New york stock exchange _ the forecast of china’s economy for 2017


For the eighth year in a row, the National Committee on U.S.-China Relations and Peking University’s China Center for Economic Research (CCER) brought together leading Chinese and American economists for panels on China’s economy in 2017 and beyond. Currency converter rs to usd Held in the NYSE Boardroom, the discussions focused on the progress of reform, the real estate, credit & stock markets, and the potential effect of the incoming administration’s policies on U.S.-China economic relations

In the first panel of the day, Nicholas Lardy, Senior Fellow at the Peterson Institute for International Economics, noted that in early 2016 economists had predicted a weakening of the Chinese economy in the coming year. Rub usd exchange rate However, he said, a slow-down did not occur and the outlook for 2017 is generally optimistic. Historical exchange rates usd cad Lardy attributed this strength to a number of factors – principally that consumption per household had continued to increase, which contributed approximately 70% of overall economic growth in the country.

Lardy also pointed to a healthy debt-to-income ratio in Chinese households – around 70% – which indicates a manageable amount of credit leverage and overall financial stability.

The panelists in the second session of the day agreed that there is a tendency among observers to place too much emphasis on the percentage of GDP growth alone as the leading measure of economic health.

Xu Gao, Chief Economist at China Everbright Securities, said that China’s economy should be evaluated at a deeper level, taking into account the real quality of growth and the factors by which it is driven. Exchange rate usd gbp These include considerations such as job creation, the crafting of efficient regulations, and currency stability.

Much of the conversation in the last panel of the day revolved around potential threats to China’s economy. 1 usd to zwd Lu Feng, Director at the China Macroeconomic Research center, noted that there is a large degree of uncertainty around U.S. Exchange rate us to india international trade policy with the forthcoming change in presidential administration.

The panelists agreed that the priority for China and both the outgoing and incoming U.S. Feeder cattle futures market prices administrations should be the management of relations between the two countries, and that both nations should focus on finding common ground and a stable base upon which to set economic cooperation.

In his closing remarks, John Tuttle, NYSE’s Global Head of Listings, commented: “Our history with China dates back more than a century. Flower tattoo designs This year marks the 30th anniversary of the historic ‘China-United States Symposium on Financial Markets’ – a first-of-its-kind exchange of ideas between U.S. Investing com aud usd and Chinese financial and political officials sponsored by the New York Stock Exchange and the People’s Bank of China. Nyse futures exchange The NYSE is proud to list dozens of companies from Greater China with a total global market cap of $1.2 trillion.”

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