Global GDP growth is forecast at 3.2 percent in 2019 and is expected to improve to 3.5 percent next year, according to the IMF's World Economic Outlook released in July. Some analysts believe the IMF may downgrade forecasts in an updated outlook due out next month after some major economies reported softer growth for the second quarter.
Global publics also tend to express positive views about China. A median of 47 percent across the 38 countries surveyed have a favorable opinion of China, while 37 percent have an unfavorable view, the survey found.
General view of a monumental flag of Mexico in Cancun, Quintana Roo, Mexico, Feb 24, 2019. [Photo/IC]
Giovanni Pino, director of the Australian sourcing service provider Sourci, said China would be producing more high-quality equipment, more higher priced and higher value goods as the country moves up the value chain and its manpower develops greater technical skills.
Generally, the RMB exchange rate against the US dollar and that against a basket of currencies based on trade have remained balanced, although sometimes the rates showed slight deviations.
Given the increased uncertainty in open markets and the soaring value of assets, sovereign wealth funds have been showing more interest in alternative assets, Tu said at the Shanghai Finance Forum jointly held by the Shanghai Advanced Institute of Finance at Shanghai Jiao Tong University and China Academy of Financial Research.
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German regulatory officials have launched an investigation to find out whether Amazon’s business practices toward sellers in its marketplace are unfair.
Given the wide variety of functions and tasks that departments perform, they could choose which specific areas would see a reduction, said Wang Dehua, a researcher at the National Academy of Economic Strategy, under the Chinese Academy of Social Sciences.
German companies were able to adapt easily to doing business in China on the back of a good regulatory environment, the rule of law, and openness to foreign investment.
Given the aging population in China and the way the country has been managing the retirement and the pension system, there are a lot of growth opportunities for private insurers, said Kimura, who also sees a growth trend in multi-generation management of insurance in China, which is related to retirement and the adoption of the nation's second-child policy.