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This report provides Members with an update on the Enhanced Engagement process. Enhanced Engagement is the result of a decision by the Council at Ministerial level in May 2007 “to invite the Secretary-General to strengthen OECD co-operation with Brazil, China, India, Indonesia and South Africa through Enhanced Engagement programmes with a view to possible membership.”
China has officially declared its intention to join the International Transport Forum.
The future of the global economy can no longer be decided among a few developed nations. Emerging economies must be included in the equation. Their experiences, their knowledge, and their contribution are essential, said OECD Secretary General.
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This paper depicts the rapid development and transformation of the Chinese economy so far and discusses how to sustain vigorous and inclusive growth.
The single most important challenge China is facing is that of the shift from export-led growth to an economic and growth model driven by domestic consumption and a better quality of life for its citizens, according to OECD Secretary-General Angel Gurría.
During his official visit to the People's Republic of China, Angel Gurría met with government representatives and participated in the 2011 China Development Forum.
The world economy continues to recover but there is still a considerable dispersion in performance across countries and regions. Dynamic economies, led by China and India, are expected to expand at over 7 percent in both 2011 and 2012. In contrast, OECD countries will expand by only 2.3 percent in 2011 and 2.8 percent in 2012.
Recent reforms will still be insufficient to cover increased pension costs in the future, despite increases in retirement ages in half of OECD countries, according to a new OECD report.
This IEA report, finds that, contrary to widely held views, Chinese National Oil Companies operate with a high degree of independence from the Chinese government. Their investments are driven by strong commercial interests and have boosted global supplies of oil and gas.