At the same time, however, rising domestic demand has kept China's growth rate relatively high- a feat that has been achieved without a substantial increase in household indebtedness.
If Chinese growth is the main driver of copper prices, why doesn't the options market react more vigorously to Chinese growth than, say, U.S. monetary policy?
China's growth and integration into the world economy create opportunities for international business but foreign enterprises face the challenge of adjusting their way of doing business in China.
As noted, the 1997-98 crisis was partly collateral damage caused by China's phenomenal growth; and current anxieties follow a modest easing of Chinese growth.
Dr Yueh is the author of several books, including: China's Growth: The Making of an Economic Superpower and Enterprising China: Business, Economic, and Legal Development since 1979.
Advancing domestic reforms and resolving trade tensions will be critical to enhance China's growth prospects and its spillover effects to the rest of the world, he added.
But, given that China's growth pattern has, so far, been exceptional, the notion that it will suddenly start following a common trajectory seems unlikely.
We believe, in the near future, College of Business, Shanghai University of Finance and Economics will be a remarkable force to contribute for China's growth and integration into the world economy.
The second risk is a sharp credit crunch in China: if a housing price drop quickly shrinks the inflated credit balance, China's growth rate will dip below 7.
In the last few years, cities' efforts have helped government infrastructure and real estate spending surpass foreign trade as the biggest contributor to China's growth.
I am particularly interest in differences in the factor contents of traded goods classified as that same commodity but with different unit prices, the impact of inward FDI in Japan, the sustainability of China's growth, etc.
Growth in China also started to slow towards the end of the 2017 and will probably continue until next year, despite a series of fiscal and monetary stimulus measures.
The growth of China has also proven how traditional cultures and etiquettes get more branded(i.e., widely viewed as delicacies) with a rise in the economy.
China's growth rebound in the first half of this year has been strongly supported by an active fiscal policy that has significantly front-loaded on-budget spending and fostered strong growth in off-budget investment in infrastructure,” Goldman Sachs writes in a note to clients.
Second, even in a relatively benign Chinese growth scenario, China's targeted efforts to move up the ladder to higher-value-added manufacturing with the help of leading edge technologies will likely disrupt established producers in Europe, Japan, the U.S., and Southeast Asia.
Despite current weakness in global energy markets and the slowdown in China's growth, demand for energy will continue to grow over the next 20 years and beyond as the world economy expands and more energy is required to power the higher level of activity.
However, the initiative, which is largely motivated by concerns about slowing growth in China and the desire to boost China's global influence, has the potential to create an inextricable debt trap in most of the countries which comes under the ambit of OBOR.
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