Chinadaily.com.cn
3 months, 1 week ago

Chinadaily.com.cn

China Daily  

Uncertainty in the global economic outlook has put a brake on the engine of global growth and led to the rise of statism For more than a decade, elections taking place in the world's major countries, such as the United States, have not only intensified political divisions, but also increased their external influence. The global economic circulation driven by global capital flow has benefited many countries, especially emerging economies, which have enjoyed rapid development. Rather, it means using national sovereignty to create protectionist policies and industrial policy tools, reset international trade rules and reshape the global industrial chains by forming new regional markets, alliance-driven markets and domestic markets, so as to maintain a country's advantageous position in the global value chain and foster domestic industries that are competitive in the global economy. Back then, Western Europe promoted colonial expansion and established a global economic circulation system in which colonies provided resources for the industrialized countries.

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History of this topic

Why Chinese economy can navigate global headwinds
1 month ago

Why Chinese economy can navigate global headwinds

China Daily  

SHI YU/CHINA DAILY Assuming that the measures US President Donald Trump has taken in the first few weeks in office reflect, a new and sustainable path for the United States, instead of whims, will they have an impact on China's economic prospects? First, the large size of China's domestic market guarantees low average production costs and, therefore, relatively low prices …

Why Chinese economy can navigate global headwinds
1 month ago

Why Chinese economy can navigate global headwinds

China Daily  

SHI YU/CHINA DAILY Assuming that the measures US President Donald Trump has taken in the first few weeks in office reflect, a new and sustainable path for the United States, instead of whims, will they have an impact on China's economic prospects? First, the large size of China's domestic market guarantees low average production costs and, therefore, relatively low prices …

Why Chinese economy can navigate global headwinds
1 month ago

Why Chinese economy can navigate global headwinds

China Daily  

SHI YU/CHINA DAILY Assuming that the measures US President Donald Trump has taken in the first few weeks in office reflect, a new and sustainable path for the United States, instead of whims, will they have an impact on China's economic prospects? First, the large size of China's domestic market guarantees low average production costs and, therefore, relatively low prices …

Why Chinese economy can navigate global headwinds
1 month ago

Why Chinese economy can navigate global headwinds

China Daily  

SHI YU/CHINA DAILY Assuming that the measures US President Donald Trump has taken in the first few weeks in office reflect, a new and sustainable path for the United States, instead of whims, will they have an impact on China's economic prospects? First, the large size of China's domestic market guarantees low average production costs and, therefore, relatively low prices …

A Trump adviser on how the international economic system should change
3 months ago

A Trump adviser on how the international economic system should change

Live Mint  

The United States must play a more active role in reshaping the international economic order. The next generation of America’s international economic policy must more closely link security and economic relations to deliver the benefits that truly free trade can bring. The first was that by opening its markets to the world, and thus promoting economic co-operation, the United States …

Damage control
Trending News
3 months, 1 week ago

Damage control

China Daily  

ZHANG TING/FOR CHINA DAILY For more than a decade, elections taking place in the world's major countries, such as the United States, have not only intensified political divisions, but also increased their external influence. The global economic circulation driven by global capital flow has benefited many countries, especially emerging economies, which have enjoyed rapid development. Rather, it means using national …

Responsive economic policies have mitigated risks and shock waves
8 months, 1 week ago

Responsive economic policies have mitigated risks and shock waves

China Daily  

The skyline of Beijing. The IMF, as well as other international institutions such as Morgan Stanley, Goldman Sachs and UBS, all raised their forecast for China's economic growth this year, mainly because of the overall performance of the Chinese economy in the first half of the year and the effectiveness it has displayed in preventing and resolving risks. Since March, …

How the US mopped up a third of global capital flows since Covid
9 months, 1 week ago

How the US mopped up a third of global capital flows since Covid

Live Mint  

In the face of calls around the world to diversify out of the dollar in recent years, the US has nabbed almost one-third of all the investment that flowed across borders since Covid struck. An International Monetary Fund analysis sent by request to Bloomberg News shows that the share of global flows has climbed — not fallen — since a …

