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     

Chinese Banks Walk a Fine Line Between Market and Government

SCOTTISH economist Adam Smith laid the foundation of modern economics with his1776 treatise An Inquiry into the Nature and Causes     

Getting Rich Before Getting Old or Vice Versa？

正REGARDING China’s economic and social outlook,there are two contending views in the domestic and overseas academic world.One predicts that China will get affluent before becoming an aging society,and the other holds the opposite opinion.A comprehensive and dynamic analysis is needed before reaching a conclusion.Complex Factors in Economic Growth Total Factor Productivity(TFP)is the most accepted measurement through which to judge total inputs’output productivity,that is,the ratio of total output to total inputs.TFP includes technological progress,organizational innovation,professionalism,etc.An increase of this index refl ects the progress of science and technology.High     

Re-examining China＇s Economic Growth Momentum

正ACCORDING to the National Bureau of Statistics,China’s economic growth rates in the fi rst and second quarters of 2014 were 7.4 percent and7.5 percent respectively,lower than those of last year’s third and fourth quarters,which were 7.8 percent and 7.7 percent.Observers have started to question this economic trend:Is China headed for a recession?Judging by the growth rate,China’s economy does seem to be slowing down.But in fact,there is signifi cant sustaining potential and momentum behind the country’s economic growth,and factors like structural adjustment     

Is China Losing Its Appea to Foreign Capital？

CHINA, as an emerging economy, has experienced slowing economic growth since 2013. For the first eight months of 2014, foreign direct investment （FDI） into non-financial sectors edged down 1.8 percent from the same period in 2013. Certain domestic and overseas media have come to the conclusion that the frenzied influx of foreign capital into China is eooling down. But are they right？     

China - Leader of the Thircl Industrial Revolution？

CHINA＇s industrial output, which in- eludes 220 of world major products such as steel, coal, cotton and ce- ment, continues to accelerate. Statistics show that China＇s yarn output rose from 6.57 million tons in 2000 to 28.7 million tons in 2oll while that of its cloth rose from 27.7 billion meters to 81.4 billion meters over the same period. Even in the shadow of the global financial crisis, these products have main- tained steady growth.     

The Role of China＇s Imports in the Global Economy

ENTERING the WTO in 2001 has not only brought China a share in trade dividends but also opened up greater opportunities for the world economy.     

Sustained Development Leads to Higher Living Standards简

正CHINA’s economy has significantly advanced over the past 35 years of reform and openingup.Chinese people’s incomes have risen and their living standards have improved,from barely having enough to eat and adequate clothing to today’s generally better-off lifestyle.     

Tax Reforms under the Principle of Transparency,Efficiency and Equity

正CHINA has been comprehensively deepening reforms since the convening last November of the Third Plenary Session of the 18th CPC Central Committee.Tax reforms affect the interests of each citizen and every enterprise,and are inextricable from economic development and social stability.As one of the world’s main emerging economies,China operates a fiscal system under the principle of high fiscal revenues and high fiscal expenditure,thus ensuring