Maintaining Confidence in China’s Economy

正China’s economy has undergone a profound restructuring since 2011,and its double-digit growth speed has gradually slowed down to 7percent or so.Such a shift in gears has stoked rumors that the country is headed toward a hard landing or even that the world’s largest developing economy is about to collapse. In fact,misunderstandings,doubts and even curses against China’s economy have been unceasing ever since the founding of the People’s Republic of China in 1949,especially in tough     

China’s Nasdaq-Style ChiNext Board Embraces Reform

Chi Next,China’s Nasdaq-style board of growth enterprises,will replace its approval-based initial public offering(IPO)system with a registration-based one to better cultivate new industry startups and bolster the real economy,in the latest leg of the country’s capital market reform.     

Voices

Yao Jingyuan： China Ensures A GDP Growth of Eight Percent in 2009
According to Yao Jingyuan, chief economist with the National Bureau of Statistics, China wilt be able to achieve its target of 8 percent growth in gross domestic product （GDP） this year, though difficulties lie ahead. He said the country＇s economy demonstrates better recovery than in the U.S., Japan, Europe and other members of the BRIC group, which includes Brazil, Russia, India and China.     

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     

Stimulate Economic Vitality

CHINA’s economy is going through profound changes,the country’s economic development having entered a"new normal,"according to the Central Economic Work Conference(CEWC)that convened in December 2014.After decades of high growth,the Chinese economy has now entered a period of medium-to-high growth.The emphasis of its development has shifted from quantity and speed to quality and efficiency,and that of its restructuring to improving rather than expanding production practices.The momentum     

China＇s Private Economy：Challenges and Solutions：An Economy Matures

For the first three decades of the People＇s Republic, the Chinese economy consisted solely of state-owned or collectively owned enterprises.The emergence of private businesses following China＇s reform and opening-up in 1978 ushered in a private economy that has since grown to account for up to 50 percent of the country＇s GDP,70 percent of its jobs and 30-40 percent of its tax revenue.     

CONSUMPTION TAKES THE LEAD——Buoyant domestic demand injects vigor into a slowing economy

Amid economic woes at home and abroad,Chinese growth still hit a robust 7.8 percent in 2012,even though it’s the country’s slowest rate since 1999.After dipping to a seven-quarter low of 7.4 percent in the third quarter of 2012,the economy has shown signs of stability while GDP growth rebounded     

Are We Happy？

CHINA and its economic miracle, still in process, has long been a staple of media around the globe and is so often spoken of that it has become something of a cliché. After more than three decades of unprecedented growth, China has become the world’s second largest economy and its per capita GDP exceeded     

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.     

Voices

正"China has undergone some remarkable changes over the past 30 years.My wife can speak Chinese.She brought me to China in the 1980s,when the country had just kicked of its policies of opening-up and reform,and I immediately fell in love with the place.When I went back 30 years later,I was amazed at the velocity of its growth.In a country of such openness all are moving briskly towards a better future,"     

A TRAP WITHIN A TRAP

China’s economy is entering a new stage after its per-capita GDP surpassed$10,000 in 2019,according to official figures released by the National Bureau of Statistics on January 17.This means that the country faces a critical moment as it confronts the challenge of escaping the so-called"middle-income trap"(MIT)and becoming a true high-income country.     

New Chapter in Sino-Indian Trade

China and India are poised for extensive cooperation in a range of fields that will further boost trade ties The Indian economy has seen significant progress since the economic reforms implemented in 1991, with the annual growth rate averaging about 6 percent in the late 1990s. Since India moved into the new century, its economy has maintained a good momentum of year-on-year growth. In the five years from 2001 to 2005, its real gross domestic growth (GDP) reached 6.5     

A Positive Signal

正The Chinese economy always receives attention from the international community.According to data released by National Bureau of Statistics on January 18,the Chinese economy maintained sound growth in 2017,better than expected.China’s economic development remains stable,ramping up confidence in global growth.There were some pessimistic views about China’s economy.Especially when China’s GDP growth went down in 2014,some international media and economists talked a lot about the bleak prospects of the Chinese economy.The latest data show that China’s economy grew 6.9 percent year on     

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:     

SustainableDevelopmen--The Chinese People’s Choice

Since the Chinese government set out to transform the country’s economic development model, China’s economy has grown healthier, more sustainable and better adapted to fast, long-term growth.     

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     

Mini-Stimulus to Fuel Reforms

正At the present time,China is in need of economic stimulus,a fact testified to by the struggling branches of some banks and the sluggish manufacturing industry.The country should no longer base its optimistic mood solely on the explosive growth of the information technology(IT)and e-commerce industries.Without the upgrading of its manufacturing sector,China’s economy will     

The ‘China Miracle' Has Not Ended

<正>Better fundamentals,more space for a pro-growth policy and favorable factors will keep the economy strong and competitive By Mei Xinyu While almost all the other emerging economies are experiencing massive turmoil,the Chinese economy is slowing down,with its GDP growth in the first two quarters of this year dropping to its lowest level     

Growth Drivers

正As the nerves of a country’s economy,enterprises participate in and contribute to economic growth.In the 70 years since the founding of the People’s Republic of China(PRC),China has established a complete     

China Can Maintain Its Economic Growth

正EARLIER this year sections of the Western media tried to spin a story that the world economy was experiencing"severe slowdown in China"and"strong recovery in the U.S."In other words,China’s economy was allegedly in trouble and the U.S.was doing well.Now that the factual data is in for the fi rst half of the year it shows the opposite was true.China’s economic growth was 7.5 percent to the second quarter of 2014;that of the U.S.was 2.4 percent.China’s economy thus grew more than three times as fast as the U.S.’s.Still more signifi cantly for the U.S.,its own statistical agencies and the IMF have offi cially revised their projections for long-term U.S.growth.Both now estimate it at