The global economy in 2024: Key clues to watch out for
1 year, 3 months ago

The global economy in 2024: Key clues to watch out for

Al Jazeera  

US interest rates, oil prices and the Chinese economy will determine the global economy next year. “And once an economic slowdown gets under way, it risks feeding on itself,” he said, adding that while falling inflation will be an important factor in determining monetary policy, “weakening growth will almost certainly determine when the Fed will pivot.” Federal funds futures are …

Pessimism of some Westerners cannot hinder China's growth
1 year, 6 months ago

Pessimism of some Westerners cannot hinder China's growth

China Daily  

A view of the Huangpu River in Shanghai. However, the article comes just days after Bloomberg founder Michael Bloomberg visited China, met the governor of the People's Bank of China and other senior finance officials, and expressed his desire to have long-term and greater cooperation with Chinese financial organs which he said are playing an increasingly important role in the …

China's economic evolution: Navigating challenges
1 year, 6 months ago

China's economic evolution: Navigating challenges

Hindustan Times  

China's economic landscape is currently undergoing a profound transformation, marked by a series of challenges that have far-reaching implications for both the nation and the global economy. China's current economic challenges draw comparisons to Japan's 1990s struggles, marked by deflation, stagnant growth, asset bubbles, and structural issues. China's economic slowdown is challenging the International Monetary Fund's projection that the nation …

Europe scrapes out economic growth by dodging gas disaster
2 years, 1 month ago

Europe scrapes out economic growth by dodging gas disaster

Associated Press  

FRANKFURT, Germany — Europe’s economy scraped out meager gains at the end of last year as galloping inflation fed by high energy prices and Russia’s invasion of Ukraine deterred people from spending in shops and restaurants. He added that “the positive reading could mask underlying weakness in domestic demand” and that “private consumption is likely to have contracted.” “The main …

2 Major Traps on China’s Path to Global Leadership
2 years, 6 months ago

2 Major Traps on China’s Path to Global Leadership

The Diplomat  

There are at least two major obstacles that China will have to get over on its path to global leadership, one domestic and one outward-facing. Key policies of the Chinese government aim to help rebalance China’s economy, wean it off its predominantly export-driven model, promote state-of-the-art technologies, tap into the huge domestic market, and make the country more self-sufficient. Another …

China still global growth engine
2 years, 8 months ago

China still global growth engine

China Daily  

Editor's note: Despite facing multiple challenges both on the international and domestic fronts, the Chinese economy continues to drive global growth. The past decade was critical to the expansion of China's economy and Chinese people's living standards in that it consolidated China's role as a global growth engine. In 2007, a year before the onset of the global financial crisis, …

China still global growth engine
2 years, 8 months ago

China still global growth engine

China Daily  

Editor's note: Despite facing multiple challenges both on the international and domestic fronts, the Chinese economy continues to drive global growth. The past decade was critical to the expansion of China's economy and Chinese people's living standards in that it consolidated China's role as a global growth engine. In 2007, a year before the onset of the global financial crisis, …

Global economy may be slowing more than expected, Christine Lagarde says
6 years, 4 months ago

Global economy may be slowing more than expected, Christine Lagarde says

Live Mint  

Washington: Global growth may be slowing more than forecast only a month ago, underscoring the urgency for countries to pull back from a damaging trade war, the International Monetary Fund warned. Since the IMF’s latest World Economic Update on 9 October, global stocks have slumped on concerns that rising interest rates and the US-China trade war could undermine growth. “We …

Opinion | China’s role in the evolving global order
6 years, 4 months ago

Opinion | China’s role in the evolving global order

Live Mint  

Does the 21st century belong to the Middle Kingdom? “China is playing a very important role and is taking responsibilities on a global scale,” says Swiss President Alain Berset. “Beijing so far has not offered any kind of deal or even responded to the US ‘asks’,” Kudlow said in an interview to Fox, according to the Washington Trade Daily of …

Global economic activity remains solid but US-China trade war torpedoes optimism, say economists
6 years, 8 months ago

Global economic activity remains solid but US-China trade war torpedoes optimism, say economists

Firstpost  

Reuters polls of economists, foreign exchange analysts, bond market and equity market strategists in recent months have raised alarm bells and the US government bond market is also close to flashing a recessionary signal. Bengaluru: Global economic activity remains solid but has already passed its peak, according to economists in Reuters polls who expect protectionist policies on trade, which show …

