Latest News:  
Beijing   Sunny    26 / 12 ℃  City Forecast

People's Daily Online>>Opinion

World to enhance confidence on China's stable development

By Zhong Sheng (People's Daily)

17:15, April 13, 2012

Edited and translated by People's Daily Online

Although Asia's economic development may slow down, China is still the strongest driving force of economic growth, said the latest report published by the Asian Development Bank on April 11, 2012. This is an objective evaluation on Chinese economy.

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.



【1】 【2】

Email|Print|Comments(Editor:李昆仑)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Kim Jong Un attends unveiling ceremony of statues of former leaders

  2. PLA submarine chaser group in attack-and-defense drill

  3. Eight lamas awarded highest academic degree

  4. House comes down

Most Popular

Opinions

  1. Security cooperation is SCO's shining point
  2. Syria ceasefire is not negotiable
  3. Freedom of speech does not protect rumors
  4. China's state-owned firms not 'non-market' entity
  5. China should be patient during peaceful rise
  6. Respond calmly to 'China threat theory'
  7. Why are Chinese goods more cheap abroad?
  8. Hold mainstream of China-ASEAN relations
  9. Asia-Pacific countries should promote free trade
  10. Anelka cannot save Chinese football

What's happening in China

Online shopping gaining popularity

  1. Suspected killer of five apprehended in E. China
  2. TV services reach China's remote rural regions
  3. China launches oil spill response vessels
  4. Storm delays flights in south China
  5. 1st Confucius Institute in N. Ireland opens its doors

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai