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Recovery is under way in the world’s advanced economies, underpinned by supportive financial conditions and reduced drag from budgetary tightening, but activity in the major emerging markets is mixed, according to the OECD’s latest Interim Economic Assessment.
China has shown strong resilience during the crisis, maintaining overall high growth rates, even though the pace has been decelerating since 2011.
These statistics set out industrial production of total industry, manufacturing, manufactured crude steel, manufactured intermediate and investment goods, energy, construction. The series are updated continuously and are shown as seasonally adjusted indices. The series are updated continuously.
Source: OECD Main Economic Indicators (updated continuously) - Composite leading indicators (CLIs) are calculated for 29 OECD countries (Iceland is not included), 6 non-member economies and 9 zone aggregates. A country CLI comprises a set of component series selected from a wide range of key short-term economic indicators mainly covered in the MEI database.
Whenever an American or European wins an Olympic gold medal, we cheer them as heroes. When a Chinese does, the first reflex seems to be that they must have been doping; or if that’s taking it too far, that it must have been the result of inhumane training.
China is well-placed to avoid the so-called "middle-income trap" and to continue to converge towards
the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon.
This blog post by Andreas Schleicher describes the challenges for teachers teaching in rural China, as witnessed by Mr. Schleicher in October, 2013.
This blog post by Andreas Schleicher describes the challenges for students learning in rural China, as witnessed by Mr. Schleicher in October, 2013.
Urbanisation in China has long been held back by various restrictions on land and internal migration but has taken off since the 1990s, as these impediments started to be gradually relaxed. People have moved in large numbers to richer cities, where productivity is higher and has increased further thanks to agglomeration effects.
The economic outlook for Emerging Asia (Southeast Asia, China and India) remains robust over the medium term, anchored by the steady rise in domestic demand, according to a new report from the OECD Development Centre.