New global order takes shape, instability looms
7 years, 2 months ago

New global order takes shape, instability looms

Deccan Chronicle  

The ancient Greek philosopher Heraclitus said that “there is nothing permanent except change”. In his New Year’s address, Chinese President Xi Jinping declared that his country is a “keeper of international order”, which has “something to say” on all major global issues. The Donald Trump administration’s National Security Strategy has labelled China a “rival power” whose “repressive vision of world …

China will continue to make its contribution
7 years, 5 months ago

China will continue to make its contribution

China Daily  

A technician inspects the surface of a stainless steel component at a factory of Shanxi-based Taiyuan Iron and Steel Co, which is staking its future on research and development efforts. Amid a time of lingering global economic recession, China has remained the world's major economic engine－contributing one-third of global growth－despite its restructuring pains ranging from cutting excess production capacity to …

The great shift of global economic power[1]- Chinadaily.com.cn
7 years, 6 months ago

The great shift of global economic power[1]- Chinadaily.com.cn

China Daily  

Leaders of BRICS countries pose for group photos after the ninth BRICS summit in the eastern city of Xiamen, Fujian province, Sept 4, 2017. As global economic prospects now look brighter in the major advanced economies, some observers believe their recovery will weaken the role of BRICS in global economy and governance. China the largest economy by the late 2020s …

China pushes for 'interconnected' growth
7 years, 8 months ago

China pushes for 'interconnected' growth

China Daily  

President Xi Jinping presides over a meeting of the BRICS countries - Brazil, Russia, India, China and South Africa - on the sidelines of the G20 summit in Hamburg on July 7. The just-concluded G20 summit sent a positive signal that the world's major economies, of which China is a bellwether, will push for "interconnected" growth, enhance economic cooperation and …

Emerging markets encouraged to defend globalization
7 years, 10 months ago

Emerging markets encouraged to defend globalization

China Daily  

A ship loads containers at a terminal in Qingdao, Shandong province. While many of the world’s major economies are today turning inward, the future of globalization depends on whether those emerging markets, like China, can lead it onto a more inclusive path. The movement of goods, services, finance, data, and people, across borders, adds to gross domestic product and fuels …

Emerging markets encouraged to defend globalization
7 years, 10 months ago

Emerging markets encouraged to defend globalization

China Daily  

A ship loads containers at a terminal in Qingdao, Shandong province. While many of the world’s major economies are today turning inward, the future of globalization depends on whether those emerging markets, like China, can lead it onto a more inclusive path. The movement of goods, services, finance, data, and people, across borders, adds to gross domestic product and fuels …

China and the challenges of globalization[1]- Chinadaily.com.cn
8 years, 2 months ago

China and the challenges of globalization[1]- Chinadaily.com.cn

China Daily  

A man walks at the main entrance of the congress center where the World Economic Forum takes place in Davos, Switzerland, in this file photo taken on Jan 18, 2016. He reaffirmed China’s commitment to be a reliable partner in bringing about a more peaceful and progressive world through globalization in all forms, stressing common development through economic openness and …

China pays serious attention to Davos for more stable world order[2]- Chinadaily.com.cn
8 years, 2 months ago

China pays serious attention to Davos for more stable world order[2]- Chinadaily.com.cn

China Daily  

As a late comer of modern industrialization and its resurgence as an economic superpower, China has certainly benefited from the process of globalization, particularly since its accession to the World Trade Organization. China’s recent emergence as a leading global investor suggests that it is ready to help other countries harnessing globalization and free trade for their economic and social development. …

China's growth model reforms to spur global economy
8 years, 3 months ago

China's growth model reforms to spur global economy

China Daily  

BEIJING - China will still be a growth engine of a global economy beset by instability, thanks to efforts to shift its growth model among other stimulus endeavors, scholars and business leaders from around the world have said. Reforms on growth model As China's economy slows on sluggish exports, tepid investment and an industrial glut, Beijing has been trying to …

China's growth model reforms to spur global economy
8 years, 3 months ago

China's growth model reforms to spur global economy

China Daily  

BEIJING - China will still be a growth engine of a global economy beset by instability, thanks to efforts to shift its growth model among other stimulus endeavors, scholars and business leaders from around the world have said. Reforms on growth model As China's economy slows on sluggish exports, tepid investment and an industrial glut, Beijing has been trying to …

