalances that come along with the economic growth deceleration.Louis Kuijs,Project Director of Hong Kong-based Fung Global Institute(FGI),shared     

A New Paradigm

<正>The"Four Comprehensives"aim at putting China on track to achieve its economic and social development targets.In an effort to avoid a hard landing from the economy,China should face the current downward pressure on its growth by boosting effectivedemand and progressively switching to a new growth model.At the opening of the annual National People’s Congress(NPC)in March,Chinese Premier Li Keqiang announced that the of-     

Accession to WTO can Cause Profound Reform on Economic System

Hungary's domestic economic system reform, i.e. the founding of its new economic system was the hasis of accession to GATT, so let's review the economic reform in Hungary first.Begining in 1968, Hungary's economic reform was carried out under the condition of rapid development of world economy, cheap energy and raw materials and the pros-     

Green Economy Roadmaps UNEP-China Partnership

THE rise of China is gaining more momentum thanks to its increasing economic, political, and strategic weight in the AsiaPacific region, and its outstanding performance in a post-crisis global economy. With an average annual economic growth of 9.5 percent over the past two decades, China has remained the single largest contributor to global growth over the past few years. However, its economic thrust has come at high energy and environment costs： it is the second-largest energy consumer and one of the largest greenhouse gas emitters worldwide.     

China Seeks Economic Transformation——Consumption Coupons： New Attempt to Expand Domestic Demand

The financial crisis that started in the United States is spreading worldwide, and its impact on China＇s economy is increasing daily. Difficulties and problems that accumulated in China＇s long period of fast economic growth have gradually become apparent Both the Chinese government and enterprises are considering how to transform and upgrade China＇s economy through changing development mode and adjusting the industrial structure, while coping with the tinancial crisis. Therefore. guaranteeing economic growth, expanding domestic demand and making structural adjustments have become China ＇s important economic goals for 2009.     

PROGRESS DESPITE PROBLEMS

China focuses on building a stronger financial system to support the real economy Compared with the progress and status of China's economy and trade, its financial system seems to be much less impressive and powerful. Many analysts regard it as a major vulnerability in China's economic development. The basic facts, however, underscore the success of the system and its global importance today: China has the second largest stock market and bond market in the world。     

China Seeks Economic Transformation

The financial crisis that started in the United States is spreading worldwide, and its impact on China’s economy is increasing daily. Difficulties and problems that accumulated in China’s long period of fast economic growth have gradually become apparent. Both the Chinese government and enterprises are considering how to transform and upgrade China’s economy through changing development mode and adjusting the industrial structure, while coping with the financial crisis. Therefore, guaranteeing economic grow...     

Reforms Kick-Start Growth

正Officials and economists confirm confidence in Q1 economic performance Last year,the Chinese economy recorded its slowest annual growth rate in a quarter of century at 6.9 percent.Although official statistics have not yet been released,the market,however,is optimistic about the economic status of the world’s second largest economy in the first quarter of 2016.     

Burgeoning City by the Pearl River

In Foshan, culture and economy are parallel lines of development. Its traditional culture having evolved into a contemporary economic force, the two are indivisible. Foshan's goal is to accelerate its ongoing fusion of culture and economy, thereby promoting all-round social development.     

Market Economy under the Rule of Law

Promoting rule of law reforms will have positive impact on the economy and business,and China’s future anti-corruption activities will also promote reforms to its economic structure.     

Navigating Growth Prospects

<正>Structural reform,innovation and international production capacity cooperation become China’s new economic engines Seven years after the outbreak of the global financial crisis in 2008,the global economy is not yet quite out of the woods and,overall,recovery remains sluggish and not sufficiently robust. As the second largest economy in the world,China has also bidden a farewell to seemingly miraculous runaway economic expansion and seen its growth pace level off at 7 percent in the first half of this     

GIVE AND GROW

正The future of economic globalization looks bright with China at its core After 40 years of reform and opening up,China is playing the role of stabilizer and powerhouse of the global economy rather than a stabilizer of the East Asian economy as it was in the 1980s.The country's average annual contribu-     

Quality vis-à-vis Velocity of Economic Growth

SINCE China embarked on reform and opening-up in the late 1970s,and especially since its entry into the market economy in the 1990s,the country has considered the magnitude and extent of GDP growth as main parameters of its economic development.In macroeconomic terms,gross GDP and GDP growth are of great national significance,especially to a developing country. A large,briskly expanding GDP means more jobs,higher incomes and better livelihoods for all. Once a state’s economy surpasses subsistence level,however,its people expect to enjoy a better quality of life,more wholesome     

Playing Defense

With the U.S. financial system still reeling and recession looming on Europe's doorstep, the world is looking to China as a calm port in the storm. But China has its own set of woes as clouds gather over its economy as a result of the domino effect from the overseas economic downturn and lingering inflationary fears. On October 26, Zhou Xiaochuan, Governor of the People's Bank of China, delivered a report on the country's current economic situation and the safeguards that the government has put in place to fend off economic risks. Excerpts follow.     

Double Imbalance

The government has been introducing a string of policies to stabilize the economy and cushion the impact of the global eco-nomic slowdown since October.These policies are generally deemed"timely"and"necessary,"but not a long-term cure for problems in China’s economy.Renowned economist Wu Jinglian says the country must address its"double imbalance"and further reform its economic growth mode.He made his comments at the First Annual Global Management Forum on December 6 in Shanghai.Excerptsf ollow:     

Changing Gears In Search of Growth

Industrial refinement and information consumption targeted for next phase of economic development As the world economy struggles in its tenuous efforts to bottom out,China is advancing on a delicate rebalancing act of its economy,amid a prolonged slowdown.With pressure mounting to find new growth engines,economists,officials and a range of     

Innovation Blooms

正As China gears up to rebalance its economy in its quest for more sustainable growth,innovation is proving to be a pivotal source of economic dynamism.How should China spur innovation? What problems are impeding the innovation process? Economists,government officials and industry insiders discussed these issues at the annual economic