China’s Economy in a Global Context

THE National Bureau of Statistics has released key figures on the Chinese economy in2014.As expected,China’s growth rate as measured by GDP was7.4 percent,the lowest since 2002.Over the past 15 years,China’s average annual GDP growth was 8.9 percent.The size of the Chinese economy has thus increased nearly eight fold from RMB 8.94 trillion(US$1.43 trillion)in 2000 to RMB 63.64 trillion(US$10.18 trillion)in 2014.China has created a true economic miracle.     

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     

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.     

On the Right Road

<正>People’s China:Last year,when talking about China’s supply-side structural reform,you said the Chinese Government has the capability to ensure healthy performance of the economy and insisted that it is unnecessary to worry about the country’s economic growth.As you expected,the Chinese economy maintains a strong uptrend this year.What makes you so confident in the Chinese economy?     

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.     

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     

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     

HEADING FOR STABLE GROWTH

<正>Improved economic structure and greater benefits for the people usher ina new direction for China’s economy China’s GDP growth leveled off at 7 percent in the first half of this year,with an array of optimistic signs,such as better structure,improved growth quality,faster-thanexpected job creation and accelerated growth of residents’income,boding well for the ongoing reform.To stabilize economic growth,the Chinese Government unveiled a number of policies and measures,ranging from launching key infrastructure projects to remolding the investment and financing system,from     

EconomicParadigm ShiftUnderway

<正>The growth rate of China’s economy in 2016 took the lead in the world once again.The 6.7-percent growth not only indicates China’s supply-side reform has been effective,but also bodes well for the global economy.The sound performance is attributable to the macroeconomic policy adopted by the Central Government.China implemented supply-side structural reform in 2016 with a     

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 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     

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     

Cushioning a Hard Landing

<正>Although challenges remain,China’s economic future is still optimisticBefore 2014,China was cautiously enthused by the high-speed economic growth of the past two decades.As its economic growth rate is expected to decrease by 0.5 percentage points compared to last year,is China’s economy going to face a"hard land-     

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     

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     

New Models for New Vitality

China’s policies to expand opening up,support innovation and improve the business environment have fueled the rapid growth of new business models that are contributing to the development of the economy.The first-store economy is a sterling example of this.     

The Plan for 2012

<正>China aims to walk a fine line between maintaining stable growth, rebalancing the economy and combating inflation next year For the Chinese economy, 2012 will be a year filled with uncertainties. With the Western world struggling with a fragile recovery, China’s export growth has taken a hit, with expectations of even worse to come.     

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     

A NEW START

China’s economy grew to more than $14 trillion in 2019,continuing to close the gap with the $21-trillion U.S.economy,but the key takeaway from the National Bureau of Statistics report was that its per-capita GDP hit $10,000 for the first time.     

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