The advent of a new year always inspires aspirations for the times ahead. A recent report released by the United States National Intelligence Council offers the world a crystal ball to gaze into the future as far as 2030.
The quantitative easing measures of the United States, the European Union and Japan can improve expectations for the global recovery and cushion the eurozone debt crisis' impact on the global economy. But these measures will not change the weak growth of the global economy. The International Monetary Fund's predicts that global economic growth will be a mere 3.6 percent in 2013.
The Chinese stock market ended 2012 on a slight high, with the benchmark Shanghai Composite Index closing with a 3.17 percent tick-up. However, continued recovery will not be possible without real reforms this year.
China was justified in expressing its disappointment and dissatisfaction on Saturday after the United States retained restrictions on the exporting of satellites and related items to China.
I would like to evaluate the relations between Russia and China in 2012 in the context of the last 10 years and their projection into the future, as well as looking at them through the prism of global problems, on the one hand, and the interests of Russia, on the other.
Now that the leadership issues in the United States and China have been settled, we can finally frame the economic outlook for 2013 with the knowledge of who will be pulling the policy levers in the world's two biggest economies. So, what will they do, and, perhaps more important, what will economic forces do to them?
Perhaps 2012 was a year of regrets for you. Perhaps you couldn't fulfill all your goals last year. But 2012 is past, and perhaps the new year will be one of surprises and joy for you irrespective of the inherent challenges. China Daily's mobile phone readers share their experiences of last year and their hopes for the new year:
History tells us that the application and popularization of new technologies result in a cycle of global economic growth and the world economy enters a period of recession or adjustments once the new technologies cease to be the driving force of productivity. After that, a new technological revolution is needed to pull the global economy out of recession and lead it toward recovery and growth.
Diaosi, gaofushuai and baifumei are terms that people usually use to denote different groups of Chinese youth. The terms not only describe the social status of youngsters, but also point to some underlying social problems.
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