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China

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  • Sarmiza Pencea

Abstract

All along 2012, the economic literature of the world has constantly, fervently and righteously tackled the issue of China’s economy slowing growth rate. As a great economic power, China strongly influences demand, supply and prices for a large number of merchandises, both goods and services, having a considerable direct and indirect bearing on the evolution of global markets. Its influence spreads both by way of commercial and investment channels, impacting on the economic growth of many partner countries and on the world economy growth as a whole. This reality has become more evident during the crisis years, when China’s contribution to the global growth has come to be four times larger than that of the US. As such, against the backdrop of Europe not being able yet to deal with the crisis and of the US being capable of managing only a feeble recovery, China’s growth decline acquires major significance for the global economy condition. This paper looks at China’s economic growth, as well as at other important macroeconomic parameters by 2012 and also at their short-term outlook.

Suggested Citation

  • Sarmiza Pencea, 2013. "China," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:y:2013:id:2822000009583023
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    Keywords

    China; Chinese economy; economic rebalancing; economic reform; development model; urbanization new normal; yuan; RMB; 2012;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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