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ASIAdocument.write(“” + m[today.getMonth()+1]+ ” “+ today.getDate()+”, ” + theYear + ” “);HOMECHINAWORLDBUSINESSLIFESTYLECULTURETRAVELSPORTSOPINIONREGIONALFORUMNEWSPAPERChina Daily PDFChina Daily E-paperChina Daily Global PDFChina Daily Global E-paperOpinion / Featured ContributorsEditorialsOp-EdColumnistsContributorsCartoonsSpecialsFrom the PressForum TrendsTalk from streetDebateEditors Pick:Syrian refugeescyberspaceV-Day paradeshrimp scandalTPPWhy doom predictors always get it wrong when it comes to ChinaBy Yao Shujie (chinadaily.com.cn) Updated:2016-02-01 10:09Comments Print Mail Large Medium SmallSo why do doom predictors always get it wrong when it comes to China?Firstly, some pessimists always look at Chinas short term challenges and ignore its long term development capability and potential. Short term challenges and difficulties are temporal, they can be overcome if the government and the people have a strong will for success.Secondly, some pessimists do not understand that the Chinese government is far better than they thought, and that political stability is the basic foundation of Chinas success.Thirdly, doom predictors of China underestimate the ability and determination of the Chinese people who are not only hard working and intelligent, but also resilient to all kinds of challenges and shocks.China today is different from its past. The economy is well above 10 trillion US dollars, second only to the US, twice as large as Japan, and four times as large as India. A 6.9% growth is more than one-quarter of Indias annual GDP, and bigger than a medium-sized economy in the world.Chinas richest city, Shenzhen, erected from a small fishing village in 1980, now has a population of over 10 million people. Its per capita GDP is higher than that of Taiwan and is still growing at nearly 8% per year. Chinas biggest city by population, Chongqing, has over 30 million people. The citys GDP expanded by 11% in 2015 and the governments plan is to achieve 10% growth in 2016.The Chinese economic fundamentals are sound and robust: unemployment rate is low, peoples incomes are growing faster than GDP, income inequality is narrowing and energy intensity is declining.If those pessimists were in China, they would see that all the Chinese regions are still ambitious in making their 13th Five Year Plan, which is to sustain Chinas economic growth at a much higher rate than many other economies in the world. The policy objective is to build an all-round well-off society and to eliminate absolute poverty by 2020.The author is professor of economics at Chongqing University and Nottingham University.The opinions expressed here are those of the writer and dont represent views of China Daily website. Previous Page 12Next PagePrevious Page 12Next Page8.03KMost Viewed Todays Top NewsLow cost no excuse for breaking the ban on official banquetsYoungsters luxurious clothes cause of concernHiring partner for the holiday not a good ideaFalse personal records show lack of integrityConsumers wooed by better qualityForum TrendsTop 10 domestic news cartoonsTop 10 world news cartoonsOur forumites make their own 2016 calendarHow an American views China and USIs public breastfeeding appropriate?12 stories that touched the heart in 2015Squat or sit?ColumnistsThe single most important issueSupport China to gain market economy statusFeatured ContributorsBoth symptoms and causes of terrorism require strong remediesThe politics of non interference – A New World OrderStar BloggersMy study abroad in the UK By MaierweiAfter a lengthy visa application procedure, I was ready for my first lengthy stay in Europe. I left my dog with my father, jumped on a flight, and there I was, in London, UK.Single? Live differently By subeBeing single is a lifestyle. We cannot say it is an alternative. It is a well-established civil status and there are many people permanently or temporarily living single.Foreigners in China are often “illiterate” By ChevalerieApart from a few exceptions of specialists of china – native-born resident and talented students – most of the foreigners living in china are illiterate, myself included.SpecialChina Dream in expats eyes2015 China impressionPresident Xis UK visit in foreigners eye…| About China Daily | Advertise on Site | Contact Us | Job Offer | Expat Employment |Copyright 1995 -var oTime = new Date();
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