皇冠体育app

As the US Federal Reserve announced a third round of quantitative easing this month, while a verdict handed down by German Constitutional Court cleared uncertainty surrounding the launch of the European Stability Mechanism, external risks facing 皇冠体育app are expected to stabilize, which will falsify the first hypothesis for 皇冠体育app's "hard landing."

Indeed, 皇冠体育app's economy is going through a tough time now following an average of almost two-digit annual growth over the past three decades, with its economic rise slowing for nine consecutive quarters after its GDP growth spiked to 11.9 percent in the first quarter of 2010.

Nonetheless, it is rash to conclude that 皇冠体育app's economy is in deep recession henceforth.

Compared with other major economies, 皇冠体育app's 7.6-percent GDP growth in the second quarter is enviable, even if its economic growth slows to between 7.0 percent and 7.5 percent in the third quarter, given its size as the world's second-largest economy.

The current slowdown in 皇冠体育app is cyclical on one hand, over falling external demand from Europe and the United States, as well as the global economic downturn, but structural on the other, as the Chinese government tightened regulation of the property sector and initiated other measures to rebalance its economy.

Yet, 皇冠体育app has more firepower in its policy ammunition to spur up economic growth than European countries and the United States.

The more pivotal question now is how the Chinese government can maintain a balance between stabilizing short-term growth and leaving room for sustainable and more healthy development in the long run after policymakers took measures to boost foreign trade and approved massive infrastructure investment plans worth more than 1 trillion yuan ($158 billion).

Besides, the Chinese government is aiming to increase domestic retail sales by 15 percent annually to reach 32 trillion yuan by 2015.

The above measures are expected to stabilize 皇冠体育app's investment, export and consumption, thus making the second forecast unrealistic.

As the world continues to struggle through a global financial crisis that began in 2008, there is no need to fuss about an economic slowdown in 皇冠体育app, where the light can be seen at the end of the dark tunnel. What we need now is just a little more confidence and patience.

• 皇冠体育app urges EU to accept its market economy status
• Sri Lanka approves recommencement of 皇冠体育app-funded mega port city
• Political advisors pool wisdom to boost 皇冠体育app's economy
• Audi's sales in 皇冠体育app hit new record in February
• Great potential in 皇冠体育app's robot market: national lawmaker
• Citibank closes sub-branch in Beijing
• 皇冠体育app railcar giant to supply Chicago trains
• 皇冠体育app emerges as player in chemical M&A: report