China-led initiatives 'open to all'
8 years, 6 months ago

China-led initiatives 'open to all'

China Daily  

President urges leaders to boost cooperation, says economic challenges need global response The global initiatives led by China are not intended to undermine any other countries' interests, but to inject greater openness into global economic governance by working with other countries, President Xi Jinping said on Saturday. Addressing the business forum on the eve of the G20 Leaders Summit, Xi …

What they say
8 years, 6 months ago

What they say

China Daily  

Wan Xiangyu, researcher, Institute of Quantitative and Technical Economics, the Chinese Academy of Social Sciences China's contribution to the world economy can be analyzed from three perspectives. Third, China's economic links with the world have helped stabilize the world economy and contributed to the post-crisis recovery of the global economic and trade system. Wang Tao, co-head of Asia Economic Research, …

China remains largest contributor to global growth, US expert says
8 years, 7 months ago

China remains largest contributor to global growth, US expert says

China Daily  

Stephen Roach, chairman of Morgan Stanley Asia Ltd, speaks at the 11th Seoul International Financial Forum in Seoul, South Korea, April 29, 2010. WASHINGTON - Despite concerns about the slowdown of the world's second-largest economy, China remains the single largest contributor to global economic growth, a US expert said on Monday. If China's economy grows at 6.7 percent in 2016, …

Needed: A new global system
8 years, 9 months ago

Needed: A new global system

Deccan Chronicle  

The crisis in the global economy engages many and affects most of mankind. This, and America’s opening to China forged a great economic and financial system that accelerated world GDP growths to new levels. Keynes’ proposals would have established a world reserve currency called “Bancor” to be run by an international central bank. But the world largely trusts the US …

China should not be blamed for world economic slowdown[1]- Chinadaily.com.cn
9 years ago

China should not be blamed for world economic slowdown[1]- Chinadaily.com.cn

China Daily  

BEIJING - China and other world economies share weal and woe together amid global economic slowdown, and it is unreasonable to put all the blames on the world's second largest economy alone. With the annual sessions of China's top legislature and political advisory body approaching, the Chinese economy and the so-called spillover effects of its slowdown has become a hot …

China plays important role in global economy: US envoy
9 years, 5 months ago

China plays important role in global economy: US envoy

China Daily  

LOS ANGELES - "China plays an exceptionally important role regionally, but also globally," said Graig Allen, US Ambassador to Brunei Thursday in Orange County. Allen made the remarks at the start of a two-day business forum held by the US Department of Commerce with the theme "Discover Global Markets: Pacific Rim Consumers". Holly Vineyard, Deputy Assistant Secretary of Commerce for …

Nation continues to drive global economic growth
9 years, 6 months ago

Nation continues to drive global economic growth

China Daily  

Premier Li Keqiang delivers a speech at the opening ceremony of 2015 Summer Davos forum in Dalian, Liaoning province, on Sept 10, 2015. There is no shortage of seemingly downbeat news about the world's second-largest economy nowadays, which has stoked up global investors' concerns about the overall health of the Chinese economy, a major driving force for global growth. This …

China to remain important engine for global economy[1]- Chinadaily.com.cn
10 years ago

China to remain important engine for global economy[1]- Chinadaily.com.cn

China Daily  

WASHINGTON -- As China is moving its economy to a more inclusive, environment-friendly, and sustainable growth path, the sustainability in the end will mean higher incomes in the country, with even larger gains in consumption and living standards -- a result good for both China and the rest of the world, IMF Managing Director Christine Lagarde has said. Sustainable growth …

China to remain important engine for global economy[1]- Chinadaily.com.cn
10 years ago

China to remain important engine for global economy[1]- Chinadaily.com.cn

China Daily  

WASHINGTON -- As China is moving its economy to a more inclusive, environment-friendly, and sustainable growth path, the sustainability in the end will mean higher incomes in the country, with even larger gains in consumption and living standards -- a result good for both China and the rest of the world, IMF Managing Director Christine Lagarde has said. Sustainable growth …

Give China its due in global economy
10 years, 2 months ago

Give China its due in global economy

China Daily  

The history of international economic cooperation teaches us one important lesson: every form of cooperation will die, essentially if not formally, if it does not adapt to new conditions. European governments have had great trouble accepting that shared responsibility for global economic institutions inevitably means diminishing power and influence for Europe. In fact, European countries, not the United States, are …

