Chinese global economy
Watch Reade: China is largely included in the institutions and initiatives that influence the global economic order.
Both Hong Kong and Macau are free to conduct and engage in economic negotiations with foreign countries, as well as participating as full members in various international economic organizations such as the World Customs Organizationthe World Trade Organization and the Asia-Pacific Economic Cooperation forum, often under the names "Hong Kong, China" and "Macau, China".
The country has been the single largest contributor to global economic growth over the past several years, according to the IMF, contributing 31 percent on average between and Photo Credit:. During this time, China also became an industrial powerhouse, moving beyond initial successes in low-wage sectors like clothing and footwear to the increasingly sophisticated production of computerspharmaceuticalsand automobiles.
Increase Diversification Investors can mitigate the effects of a decline in any individual country by ensuring that their portfolio is properly diversified in countries around the world, including developed countries like the U. The Chinese government has put forth efforts to offset growing U.
China economic growth history
Watch Kennedy: The first thing it needs to do is get its economic house in order, and move firmly on a transition from one economic model to another. These figures are significantly higher than its eight percent contribution in the s, but some economists argue that the U. The inevitable fall in commodity prices could be beneficial, however, for other countries that consume the commodities, such as the United States and countries across Europe. However, it's worth noting that commodity futures trade based on expectations rather than reality, so the timing of these declines will depend on perception. The problem is that these changes occurred at the expense of its service sector and manufacturing has required less and less labor over time as technology has replaced jobs. Main articles: Economy of Hong Kong and Economy of Macau In accordance with the One country, two systems policy, the economies of the former British colony of Hong Kong and Portuguese colony of Macau are separate from the rest of China and each other. What do the experts think? Watch Reade: China comes to the table with some suspicions about the current global economic infrastructure. These policies had catalysed the country's phenomenal growth. The real estate market has become a major concern in and , but other asset bubbles could become equally oversized if the economy overheats and regulators aren't able to rein in growth.
Main articles: Economy of Hong Kong and Economy of Macau In accordance with the One country, two systems policy, the economies of the former British colony of Hong Kong and Portuguese colony of Macau are separate from the rest of China and each other.
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