What's news
Govts & policies
China to 'remain as growth engine'
China will remain as an engine of global economic growth in 2017 due to its stability in an uncertain international context, said Argentine sociologist Josefina de Rosa. China's new normal of economic growth has allowed its economy to grow steadily, de Rosa said, citing China's average growth of 6.7 percent in the first three quarters of 2016. "The predicted hard landing did not happen," she said. "China's proposals...which were materialized at the Hangzhou G20 Summit, concerning the Belt and Road Initiative and the Asian Infrastructure Investment Bank, are examples of its importance," de Rosa said. "China will continue being an engine of global growth in 2017. Its stand for globalization and against protectionism are helpful, when other economies are facing uncertainties from a slow recovery," she said.
