China needs some success stories right now, like Haier. 30 years ago, the company started producing refrigerators and almost had to declare bankruptcy. Today, they're the world leading large appliance and kitchen appliance producer.
High levels of corporate, government and household debt are undermining China’s financial stability, the IMF said in a report. It urged Beijing to halt credit-fueled growth and bulk up on banks' capital reserves.
The World Trade Organization has issued a marked upward revision of its trade growth forecast for this year. Its regained optimism is based on stronger economic indicators in China, the US and the eurozone.
Though the West may look critically at the fact that China's Communist Party's power is increasing, within China it could mean more prosperity and a fairer distribution of wealth, writes DW columnist Frank Sieren.
In 2016, China recorded its slowest rate of growth in more than a quarter of a century, as the world's second largest economy struggles to restructure amid explosive growth in debt and fears of protectionism.
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