The World Economy is Undergoing Profound Changes

ed years of the international financial crisis, the worldinvestment, transfer of undertaking in the world
political multi-polarization and economic globalizationindustry, the development of national economy and
and regional integration and further development,increase employment opportunities.
including international finance, world trade, internationalFifth, international financial and monetary system, a
investment, including the world economy isnew change. Post-crisis era, the global financial
undergoing profound changes.regulatory cooperation have been strengthened; the
From the view of the international situation, one willinternational financial system reform is irresistible, the
be a new way of economic globalization, pushstatus of emerging economies and voice may be
forward. Post-crisis era, the US-led economicraised; to finance represented by virtual economic
globalization has been greatly weakened, and will bedevelopment will be in "to high-leverage" and "to the
developed economies and emerging economies, ledfinancial engineering" return to a reasonable level
by the joint replaced by economic globalization, thecourse; the world monetary system will show a
formation of multi-led trend. G gradually beingvariety of new trends; sovereign wealth funds,
replaced by the Group of 20, the latter as "a majorhedge funds and private equity will be further
platform for international economic cooperation."developed under the new form.
Second, the development of the world economyDeveloped countries, clearly the world economy
entering a new cycle of adjustment. Post-crisis era,"rebalancing" requirement, want to "re-industrialization"
the world will be more focus on the virtual economymodel transition. The competition is a national trade
and real economy the coordinated development; thestrategy of economic competition is more direct,
world economy "rebalancing" of the long adjustment;more specific results.
of Economic Development presented the "green" andPost-crisis era, the world's major powers or power
"low carbon" Trend; economic growth in general mayblocs are actively adjust and develop their economic
presented "after the former high-low" situation, theand trade development strategy.
world economy is entering a new cycle.The United States to "export multiplier scheme" to
The third is to seek new breakthroughs in thebring the next five years to achieve the goal of
development of world trade. Post-crisis era, thedoubling exports, through the establishment of
WTO Doha Round negotiations enter a critical stage;Export Promotion Department and the President's
regional economic cooperation and integration processExport Council to expand the scale of trade financing,
to further accelerate the trend of present; theand reform the export control system, and promote
leading force in world trade presents the shift in thecommercial diplomacy, the implementation of national
new situation; world trade and world economictrade strategies and other means vigorously
growth will adaptation to new levels; worldimplement the strategy of export-oriented.
commodity prices will show a long-term upwardEU revitalization plan "future factory project" to
trend; a significant increase in global trade friction,improve manufacturing competitiveness through
climate and environment as tools of new tradetechnological innovation to become the world leader;
barriers.through smart products and new business models
Fourth, the world presents a new pattern ofand strive to factory and factory equipment
investment. Post-crisis era, the developed countriesproducers; to achieve employment and profits will
will continue to occupy the major share of worldremain in Europe objectives. Thus, the United States
investment, but investment flows to developingand Europe each new trade strategy, are focused on
countries of Bi will advance; the West multinationalsstrategies to seize the high ground, competing in the
Yiranzhudao world investment grow, the emerging21st century dominance of world economic
economies of multinational companies is rising rapidly;development, strengthening of world economic and
Guangdafazhan countries will continue to utilize foreigntrade power status.