Synopsis E-book: Central Bank Tntervention In The FX Market
The economic powerhouse of the global economy —China —is slowing down, with a potential real estate bubble, inflation, and interest rate hikes hanging over its head. And yet by most countries’ standards, China’s moderating GDP growth — expected to be in the high single digits this year after 10.3 percent in 2010 — remains supercharged. And Asia ex-Japan is forecasted to be the strongest region in the world in 2011, as its ongoing modernization and development continue to power ahead. What this means for the region and global currency market long-term has yet to play out, but for now the country remains a force to be reckoned with.
On a purchasing power parity basis, China accounted for nearly one-third of overall global growth in 2010, according to Paul Sheard, global chief economist at Nomura. That represents roughly two-and-ahalf times as much as the U.S., Western Europe, and Japan combined. Chinese real GDP has grown at an average annual rate of 10.1 percent over the past 30 years.
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- Language: English
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