“Amid global recession, one of the reasons why things don’t worsen is that China keeps growing,” underlined Ahmed Bin Sulayem, executive chairman and chief executive of a business district in Dubai, whhen he appeared in Shanghai this week to drum up more investment by Chinese companies in the United Arab Emirates.
His comments coincided with the release of third-quarter economic data showing that China is on track to meet its 2025 growth target of 5 percent, and also with an important meeting of China’s top leaders that drafted a blueprint for growth in the next five years, known as the 15th Five-Year Plan (2026-30).
Despite global trade tension, China is indeed powering ahead to build on its strengths. Gross domestic product in the June-September period came in at 4.8 percent, far higher than growth rates in major Western economies. And even a 0.5 percent contraction in fixed-asset investment – largely on a struggling property…
