sub-prime
Will East Asia suffer the US slowdown?
Submitted by Alessandro Magn... on Wed, 02/27/2008 - 13:50.
In the past few years, the world economy has done very well. Almost every nation has grown richer. In the last six months, however, bad news has been pouring in.
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TechnoratiOptimism about China's growth
Submitted by Louis Kuijs on Fri, 02/22/2008 - 12:26.
As you may have heard, our new World Bank Chief Economist is Chinese, so it was with interest that I watched a short interview of him on Bloomberg about China's economy:
Is China de-linking from the U.S. economy?
Submitted by David Dollar on Wed, 02/20/2008 - 12:17.
The year 2007 was an important milestone in modern economic history. While the U.S. grew well, China contributed more to global GDP growth than the U.S. did. That pattern is likely to continue for the foreseeable future. Roughly speaking, the U.S. economy is about four times the size of China’s. If the U.S. grows at 2% -- which is solid for an advanced economy – and China continues to grow at 10+%, then China will be adding more to global GDP each year than any other country. The same can be said for global trade: China’s imports have risen 28% in the past year, so that it is an increasingly important source of demand for other countries.
The growing importance of China in the global economy is the main reason that we have launched this China Development Blog. There is huge interest in the prospects for China and in what is actually happening on the ground here.
