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     

Many Challenge China’s Monetary Policy

<正>The recovery of the American economy is moving along with a strong momentum and with steady improvement of employment and inflation,as indicated by its latest economic growth and job growth rates.The U.S.Federal Reserve(Fed)is widely expected to raise interest rates in the first half of 2015 for the first time since the eruption of the global financial crisis in 2008.     

EMBRACING DIVERSITY

正What will China’s G20 leadership mean for global and African growth fortunes?Although it has been nearly a decade since the onset of the global financial crisis,a lack of confidence and general uncertainty are still sweeping the world economy. The recovery of global growth has been sluggish at best,and world demand remains depressed.Trade growth has been     

Contributing to Global Growt

正The highlight of this year’s Group of 20(G20)Summit in Brisbane,Australia,was the formulation of a comprehensive growth strategy raising the collective GDP of all the 20 nations by 2 percent within five years.This is the first time that the G20 has set concrete goals for economic growth.In the time since the financial crisis,the global economy has grown at a slower pace than usual.Amid the influence of     

A New Crossroad

The global financial crisis is in its fifth year since the outbreak of the U.S. sub-prime mortgage fiasco of 2007. Despite efforts-conventional or otherwise-by the world’s major economies to curb the crisis and stimulate growth, the global economy recovery still lags.     

New Threat to World Economy

The aggregate amount of money and credit in the global economy has risen sharply over the past 30 years,with its growth rate and stock far exceeding that of the real economy or real assets of the world.This is the view of Xiang Songzuo,professor at the Huazhong University of Science and Technology,whose opinion was first published in a recent article in China Business News.Xiang said this situation is a real threat to the world economy.Excerpts of his article are reprinted below:     

Who Has the Upper Hand,China or the U.S.?

THE U.S.is spearheading economic recovery of the developed world,while China is at the fore of the emerging economies.Throughout this unbalanced,slower than expected resuscitation,China and the U.S.thus remain the two leading engines of global economic growth–a phenomenon that has given rise to debates on which economy is more successful.Quarterly data over the past five years show strong performances     

Strong Growth Prospects for the Chinese Economy

FIVE years after the onset of the global financial crisis the world economy is finally revving up - a recovery led by emerging economies that include China. Tables 1 and 2 below show that, despite a slowdown compared with last year, the year-on-year and quarter-to-quarter growth rate of the Chinese economy still outpaces that of the U.S.     

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     

Market Watch

OPINION how has World Economy Changed Since 2008?On September 15,2008,Lehman Brothers filed for bankruptcy protection,a sign of the escalation of the U.S.subprime crisis toward a global financial crisis.Now,the world economy is stepping out of crisis and marching toward recovery.Five years after the crisis roiled the world,in what ways has the global economy changed?     

CRISIS FOCUS Looking to China

The global financial crisis, which has plagued the world economy for two years, is nowhere near an end. Though a double-dip recession is unlikely, a fast and sound economic recovery is still out of reach.     

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     

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.     

The World in COVID And Beyond

<正>Urgent calls for global consensus and action at Boao Forum for Asia Two years ago,an already-divided world in urgent need of cooperation faced a pandemic that has since created yet more instability and uncertainty.Under these circumstances,the priority of the global community is undoubtedly tackling the pandemic as well as navigating the global economy in a more sustainable way.Cooling the flames of international discord and seeking synergy are a core part of addressing these two priori...     

RISK ASSESSMENT

The world economy has to be on the lookout for potential risks in the post-COVID-19 era Although COVID-19 plunged the global economy into the worst recession since World War II,clear signs of recovery have emerged.China began leading the way by pocketing positive growth in 2020 after bringing the epidemic under control.The U.S.and European countries initiated a bid for economic rebound via aggressive stimulus measures.     

The New Normal of Moderate Growth

正After going through the 2008 global financial crisis,the world economy as a whole has switched from high-speed growth to a deep industrial transformation.Domestically,the Chinese economy has also moderated,with some old balances being disrupted,and longstanding models and conceptions being dismantled.In the process,an array of new norms have emerged.To begin with,undergoing an economic slowdown is inevitable following years of     

An Altered Pattern of Economic Growth

CHINA'S economic boom has been a focus of world attention For more than a decade. Its GDP having increased almost 13-Fold in the past 15 years, economy and development are two of the most Frequently heard buzzwords in the Chinese media. China is also holding its own within the global economy. and in 2004 was the number one contributor to global trade growth. Products "Made in China" are to be seen in every country in the world, as are Chinese investors. The rapidly growing Chinese economy has indisputably brought with it improvements to living standards, but has also engendered social problems. At the Fourth Session of the Tenth National People's Congress. Chinese Premier Wen Jiabao listed in his 2006 government work report the problems that have emerged in the past five years of economic and social development. They are: an irrational economic structure; lack of motivation to innovate: excessive consumption of energy resources; alarmingly high environmental pollution; uneven regional development and a widening income gap; and sluggish promotion of social welfare. In order to solve these problems, the Chinese government has proposed a new pattern of economic growth whose emphasis is on social development and conserving energy and resources. Within this new development mode, economic growth will depend less on resource consumption and more on technological and human resources. In the past, the government sacrificed rural interests in order to boost industrial development in urban areas. Its current plan is to invest in and channel funds towards stimulating the rural economy, and also to make various public services available throughout China's vast countryside.     

TESTED THERAPY

<正>Oriental wisdom can contribute to better global economic governance By Zheng Xinye China has maintained rapid economic growth for over 30 consecutive years since it began reform and opening up in 1978.It has become the second largest economy in the world whose development grabs the world’s attention.     

WB Advice

Despite the negative impact of the European debt crisis,the global growth outlook remains favorable,largely because of the strength of emerging markets.China,as the largest emerging economy,has contributed handsomely to the global economic recovery.In China,after a rapid start at the beginning of the year,growth is likely to ease,mainly because of a partial normalization of the macro policy stance and recent property measures,said the World Bank in its latest China Quarterly Update released on June 18.Edited excerpts follow:     

Reforms Prop up Growth

<正>China’s economy grew 6.9 percent in the first half of 2017.This figure somewhat reduces the worry that China’s economic slowdown will cast a shadow over the world economy.In the past two years,the rhetoric about the collapse of China’s economy has continued to resurge from time to time.However,the economic growth of the past one and a half years shows a steady and upbeat momentum.