In latest economy news; Bloomberg quoted Mr. Su Ning that China’s economy showing positive sign. This came immediate after when some indicators shown that China is no more going to remain the fastest growing economy in comparison to its nearest rival India.
Mr. Su Ning, who is the Vice Governor of People’s Bank of China, said that the world’s third biggest economy is showing positive signs and the government is staying confident. According to Su, they are confident and will fight through the difficulties, while the overall situation is stabilizing; the economy’s fundamentals are still not solid, quoted by Bloomberg news.
I have seen that Chinese economy is more trusting on propaganda rather then understanding limitations of their economic capabilities. They are always eager to prove themselves accurate.
Exports and Unemployment are two major concern of China. Both together directly effected the gross domestic production as well as local consumptions.
Like Americans, Chinese too moving to show fast recovery and prove the communist economic model better then most open economies. But again the biggest mistake they are doing is similar as Americans; not waiting for natural healing.
We have seen in past that economies do take longer time then expected if they are not fundamentally strong. China is still not working to grow domestic consumption and cut-out its dependency on exports; which is the key to fight out with present depression. China’s close economic rival (India) sustained global shocks due to its local markets and lesser dependency on international consumption/exports.
Another warning for China that the Chinese banks must learn from Indian banks those are still cautious for landing money in unstable market. Indian’s proved better then Chinese and Americans for holding vital decision. Especially liberal landing policy is still not been opted.
China have got to study from their national animal; the giant panda. It takes a long time to grow. Patience is the key. Sometimes it’s good to look into neighborhood, when you are not getting great ideas for long term sustainability.
Mr. Su Ning, who is the Vice Governor of People’s Bank of China, said that the world’s third biggest economy is showing positive signs and the government is staying confident. According to Su, they are confident and will fight through the difficulties, while the overall situation is stabilizing; the economy’s fundamentals are still not solid, quoted by Bloomberg news.
I have seen that Chinese economy is more trusting on propaganda rather then understanding limitations of their economic capabilities. They are always eager to prove themselves accurate.
Exports and Unemployment are two major concern of China. Both together directly effected the gross domestic production as well as local consumptions.
Like Americans, Chinese too moving to show fast recovery and prove the communist economic model better then most open economies. But again the biggest mistake they are doing is similar as Americans; not waiting for natural healing.
We have seen in past that economies do take longer time then expected if they are not fundamentally strong. China is still not working to grow domestic consumption and cut-out its dependency on exports; which is the key to fight out with present depression. China’s close economic rival (India) sustained global shocks due to its local markets and lesser dependency on international consumption/exports.
Another warning for China that the Chinese banks must learn from Indian banks those are still cautious for landing money in unstable market. Indian’s proved better then Chinese and Americans for holding vital decision. Especially liberal landing policy is still not been opted.
China have got to study from their national animal; the giant panda. It takes a long time to grow. Patience is the key. Sometimes it’s good to look into neighborhood, when you are not getting great ideas for long term sustainability.
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nice artical sir, i agree that indian economy is better then china's
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