Governments around the world face significant challenges in reviving and then sustaining growth in an increasingly complex global economy.
Forum founder says 'no other choice but to act collectively and responsibly'
The Huayuankou Economic Zone, in the picturesque coastal city of Dalian, was plagued by salt water, when the local government, starting from scratch, had the idea of developing it and bringing benefits to all, according to its Party chief.
China's economic and social development plan for the 2011-2015 period is on the right track for China's sustainable growth, with challenges lying ahead, said Peter Sands, Group Chief Executive of Standard Chartered.
Editor's note: This year, China begins implementing the 12th Five-Year Plan (2011-15) that maps out profound economic and social transformation. Understanding the changes to come is vital for every company operating in the world's biggest market. BMW invited some of the country's top scholars to offer their perspectives on the big picture.
Acting Managing Director of the International Monetary Fund (IMF) John Lipsky said Thursday that the transformation of China's economic growth pattern is important to the rest of the world.
To overcome the complicated global economic woes, China's economy is in dire need of accelerating the process of transformation, said Li Yang, vice president of the Chinese Academy of Social Sciences (CASS).
The global economy is entering "a danger zone" this autumn and China should hasten the transformation of its economy from being export driven to consumption-led, Robert Zoellick, president of the World Bank, said.
The growth rate of China's economy is likely to fall below 9 percent next year, pulled down by the deteriorating economic momentum of the largest developed countries.
The growth rate of China's gross domestic product (GDP) in 2010 was modified up by 0.1 percentage point to 10.4 percent from a year earlier, the National Bureau of Statistics announced on Sept 7.