China has policy buffers to sustain growth: World Bank[1]- Chinadaily.com.cn
10 years, 2 months ago

China has policy buffers to sustain growth: World Bank[1]- Chinadaily.com.cn

China Daily  

Export-bound engineering machinery at Lianyungang port, Jiangsu province. Report: Fiscal position adequate to deploy stimulus against slowdown China has adequate policy buffers to arrest steep falls in economic growth and to maintain domestic demand this year, amid bleak prospects for the global economy, said a report published by the World Bank on Wednesday. The bank's biannual Global Economic Prospects report …

Navigating policies for the new normal[1]- Chinadaily.com.cn
10 years, 2 months ago

Navigating policies for the new normal[1]- Chinadaily.com.cn

China Daily  

Employees at an automobile factory fine-tune a vehicle in Qingdao, Shandong province. Several major forces are driving the global outlook: soft commodity prices, persistently low interest rates but increasingly divergent monetary policies across major economies, and weak world trade. The World Bank projects a 7.1 percent growth in GDP for 2015, followed by 6.9 percent in 2016 - still impressive, …

Finding the right direction[1]- Chinadaily.com.cn
10 years, 2 months ago

Finding the right direction[1]- Chinadaily.com.cn

China Daily  

Song Chen/China Daily While forecasts for nation's GDP vary, its slowdown affects the global economy This year has started amid a climate of considerable global economic uncertainty. The recent collapse in the oil price, while a fillip to oil importing countries, has negative effects on not only Russia but also African economies like Nigeria and Angola, which are major producers. …

Shaping future global engagements[1]- Chinadaily.com.cn
10 years, 2 months ago

Shaping future global engagements[1]- Chinadaily.com.cn

China Daily  

China must keep counteracting false stereotypes about its role in developing regions such as Africa The scale of China's global engagement is astonishing. By the time China entered the World Trade Organization, "going out" was the obvious strategy for Chinese companies seeking resources, investment opportunities and markets globally. Structural reforms in the Chinese economy ushered in a wave of outward …

Power shift will fuel IMF restructuring[1]- Chinadaily.com.cn
10 years, 11 months ago

Power shift will fuel IMF restructuring[1]- Chinadaily.com.cn

China Daily  

As China has started to fulfill its economic potential of the past 20 years, it has become one of the key global economic players. It is unsurprising then that the International Monetary Fund predicts that by 2020 the emerging countries, of which China is easily the largest, will contribute almost the same to global growth as the advanced global economies, …

Rebalancing of the economy[1]- Chinadaily.com.cn
11 years ago

Rebalancing of the economy[1]- Chinadaily.com.cn

China Daily  

Behind the slowdown of the growth rate is the necessary shift from an outdated model to a new sustainable one Once again, all eyes are on emerging markets. And, of course, China's outsize backstop of $3.8 trillion in foreign-exchange reserves provides ample insurance in the event of intensified financial contagion. Yet a superficial fixation on China's headline GDP growth persists, …

Economic Watch: China and the Global Economy
11 years, 8 months ago

Economic Watch: China and the Global Economy

China Daily  

Economic numbers that won't add up "A market economy can necessarily only be 'profit led growth'. The attempt to apply 'consumption led growth' would actually lead to a lower rate of consumption growth" Resilience of the Chinese economy "I want to applaud the new Chinese leadership. China to 'lead global economic growth' "Global GDP growth will almost certainly come from …

Slow and steady crawl toward economic reform
14 years, 5 months ago

Slow and steady crawl toward economic reform

China Daily  

Joseph Christian Slow and steady crawl toward economic reform By Joseph Christian Updated: 2010-10-22 15:53 At the tail end of China's National Day break, Vice-Premier Li Keqiang was busy shaking hands and giving speeches during an inspection tour in Henan province. At the outset of the nation's economic reforms, if China focused on its domestic markets there would have been …

Problem of plenty
18 years, 2 months ago

Problem of plenty

The Hindu  

While the U.S.' role in global growth and crisis is well known, China is now emerging as the cause of capitalism's crisis of overproduction. China's 8-10 per cent annual growth rate has probably been the principal stimulus of growth in the world economy in the last decade. As a result, idle capacity in such key sectors as steel, automobile, cement, …

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