China needs this growth to raise its low standard of living.
Not exact matches
China's economic rebalancing towards more consumer - oriented
growth has global businesses cautious, but pessimists
need only look at the country's annual e-commerce event for a powerful reminder of consumer buying power.
Riding a string of disappointing quarters amid weak global demand, Potash Corp.
needs to increase its sales in
growth markets, particularly India and
China.
«As
growth slows and risk of deflation heightens, we reiterate that
China needs to cut reserve requirement ratio (RRR) by another 50bps in Q4,» ANZ economists Li - gang Liu and Louis Lam, said in a note.
Maybank - KimEng said both companies likely
needed the deal to gain access to «a bigger playground,» noting Geely's potential in
China was capped by moderate
growth and Malaysian auto sales appeared to have hit a saturation point.
We don't
need M&A to deliver our
growth and we are very much focused on our strategy of driving
growth by accelerating our core products, by continuing to expand into white spaces like chocolate in
China, chocolate here in the US, and continuing to expand our position in all kind of — all retail channels including e-commerce.
Raymond Yeung, Greater
China chief economist at ANZ in Hong Kong, said that
China needs to pay attention to high loan
growth even if more funds are now flowing into real investment rather than speculative activity.
This was why financial repression, although useful in the early stages of
China's
growth period because it turbocharged investment, ultimately became one of the county's biggest problems once investment no longer
needed turbocharging.
Third, when
China desperately
needed investment early in its
growth period, this
growth in economic activity represented real
growth in wealth.
This may also be why PBoC Governor Zhou — who was among the first senior policymakers, I believe, to recognize the urgent
need for
China to rebalance economic
growth away from the current debt - addicted model — seems to be among the key economic decision - makers.
With
growth falling below 7 percent,
China's economy is in dire
need of a makeover.
The South
China Morning Post has an article claiming that President Xi is also very much on board with the
need to change the underlying
growth model:
China has managed to meet the GDP
growth target of 6.7 percent, the level of economic activity presumably
needed to keep unemployment from rising, only by increasing total debt by a frightening amount equal to a 40 — 45 percentage points of GDP.
And third, assume that
China continues to have as much debt capacity as
needed in the current period to fund the amount of activity required to meet the GDP
growth target.
In his report, he writes, «reforms are
needed to ensure
China's long - term financial stability and reestablish rapid but more sustainable
growth.
Attempts to export its excess savings can only lead to one of three outcomes: A) global
growth rises because Europe's savings are all directed at developing countries with significant infrastructure investment
needs and insufficient capital, B) global
growth drops sharply, global unemployment rises, and
China's adjustment becomes all but impossible, C) international trade and capital flows collapse in a repeat of the 1930s, so that Europe is forced to resolve its savings imbalance either by a massive increase in unemployment or a wave of sovereign defaults.
Given the
need to deleverage the economy after seven years of very rapid credit
growth and given the slow
growth of
China's more developed trading partners, it seems inconceivable that there could be any significant upturn in the
growth rate anytime soon.
China Planning More Infrastructure Projects for
Growth, NDRC Official Says
China needs more subways, highways and sewage plants, and construction of that infrastructure will help the economy, a senior planning official said.
The key drivers of the Savings Glut, however, have weakened or reversed:
China's
growth is rebalancing toward domestic consumption, and its stock of foreign exchange (FX) reserves has declined; other Asian emerging markets have already accumulated sufficient FX reserves and no longer
need to accumulate assets; and the plunge in oil prices is forcing a number of oil exporters to reduce savings to delay or smooth the adjustment in expenditures.
«It leverages state control of the financial system to channel low - cost capital to domestic industries — and to resource - rich foreign nations whose oil and minerals
China needs to maintain rapid
growth.»
Mr. Blanchard said, however, that
China's
need to contain escalating risks in the financial sector without excessively slowing
growth will be a major challenge «and a delicate balancing act.»
one only
need look at the Church ih
China today and it's
growth under Communist persecution to get a mirror image of what it was like for first through third century Christian's as well as Revelation 6:9 - 11 then 14 - 17 nine through elven are the martyrs and 14 through 17 is a glimpse of judgment for men of war!
The expertise and technology services will be crucial to the Chinese economy, says Buckingham, because as
China relies more on domestic consumption it
needs more innovation to sustain GDP
growth.
