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Inclusiveness consolidates foundation for world economic growth

Inclusiveness consolidates foundation for world economic growth

Development imbalance is the greatest imbalance confronting today’s world. Chinese President Xi Jinping noted at the G20 Hangzhou Summit that the world economic recovery remains weak, weighed down by insufficient drivers of growth and negative impact of regional and international hot-spots and global challenges.   That’s why the summit actively advocated inclusive and interconnected development. […]

Innovation opens up new possibilities for global economic growth

Innovation opens up new possibilities for global economic growth

The world economy is currently confronted with slackening growth and rapidly mounting risks. Unilateralism and protectionism, placing severe impacts on the international order and the multilateral trading system, have become the largest risks that threaten global economic stability. “Innovation holds the key to fundamentally unleashing the growth potential.” Chinese President Xi Jinping’s remarks on building […]

Final Consumption contributed 76.2 percent to China’s economic growth

Final Consumption contributed 76.2 percent to China’s economic growth

The 6.6-percent economic growth China maintained last year was not an easy-won achievement especially given the fact that the country’s economy has been developing rapidly for 40 years since reform and opening up, said Yang Decai, director of the Department of Economics at Nanjing University. Yang, who is also a member of the 13th Chinese […]

Moody’s revises down 2019, 2020 economic growth outlooks for S. Korea

Moody’s revises down 2019, 2020 economic growth outlooks for S. Korea

Global credit rating setter Moody’s Investors Service revised down its outlook for South Korea’s economic growth for 2019 and 2020, its latest report showed Monday. “We forecast real GDP growth in South Korea slightly above 2 percent in both 2019 and 2020, markedly lower than the 2.7 pct growth in 2018,” Moody’s said in “Global […]

Chinese economy runs stable despite of mounting global protectionism

Chinese economy runs stable despite of mounting global protectionism

Chinese economy has been running in a stable pace in the first half of 2018, despite of the rising tide of trade protectionism and the uncertainties emerging in the process of global recovery. The International Monetary Fund (IMF) forecast in late July that China’s economy will grow 6.6 percent in 2018-unchanged from its April projection-in […]

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