The Chinese economy focuses on creating jobs
Posted by Stephen Cline on March 8th, 2010The Chinese economy is the fastest growing economy in the world. This is not surprising given the fact its government has paid a lot of attention to creating new jobs. This is quite different from some other countries which have not done so. There have been measures that the Chinese economy has taken to promote exports and higher factory output. This is why the level of growth in the Chinese economy has been so fast over the past many years. Even when there are problems, the government creates conditions to correct the situation and help in increasing the level of growth of the Chinese economy.
Given the fact that the world economy is quite week at the moment a lot has to be done by the government to ensure that the Chinese economy rate of growth is high. When the external market is not very supportive, there is only so much and not more that the internal government can do in order to help with the increase in economic growth internally. These are the challenges that the Chinese economy faces, as it tries to keep up with the pace of growth required to retain its position as the fastest growing economy in the world, against serious contenders elsewhere in the world.
Tags: Chinese economy, growth rate