China in Transition?
World Economy

China in Transition?

Markets shouldn’t be concerned about the cooling in the world’s second-biggest economy, as China is transforming to a consumer driven economy, Alibaba founder Jack Ma told RT. “The consumption is going up, the services are going up, the new high-tech business is going up, but the traditional business is going down,” said Ma at the World Economic Forum in Davos. He also said China is trying to transit from an export to an import driven economy. “The next two or three years may be challenging. If the job market is there, if the consumption of China continues to grow…,” he added.

Short URL : http://goo.gl/0R1DPA
  1. http://goo.gl/Hi95xU
  • http://goo.gl/ZYgNjj
  • http://goo.gl/0fDmvl
  • http://goo.gl/Glm13M
  • http://goo.gl/e4U5bZ

You can also read ...

Report says China’s economic development must rely on integration between innovation and industrial production,  and work must be done to ensure that innovation progress was passed on to production.
China's new economy will account for an estimated 12% of the...
The process of building a new government could take weeks, so markets may well move on from the result quickly.
Politics dominated trading on Monday, with the euro sliding as...
World countries are casting a shadow on the future of the global economic system.
Next month, when finance ministers and central bank governors...
TPP Nations Making Progress
The Trans-Pacific Partnership nations have made progress...
EU Seeks Protection for Uber-Style Jobs
The European Commission said on Monday it wants more social...
Japan PM Announces $17.8b Economic Stimulus Package
Japanese Prime Minister Shinzo Abe said he would seek to...
US to See Slower Growth
The pace of US economic growth will stay stuck in the low 2%...
The economy’s return to growth has eased pressure  on the authorities.
Now that Nigeria’s economy is recovering from its worst slump...