He also quietly muses about his own Chinese lineage being a plus in the current corporate world, where just about every firm
needs a «
China strategy» on how to tackle one of the world's biggest
growth economies.
With
China expected to experience rapid
growth in clinical trials over the short term, the Australian industry
needs to remain competitive by focusing on quality factors as a differentiator.
To meet
China's market consumption
growth, food and beverage companies
need to understand how Chinese consumers evaluate and buy goods.
Pan: Per capita, they are still obviously way behind the United States and other industrial nations and there is this argument that the United States and the West, you know, they went through their industrial revolutions and we
need to go through ours, but still that ignores the argument that the others, the lessons learnt, you know,
China should be able to take a different path and there is a budding environmental movement right now in
China, trying to put pressure on the government to do something about this, but again, you know, these officials are addicted to economic
growth.
«We
need only to look to
China to see the consequences of rapid
growth on emissions in a country of a billion - plus people,» says Roger Pielke Jr at the University of Colorado in Boulder.
We first
need to look for geographic
growth, and most of that's going to come from
China... so we can seek to get
growth for the existing car lines with the current investment level from those markets, while, in the U.S., we flatline the
growth and seek to improve the quality of the business.
Meanwhile in
China, the ruling Communist Party has mostly abandoned its pledge for badly
needed economic reforms as it seeks to maintain GDP
growth of at least 6.5 %, creating fears about a debt time bomb waiting to explode.
But ultimately,
China needs to find more sustainable engines of
growth beyond further debt accumulation by unproductive national and local SOEs, or accept slower
growth.
China had seen slowdowns in the
growth in electricity supplies recently, often because of shortages of coal or the ability to get the fuel where it was
needed.
«Chinese chief negotiator Su Wei also said
China could not impose caps on its rising emissions because it
needed time to focus on economic
growth, despite U.S. calls for tougher action by Beijing.»
The US and
China will be key to the
growth in PV, with the
need for their governments to offer solar incentives as well as reducing subsidies for fossil fuels.
But the fact is
China's desperate
need for more domestically - produced power that doesn't further degrade their dwindling water supplies or pollute their air — which will give your eyes and lungs a good burn on a stagnant day — is a major catalyst for renewable energy
growth in the Middle Kingdom.
And
China, while busily building new coalfired power stations at the rate of one a week (it has already overtaken the US as the world number one CO2 emitter), has become the new imperial power in sub-Saharan Africa, using its substantial political and economic muscle to secure control of the raw materials
needed for its future
growth, in particular African oil and gas reserves.
When mitigating anthropogenic global warming is projected to require greater than 80 % lower fossil energy use, how do we provide the transport fuel and energy for rapid
growth by developing countries while sustaining OECD economic
growth when the Available Net Exports of crude oil — after
China and India's imports — have already declined 13 % since 2005, and Saudi Arabia may
need to import oil by 2030?
Based on data since 1940,
China's emissions have been growing at a compounded annual rate of more than 7 percent, and at that rate it will not be many more decades before Chinese exponential
growth would dominate world emissions, at a time when we
need to be reducing the world exponential
growth rate below its currently alarming 2.8 percent value.
As power demand
growth is slowing from a historical average of 10 % to 3 % or less per year,
China has come to realise it
needs to take its foot off the pedal when it comes to coal capacity.
No new coal plants are
needed in
China's 13th Five Year Plan as slower power demand
growth and low carbon capacity targets squeeze coal generation out of power mix
The enormous
growth in energy generation in
China, most of which is coal - fired, adds to the urgency of the
need for a clean coal solution.
Rather the big question that Western companies trading with
China need to ask themselves is: if even the Chinese are paying attention to a more sustainable
growth model, surely we
need to, too?
China's weaknesses, including the tension between informational openness
needed for
growth and its political dangers
As one of the catalysts for the global smartphone market's surprising
growth earlier this year, Vivo may
need a little more than high - profile advertising deals to continue improving its sales numbers outside
China.
Concerns about
China's slowing economy
need to be balanced against the fact that the country's services sector, including financial services, has now become its engine of
growth,» notes Duncan Innes - Ker, Regional Editor for Asia at The Economist Intelligence Unit.
An ageing population and declining workforce means that
China will
need to raise productivity per worker and increase domestic demand to address the issue of slowing economic
growth.