CHINA-GLOBALIZATION HAS REACHED A TURNING POINT
China Daily-Sept 29
Ten years since the global financial crisis, the world economy seems to be moving toward stabilization, but the risks, rather than declining, have increased significantly. Thanks to the active economic measures it took in response to the global financial crisis, China has achieved considerable results in the decade since the collapse of Lehman Brothers. In 2008, China and the United States accounted for 7.2 percent and 23.1 percent of the world’s GDP, respectively. By 2017, China’s share in the world economy had jumped 7.8 percentage points to 15 percent while that of the US increased 1.2 percentage points to 24.3 percent.
First published in: China Daily