CCTV.com - CNTV English - CCTV News

Developing Asia leads global recovery

12-30-2010 08:55 BJT Special Report:Developing Asia Leads Global Recovery |

Watch Video

Play Video

If one word can describe the Asian economy in 2010, it would be "dynamic". Over the past year, developing Asian economies posted solid growth, thanks to sound fundamentals and supportive monetary and fiscal policies.

The global recovery may be sluggish, but Asia's economic prospects remain bright, with some of the region's economies even growing at pre-crisis levels.

Economists say developing Asia is now leading global recovery. The region sees boosted domestic consumption, and high business confidence.

It's also enjoying a rebound in exports. But several factors have raised concerns over sustainable growth. They include sudden capital inflows, currency appreciation and inflation risk.

For details, let's first turn to Japan, the continent's most developed country. As such, Japan's economic situation differs from most parts of the region. Trying to recover from a long recession remains the main theme.

Editor:Zhang Pengfei |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program