8. WORLD ECONOMY SEES REMARKABLE RECOVERY
The International Monetary Fund on Oct. 10 raised its forecast for the world economic growth this year and next year to 3.6 percent and 3.7 percent respectively, significantly higher than last year's 3.2 percent. And 75 percent of the world's economy is expected to grow faster this year.
This has been the fastest growth in global economy in nearly a decade, with the recovery of major economies shifting from "differentiation" to "synchronization" and the recovery of emerging economies being more pronounced and balanced.
China's bright economic performance is still the biggest source of global economic growth, among the supports of the world's relatively loose monetary fiscal policy as well as scientific and technological innovation. However, the rise of trade protectionism and counter-globalization in developed countries deserves vigilance.
