w88 casino News Network (Reporter Huang Huan)International Monetary Fund (IMF) published a report stating that based on purchasing power parity, the size of China’s economy is17.6Trillion dollars, more than the United States17.4Trillion US dollars, becoming the world’s largest economy. On the evening of October 9, 2014, Phoenix Satellite TV’s Global Connection column conducted an exclusive interview with Professor Zhao Zhongxiu, Vice President of w88 casino, for a comprehensive interpretation.

Professor Zhao Zhongxiu pointed out that purchasing power parityIt is a type that differs from country to countryPrice levelCalculatedCurrencyEquivalence coefficient between countriesGross Domestic ProductMake a reasonable comparison.IMFThis method can be used from time to time in international economic comparisons, but it cannot be recognized by enterprises, banks and individuals, and can only play a comparative role.When comparing the current economies of China and the United States, we need to maintain a normal mind, because in fact there is still a certain gap between China's economy and the United States.

Regarding Alibaba’s listing on the New York Stock Exchange and the Chinese consortium’s acquisition of the century-old Waldorf Astoria store in the United States, Professor Zhao Zhongxiu believes that China has a large population and huge population market potential, so investors are very bullish on this. However, China is still a manufacturing-based country, and there is still a big gap between its technological level and that of the United States. To measure the development level of a country, it is not enough to measure it only from the total economic volume. The per capita level should also be considered, such as per capita medical and health level, per capita education level, etc. In the Human Development Index released by the United Nations Development Program, China ranks only91bit. It can be seen from this that our country is still a developing country and still has a long way to go before becoming a developed country.

Professor Zhao Zhongxiu disagrees with the assertion that "China's economy is 'puffy'". He believes that the economic structure of China's economy is different from that of Japan and the United States. When talking about my country's economy shifting from foreign w88 exports to investment-driven investment to consumption, it does not mean giving up exports and investment. This is unrealistic. For a long period of time, China's economy will still need to be driven by exports and investment, while also expanding employment and increasing income in order to truly expand domestic demand. In the process of adjusting its economic structure, China's ability to create employment is expanding and its labor market is performing well. And this adjustment is a long-term process.

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