Latest News:  
Beijing   Cloudy/Overcast    0 / 5   City Forecast

People's Daily Online>>China Business

Expert: China's economic outlook still rosy

(People's Daily)

08:25, November 30, 2011

Edited and translated by People's Daily Online

China's economy has experienced three cycles since the Reform and Opening up policy was implemented.

The peak years were 1978, 1984, 1992 and 2007, when the GDP growth rates stood at 11.7 percent, 15.2 percent, 14.2 percent and 14.2 percent, respectively. The bottom years were 1981, 1990, 1999 and 2009, with the GDP growth rates at 5.2 percent, 3.8 percent, 7.6 percent and 9.2 percent, respectively.

Every cycle lasts between nine and 10 years on average. In the current economic cycle, 2007 was the peak year, and 2008 and 2009 were the declining years. In the last cycle, economic expansion lasted from 2000 to 2007, and the decline lasted only two years from 2008 to 2009. In 2010, China's economy entered a new expansion period and the economic growth rate was 10.4 percent. Therefore, we can predict the new round of economic expansion will also last between seven or eight years.

The world economy has walked out of the shadow of depression and entered a new round of expansion in view of either the law of economic cycle or practice. The United States is the largest economy in the world, accounting for 23.6 percent of total world economy. Therefore, its economic growth situation has a significant impact on the world economic operation.

【1】 【2】


Leave your comment0 comments

  1. Name


Selections for you

  1. Medvedev, Putin meet supporters in Moscow

  2. Oh deer, I think I love you

  3. Beijing experiences its 1st snow this winter

  4. Black-headed gulls migrate from Siberia to China's Kunming

Most Popular


  1. Why is China's financial sector going global?
  2. World needs safety net against euro crisis
  3. US-Pakistan anti-terrorism coalition close to collapse
  4. China's schools on the way up
  5. What is to be done with Syria?
  6. UK mass strike shows steep learning curve
  7. China-Myanmar ties challenged by US moves
  8. China and India mustn't go for the throat
  9. Germany needs wisdom to save euro
  10. Egypt's chaos: No end in sight

What's happening in China

Full of the joys of life in prison

  1. Beijing revising housing rules
  2. Hospital head dismissed over baby scandal
  3. Injured in stable condition after blast kills two
  4. Yachting sector surfing a wave of high interest
  5. 6 schoolchildren hurt in minibus rollover accident

PD Online Data

  1. The lion dance in Guangzhou
  2. The flower fair in Guangzhou
  3. Lion dances pay New Year calls in Guilin
  4. Jiangsu´s special New Year traditions
  5. Hakka traditions in Spring Festival