China becomes major engine for the global economic growth:
A recent data has been released by the International Monetary Fund, showed that the giant China is significantly contributing strongly over all global economic growth with a great surprised. Actually according to the IMF, China contributed above 1.2% points over global economy growth in 2016 as the world's major economic growth engine, while the United States contributed 0.3% points and the European Union contributed 0.2% percentage points.
China's economy is shifting toward a development model of lower rate and higher quality, while structural reforms allow its economy to upgrade and eventually unleash new vitality and continue to serve as an engine of global economic growth.
According to the report, China was the global top contributor over global economic growth in 2009 and its contribution to world growth has since been helping other countries to contribute over global economic growth. Besides, due to huge home demand and facilities, China has already imported about $9.00 trillion dollars over the last five years from other countries, has helped drive the economic growth of countries worldwide.
On the other hand, China will absolutely be obtained a higher national economic growth for the next few years for its huge demand of raw materials and manufactured goods and it may support strongly for growth in many countries around the world.
At present, China has already been appeared as a global top and important foreign investor and is a valuable source of foreign investment in many countries. The total foreign investment of China has increased by $153.00 billion dollars (1,070 billion yuan) from January to November 2016, representing a strong and positive increase of 55% percent from last 2015. It may generally be hoped that the foreign Chinese investment and infrastructure development is expected to rise further with a great speed.
Sherazur Rahman, Assistant Teacher, Joykuri Government Primary School, Singra, Natore, Bangladesh. sherazbd@gmail.com
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