In the second quarter of 2018, the Chinese economy grew at 6.7 percent which is in line with expectations and marginally slower than the 6.8-percent growth recorded in the previous three quarters. Growth during the fi...In the second quarter of 2018, the Chinese economy grew at 6.7 percent which is in line with expectations and marginally slower than the 6.8-percent growth recorded in the previous three quarters. Growth during the first half this year also stands at 6.7 percent. Amidst the ongoing trade war with the United States, as of July 27, the renminbi （RMB） has fallen 8.2 percent against the dollar since April 2. Having fallen below 3,000 in June for the first time in two years.展开更多
Following 30years of high economic growth, China ＂s economy is in the midst of a classic transition from an industrial to a post-industrial economy. In this transition period, the mismatch between supply and demand i...Following 30years of high economic growth, China ＂s economy is in the midst of a classic transition from an industrial to a post-industrial economy. In this transition period, the mismatch between supply and demand is growing, while the country ＂s economic growth engine is weakening. Stimulus policies have aimed to maintain the country＇s economic growth momentum but they have come at the price of sharply increased financial fragility and resource misallocation, both of which are harmful to economic growth. China ＂s ＂economic transition syndrome ＂refers to the vicious cycle of slowing GDP growth, combined with increasing demand for stimulus policies, and increasing financial fragili（y and resource misallocation.展开更多
文摘In the second quarter of 2018, the Chinese economy grew at 6.7 percent which is in line with expectations and marginally slower than the 6.8-percent growth recorded in the previous three quarters. Growth during the first half this year also stands at 6.7 percent. Amidst the ongoing trade war with the United States, as of July 27, the renminbi （RMB） has fallen 8.2 percent against the dollar since April 2. Having fallen below 3,000 in June for the first time in two years.
文摘Following 30years of high economic growth, China ＂s economy is in the midst of a classic transition from an industrial to a post-industrial economy. In this transition period, the mismatch between supply and demand is growing, while the country ＂s economic growth engine is weakening. Stimulus policies have aimed to maintain the country＇s economic growth momentum but they have come at the price of sharply increased financial fragility and resource misallocation, both of which are harmful to economic growth. China ＂s ＂economic transition syndrome ＂refers to the vicious cycle of slowing GDP growth, combined with increasing demand for stimulus policies, and increasing financial fragili（y and resource misallocation.
