Thursday, 03 December 2020


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China anymore no longer wants to be a 'locomotive' for other countries?

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While Western experts predict that China is on the verge of an economic collapse, for Russian economists the Asian country could be taking advantage of this time of economic stagnation to solve the problems that have accumulated. China continues to progress, but at a slower pace. The Asian giant has not promised anything to anyone, says economics professor Avdolushin Evgueni, and stresses that the country has no intention of remaining as 'locomotive' for other economies. In your opinion, in the near future, the Chinese authorities will have to focus on three key issues: demographic factors, the shortage of energy resources and environmental issues. "Over the next 10 years the GDP growth rate will not fall to 6%. Likely be kept at a level not less than 7%," said the Russian channel 'Vesti' Chinese economist Fan Mintai, stressing that the problems of interbank liquidity in the country and sector loans are solvable. Beijing is already resolving these problems. Thus, the Central Bank of China has strengthened the regulation and introduced new requirements for banks, demanding financial institutions to "manage liquidity", noted the Economist. The official prognosis of Beijing's growth of GDP for this year is 7.5%. Last year, the figure reached 7.8%. The average rate of growth the GDP China's from 1999 to 2012 is 9.9%. The Purchasing Managers Index (PMI) of China HSBC fell to 48.2 points on a 100 point scale. This marked a slowdown from 49.2 in May. A separate measure of the China Federation of Logistics and Purchasing which decreased to 50.1 from 50.8 in May.   [caption id="" align="alignnone" width="630"]Corbis / RT Corbis / RT[/caption] Source:
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