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World to enhance confidence on China's stable development
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Although Asia's economic development may slow down,China is still the strong driving force of economic growth said latest report published by the Asian development bank on April 11.2o12 This is an objective evaluation on Chinese economic
The world is in a transformation period and Chinese economy is also facing the challenge. China's economic problems are mingled with that of the world, making the future of Chinese economy complicated and confusing. It seems difficult to forecast the Chinese economy. The report of the Asian Development Bank plays an important role in watching Chinese economy. Through deep analysis and comparison between different economic entities, the report made an objective judgment to the Chinese economy.
The world economy is now in the process of seeking a rebalance and every country has its own problems, even though those advanced economic entities have more accumulated experiences. Watching Chinese economy from the perspective of the world economy and Asian economy, also comparing Chinese economy with some developed and developing economic entities, we can see the differences.
Watching Chinese economy through comparison, we can know the driving force of sustainable development of Chinese economy. The reason that some western economists will make mistake when they analyze and forecast Chinese economy is that they make analysis in accordance with western economic laws. The economics is an empirical science. Therefore, the error is inevitable if they explain what will happen in China by using what had happened in Western countries
The world economy is now in the process of seeking a rebalance and every country has its own problems, even though those advanced economic entities have more accumulated experiences. Watching Chinese economy from the perspective of the world economy and Asian economy, also comparing Chinese economy with some developed and developing economic entities, we can see the differences.
Watching Chinese economy through comparison, we can know the driving force of sustainable development of Chinese economy. The reason that some western economists will make mistake when they analyze and forecast Chinese economy is that they make analysis in accordance with western economic laws. The economics is an empirical science. Therefore, the error is inevitable if they explain what will happen in China by using what had happened in Western countries
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