Economy of the People's Republic of China
Economy underpins power transition, political scandal in China
China is at a crossroads. The economic engine that has allowed its political leaders unprecedented peace and prosperity in the Communist nation, is slowing and the leaders there recognize that changes will be need to continue growing. But that’s proving difficult, and coming at the same time the nation attempts a power transition and deals with a political scandal.
What’s Ahead for China in the Year of the Dragon?
Monday marks the beginning of 4709 in the Chinese calendar, the “Year of the Dragon”. A strong, fiery, and auspicious cultural symbol, the lunar year ahead holds the potential for seismic change. In addition to the generational transitions set for its government, military, and the Communist Party, some experts are claiming 2012 will be the […]
China’s Economic Engine Slows Down
China’s economy, the world’s second-largest, grew at its slowest pace in more than two years, latest government figures show. Gross domestic product expanded by 8.9 percent in the three months to the end of December, from a year earlier. That is down from 9.1 percent in the previous quarter. The statistics bureau data showed that […]