China’s Economy over the Last Ten

CHINA is approaching its once-in-adecade change in president and gov- ernment. It’s a good time to pause and reflect on the last 10 years of China’s economic performance. The data for 2012 is stil being produced, so our decade has to be 2001- 2011. This doesn’t give us a precise overlap with the country’s politics - 2001 was the final year of the previous administration,     

China Has the World’s Fastest Growth in Living Standards简

正ONE of the strangest claims about China that sometimes appear in the media is that it has a slow growth of consumption and living standards.In reality China has the fastest growth of consumption of any country in the world–whether this is measured only by household consumption or includes government consumption in areas vital for quality of life,such as education and health.Furthermore,indicators show that compared to other countries,China’s quality of life is better than would be expected from its present stage of economic development.First the facts regarding these issues are established and then they will be analyzed.     

U.K. Needs Clear Choice on China Relations

正CHINA and Britain have potentially one of the world’s most fruitful international economic relationships.Not only do they account for 16 percent of world GDP,but their two economies are mutually complementary rather than competitive.China is now the world’s largest industrial producer,     

China- the World＇s Trade Locomotive

CHINA has overtaken the United States to become the world＇s largest goods trading na- tion. Indeed, since the beginning of the inter- national financial crisis, increases in China＇sforeign trade have been larger than those of the Unit- ed States, EU and Japan combined.     

Why China’s Economy Will Grow Strongly in 2012

THE start of 2012 is a suitable moment to look at China’s economic prospects for the New Year. The overall outlook is clear-China’s economy will continue to grow strongly,remaining the world’s fastest growing major economy and outperforming Western pessimists’ predictions.     

Europe Needs to Learn from China

FOUR years into the international financial crisis,it’s clear that the economic policies followed in Europe to deal with the crisis have failed.Realization of this has now led to major political changes in Europe,epitomized by the outcome of the French and Greek elections.The Financial Times,one of the world’s leading newspapers,considered these events so significant that it headlined its lengthy review of them "Seven Days Which Shook Europe."A key reason Europe’s policies have failed to solve the economic problems that arose from the financial crisis is that there has been a consistent     

Economic Realities in U.S.-China Relations

ECONOMIC relations between China and the United States formed a central part of discussions during Chinese Vice President Xi Jinping’s recent visit to the U.S. Analysis of economic fundamentals shows that it is possible in principle to resolve this aspect of the international situation to mutual benefit.     

China Rightto Set Lower Growth Target

THE reduction of China’s 2012 growth target to 7.5 percent from the eight percent of recent years headlined the international media coverage of PremierWen Jiabao’s report to the National People’s Congress. The announcement was greeted with fallson international stock markets - simultaneously reflecting China’s economic weight and a misanalysis by international markets. But the lowered target,which is justified by the global economic situation,is only the tip of the iceberg of complex short- and long-term challenges China is facing in its economic policy.