Global Economic Review

The growth of the global economy slowed in 2005 after sizzling expansion the previous year. According to the forecast of the International Monetary Fund (IMF) in September 2005, the growth rate of the global economy in 2005 would drop to 4.3 percent from 5.1 percent in 2004. Although the IMF said in December it would raise its prediction, sources estimated that the adjusted rate would hardly surpass 4.6 percent. Despite     

China’s Industrial Future

China’s economic statistics released in recent months imply that its economic slowdown may deepen. Three figures in particular are of concern to economists;those showing drops in growth of industrial value-added output, in the money supply,and in power generation. The growth of industrial value-added output is at a three-year low, having increased only 9.3 percent over a year. The narrow measure of money supply’s (M1) 3.1 percent year-on-year growth marks a record low, while the miniscule 0.7 percent growth of total power generation signals a scaling back of the country’s industrial activities.In a meeting at the end of May, Chinese     

2015’s Top 10 Business News Stories

<正>Resilient Growth Against Adversity After GDP growth leveled off at 7 percent during the first half and then dipped to a six-year low of 6.9 percent in the third quarter,China’s economy showed signs of rebounding in the fourth quarter.November saw the fastest monthly growth of consumer goods’retail sales and the second highest monthly growth of industrial value-added output this year.Despite the slowdown,experts claim that a growth     

Holding Steady

正Economy posted better-than-expected growth in the third quarter,though challenges remain The Chinese economy maintained a growth rate of 6.7 percent in the third quarter,keeping the country on track to meet the government’s target of 6.5-to7-percent growth for the year.The figure is the same as the rates registered in the frst and second quarters     

TURNING THE TIDE

正China notches up economic growth in first half of the year At a time when most economies are grappling with the specter of recession, the Chinese economy has bucked the trend.China's GDP registered 3.2 percent growth year on year in the second quarter(Q2) of the year, climbing out of a record 6.8-percent contraction in the first     

Keeping the Slowdown In Check

<正>The rise of the service sector and consumption points to quality growth in the midst of weakening expansion China's GDP growth slipped to 7 percent in the first quarter of 2015,the lowest level in six years.On the other side of the equation,convincing signs of an improved economic structure,a buoyant job market and faster-than-expected consumer spending are solid evidence of a better-quality and increasingly mature economy.That said,in order to     

A SOUND ECONOMIC FUTURE

"Promoting sound and rapid development of the national economy"is China's goal for economic development in the following five years,as put forward by Hu Jintao, General Secretary of the Central Committee of the Communist Party of China(CPC), in his report to the 17th National Congress of the Party. China used to target"rapid and sound"economic growth.The fact that soundness is preferred to speed for China's economic growth reflects an important change in the economic outlook of the CPC—China is beginning to value the quality of economic growth rather than the speed. How to attain the goal of sound and rapid development for the national economy is the subject of Hu's eight-point proposal.     

China in the Financial Crisis

Since the World Bank forecast China’s 7.5 percent economic growth in 2009, the country has been bracing for an economic fall. Effects of the global fi nancial tsunami are apparent in China. The growth of the nation’s industrial added value stood at 5.4 percent, rather than the expected 7 percent, in November 2008 – the lowest growth since 1999. The US $189.89 billion import/export volume over the same period also represented a 9 percent drop compared with 2007. Pessimism pervades the large clusters of export-oriented     

Stable and High-Quality Growth

China’s econom ic growth has slowed down in recent years.The global economic gloom in the wake of Sino-U.S.trade tensions and the rise of trade protectionism have also given rise to concerns about its performance.However,data released on January 17 by the National Bureau of Statistics shows that the economy remained stable with steady improvement in quality and still contributes much to the global economic growth.     

Will the ‘China Miracle’ Continue?

<正>China's economic growth rate has been declining since 2010,faling to a six-year low of 7.3 percent in the third quarter of 2014.This has been the longest growth slowdown since the country adopted the reform and opening-up policy in 1978.In an