How China and the US can boost the global economy (The Christian Science Monitor)?
The Christian Science Monitor – China’s role in the international policy debate has been rising in tandem with its growing economy. As a key member of the G-20, China is helping to elaborate the global policy priorities for the future and devise solutions to global problems. » Full Story on Yahoo! News Sources: http://news.yahoo.
China’s role in the international policy debate has been rising in tandem with its growing economy. As a key member of the G-20, China is helping to elaborate the global policy priorities for the future and devise solutions to global problems. What are the principal challenges for the world as it begins to emerge from the global crisis? And what can China do? The global economy appears to have turned the corner at last. The recovery is uneven and not yet self-sustaining, but many emerging economies – especially in Asia – are turning around strongly. Indeed, in China, we project growth of 8.5 percent for 2009 and 9 percent in 2010. While the global outlook has thankfully improved, we still face considerable policy challenges. The biggest risk is a premature withdrawal of policy stimulus. While it is prudent to plan for so-called exit strategies, policymakers should keep supportive measures in place until a recovery is firmly established, and particularly until conditions are in place fo
Beijing – China’s role in the international policy debate has been rising in tandem with its growing economy. As a key member of the G-20, China is helping to elaborate the global policy priorities for the future and devise solutions to global problems. What are the principal challenges for the world as it begins to emerge from the global crisis? And what can China do? The global economy appears to have turned the corner at last. The recovery is uneven and not yet self-sustaining, but many emerging economies – especially in Asia – are turning around strongly. Indeed, in China, we project growth of 8.5 percent for 2009 and 9 percent in 2010. While the global outlook has thankfully improved, we still face considerable policy challenges. The biggest risk is a premature withdrawal of policy stimulus. While it is prudent to plan for so-called exit strategies, policymakers should keep supportive measures in place until a recovery is firmly established, and particularly until conditions are i
