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Wednesday, January 21, 2015

Economic security/ Benefiting from an expanding Chinese market 
Chinese premier pledges deepened reform, wider opening-upIt is understandable that China's recent economic data have sent jitters through world markets.
The slowdown comes at a vulnerable time for the world economy -- the eurozone is still at risk of another recession, the Abenomics has failed to drag Japan out of the mire, and investors are pulling out of emerging market funds.
Policymakers and investors were not prepared for a reality that after more than three decades on steroids, the world's second-largest economy has been transitioned to a "new normal" of slower growth.
The market, crazy about speed and figures, seems to have missed the reality that the Chinese economy is healthier under the "new normal" featuring positive trends of stable growth, an optimized structure, enhanced quality and improved social welfare.
The developments could bring even greater benefits to the world than the miraculous double-digit growth.

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