Chinese Economy:On the Path of Scientific Development

SINCE its entry into the WTO at the end of 2001, China has merged with the world economy and has seen rapid economic growth. By the end of 2011, China’s GDP went up from RMB 11 trillion to RMB 47.2 trillion, with an average annual growth of 10.4 percent over the past decade. As a result,     

Economic Growth and Share Returns

DESPITE gloomy times for the world economy in the wake of the global financial crisis, China’s economy continues to lead the world by growing at over nine percent per year. However,     

China and Europe:A Mutual Study

IT’S been 20 years since China set about constructing a socialist market economic system.During these two decades,China stood strong through the Asian financial crisis.It has also weathered the global financial crisis,which shows China has developed strong capabilities in macroeconomic regulation and control.Since the turn of the century,many economists overseas have defined China’s developmentpath as the "China Model." In reality,there is nosuch fixed model for China’s economic or socialdevelopment.     

China Accelerates Transformation of Its Economic Development Model

正SINGAPORE,China’s Hong Kong,China’s Taiwan and South Korea all achieved miraculous economic development as early as the 1970s.These so-called"Four Little Dragons"rapidly became high-income economies with signifi cantly improved living standards.Since the 1990s,however,Asian developing countries such as China have experienced faster,more conspicuous economic growth than any other region in the world.     

Private Business Boosts China＇s Economic Development

正SINCE the policy of reform and opening-up in 1978,China has traveled a course of high-speed development on its way to becoming the economic power it is today.In 2013,as the world’s second largest economy,China not only ranked second in receiving foreign     

The U.S. QE Policy and Its Ripple Effect

SINCE the onset in 2008 of the devastating financial crisis, the U.S. has suffered soaring unemployment and a sluggish economy. To fuel the domestic economy, on December 16, 2008 the U.S. Federal Reserve lowered the overnight federal funds rate to between zero and 0.25 percent.     

Credit Market Turmoil Prompts China to Rethink Economic Growth and Development

JYNE 20, 2Ol3 saw SHIBOR （the Shanghai Interbank Offered Rate） soar abruptly. Overnight rates jumped 578.40 points to 13.44 percent, while one-week rates rose by 292.90 points to 11.00 percent. The following day overnight rates plummeted by 495.2 points. Though the SHIBOR roller coaster ride flattened out a month later and panic over a ＂liquidity freeze＂ gradually subsided, there is still concern over a spreading credit market crisis in China.     

China and Asia Grow Together

THE world has witnessed rapid eco- nomic development in China and other Asian countries, especially since the 1997 financial crisis. It is now clear that, regardless of the present or the future, China and its Asian counterparts will grow to- gether.     

China Still a Mecca for Foreign Direct Investment

China’s policies for growth haven’t changed. The country has stuck to its basic state policies and furthered the domestic reform agenda. It has opened its doors to the outside world wider than ever before.THE world economy has had a tough time of it recently. After the financial crisis it staggered along, and looked to be almost up on its feet till the Eurozone sovereign debt crisis blew up in its face