The analysis will look at the details of the growth rate of this innovative share to find out if it is really sustainable, or if it is just a cycle that might come down and need a longer time to get to the
U.S. levels. There is also discussion of could something go wrong, it could permanently impair China's progress toward that innovation share of the economy, he said.
He compared some of China's critical economic indicators in 2000 and 2017 to show its share growth in global economy. For example, in 2000, China accounted for about 3.9 percent and 3.4 percent of global exports and global imports. In 2017, they rose to the vicinity of 14 percent and 10 percent, respectively. More shocking is China's outbound investment, which rose from 0.1 percent of the global outbound flows in 2000 to just shy of 9 percent in 2017.
He stressed that as a nation of about 1.4 billion people and about 12 trillion U.S. dollars of economic activity, China's economic policy reforms in the coming years will have massive consequences and implications not only for China itself, but also for the world as a whole.
【国际英语资讯:Chinas output innovative rate to surpass U.S. in 18 months: expert】相关文章:
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2020-09-15
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