China to ‘re­main as growth en­gine’

China Daily (Canada) - - BUSINESS -

China will re­main as an en­gine of global eco­nomic growth in 2017 due to its sta­bil­ity in an un­cer­tain in­ter­na­tional con­text, said Ar­gen­tine so­ci­ol­o­gist Jose­fina de Rosa. China’s new nor­mal of eco­nomic growth has al­lowed its econ­omy to grow steadily, de Rosa said, cit­ing China’s av­er­age growth of 6.7 per­cent in the first three quar­ters of 2016. “The pre­dicted hard land­ing did not hap­pen,” she said. “China’s pro­pos­als...which were ma­te­ri­al­ized at theHangzhou G20 Sum­mit, con­cern­ing the Belt and Road Ini­tia­tive and the Asian In­fra­struc­ture In­vest­ment Bank, are ex­am­ples of its im­por­tance,” de Rosa said. “China will con­tinue be­ing an en­gine of global growth in 2017. Its stand for glob­al­iza­tion and against pro­tec­tion­ism are help­ful, when other economies are fac­ing un­cer­tain­ties from a slow re­cov­ery,” she said.

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