Economic Trends
Chinese economy rises rapidly; likely will change its macroeconomic policies
2009-10-23
The Chinese economy has accelerated rapidly in the third quarter with a growth rate of 8.9%. However, some economists are worried that overproduction and inflation might result in unexpected risk. Looking at the future, it is more likely that the Chinese government will change its stimulating macro-economic strategy by raising the interest rate and lawful deposit reserve ratio starting from next year.
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China’s Farmers Tap Into Rural Land Market
2009-09-18
Given stronger legal protection for renting out their plots, farmers in China will boost their productivity and thus improve their living standard. In the past, farmland was owned by the Communist Party which mode the outright buying and selling of farmland illegal. With the enforcement of the current law, farmers are able to gain more returns on capital investment, as well as by working on others’ land. Through this means, China’s social problem of extreme poverty and inequality in rural areas will be reduced.
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Wen Vows To Continue China’s Stimulus Efforts
2009-09-11
In a world whose economic woes center on the U.S.-led Western financial system, China is seeking its own ways to achieve an upturn in growth by transforming its export-driven economy to a domestic consumption-driven economy. Chinese Premier Wen Jiabao is optimistic in maintaining China’s active fiscal policy—the so called ‘moderately loose’ monetary policy.
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