Arab Today, arab today china one of forces driving growth in global economy
Last Updated : GMT 16:55:59
Arab Today, arab today
Arab Today, arab today

China one of forces driving growth in global economy

Arab Today, arab today

Arab Today, arab today China one of forces driving growth in global economy

Market in China
Brussels - XINHUA

China, along with several other key Asian countries, is "one of the forces driving growth" in the global
economy, the Secretary-General of the China Reform Foundation told an international conference in Brussels on Saturday.
Dr. Fan Gang told the German Marshall Fund's annual Brussels Forum that Asia is a "dynamic" economic region at the moment.
China and India, said Dr. Fan, are currently experiencing a 7 percent growth rate, with Indonesia at 5.5 percent.
He also pointed to the fact that several European countries have joined the newly-created Asian Investment Bank for Infrastructure (AIIB) as evidence of positive global developments in the region.
He said that since the Chinese economy suffered overcapacity in 2009-2010, the country has returned to a growth rate of 7 per cent.
"Structurally speaking, China is slowing down, but we have returned to a normal growth rate. Weare back to normal, and the country has stabilized."
He added that after experiencing "a huge surge" in investment in 2009-2010, internally China now manages a saving rate of 1 percent each year.
He said that globally "China is investing outward. In 2014 for the first time ODI (outward direct investment) surpassed FDI (foreign direct investment)."
There are moves in China to further open market for services sector with global partners, according to Dr. Fan.
He added that increased trade agreements between China and the EU would "benefit everybody." Such agreements, he said, "are not just about trade, but about the framework in which it is structured."
When asked what is the biggest threat to global growth, Dr. Fan said it would be "a currency war," which, he said, "is a big question for our region."

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china one of forces driving growth in global economy Arab Today, arab today china one of forces driving growth in global economy

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china one of forces driving growth in global economy Arab Today, arab today china one of forces driving growth in global economy

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Girl barred from Malaysia chess competition

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday