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Despite the international attention given to China’s recent loans to Venezuela, such actions are consistent with China’s overall policy of seeking new opportunities for its own economic development. China walks a fine line between development trade relations with Latin American countries while trying not to alarm the United States.
Different opinions have been observed as the figure of GDP for the second quarter in China —7.6% had been released. Optimists see the glass is half full, believing the growth rate is even better than expected; however, pessimists think it half empty, claiming it’s the very start of Chinese economy’s hard landing. As far as [...]
Increasing pessimism about the Chinese economic outlook is emerging owing to the euro-zone debt crisis and gloomy recovery in the United States. Justin Yifu Lin, former Vice President of the World Bank, predicted that China can maintain 8-percent annual economic growth for the next two decades at a conference recently held in Beijing.
China’s GDP grew at 7.8% during H1, 2012, breaking the 8% psychological barrier, with Q2’s rate as low as 7.6%, the sixth consecutive quarterly slowdown. This fact has elicited panicked responses in the European and American media, and plenty of worry in China. The Wall Street Journal on July 13 predicted that China would drag [...]
Despite prophecies of gloom and doom, China is moving toward rebound – through stimulus lite.
Patriotism, it has been said, is the last refuge of scoundrels. Indeed, with 86% of the American public disapproving of Congress' performance, refuge-seeking politicians have wrapped themselves in the flag to denounce the fact that the U.S. Olympic team's uniforms were manufactured in China. Senate Majority Leader Harry Reid, D-Nevada, said he was "so upset [...]
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