While the world has entered a post-crisis era, the economy is full of uncertainties: the deleveraging of the financial system, frequent outbreaks of debt crisis, the worsening situation in the Middle East. All these factors have put the global economy at risks. In 2012 the turmoil and crises will accelerate the changes of the world. For America the fundamentals of the economy has begun to improve, but political risk still exists. Due to debt problems Europe may fall into a mild recession. In such situation China faces challenges from trade and investment, and the needs for economic restructuring is increasingly urgent. Therefore,, Chinese government has set the tone of 2012 economy as "making progress while ensuring stability", planning to actively promote economic reform and reduce the speed while improving the quality of the economy's growth. In this case the growth rate of the China's economy will be relatively low in 2012.
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