A Quote by George Osborne

Even as China's growth slows, it will continue to be a powerhouse for the global economy. — © George Osborne
Even as China's growth slows, it will continue to be a powerhouse for the global economy.
I predict 2016 will be a year of upheaval and realignment across the world. China's economy will continue to sputter. Commodity exporting countries will suffer. Europe's growth will remain flat-lined. The U.S. will plug along at under 3% growth.
We continue to urge China and other claimants to work constructively to resolve these disagreements, so that the South China Sea - which is so vital to the global economy - can be defined by commerce and cooperation.
The challenge to our national economies and the collective economy of Europe will become - with the growth of China and the continuing productivity growth of the US - even more intense in the decades to come.
In China, it was always said that a double-digit rate of growth would be dangerous. Now, the country has a growth rate of 6.9 percent and suddenly that is supposed to be a catastrophe for the global economy.
We believe that - the President believes that the economy will continue to grow, that the economy will continue to create jobs, and that we need to do everything we can to enhance that growth and enhance that job creation.
We have to make sure America writes the rules of the global economy, and we should do it today while our economy is in the position of global strength, because if we don't write the rules for trade around the world, guess what: China will.
China is certainly an important player in the global economy, and a widespread AIDS epidemic would threaten that growth.
Over the longer run, advanced economy policy actions that strengthen global growth and global trade will benefit the EMEs as well.
We are in a global economy whether we like it or not. And we believe - I believe - that America should be at the table writing the rules of the global economy instead of China.
I've often said that the desire to lecture China on how it should behave in the world is wrong. China was around for thousands of years even before America existed. It could even be that China's growing power will allow itself to be slowed down. But as long as this immense empire doesn't fall apart, it will become an important factor in global politics.
America's economy is resilient, and I am confident that Republican pro-growth policies will continue to keep our economy growing - just as it has since after the September 2001 terrorist attacks.
We all know that China is industrializing at a growth rate of 8 to 10 percent per year. China is on track to pass the U.S. as the largest economy in the world in 20 to 25 years, and China is determined to give its people a chance at this high standard of living that we enjoy.
Nowadays, however strong an economy is, not all roads will lead only there. There will be other links between countries in Asia, with America, with Europe, and China will fit into this global network.
Oil is a tangible commodity, so there is a global market. The fact that we may need less may affect the global price because we're big consumers: we probably take about a quarter of global demand. But if suddenly, let's just use a crazy example, fighting in the Middle East led to the closure of the Strait of Hormuz and no oil could get out through the Strait of Hormuz, well that would affect China, India, Europe, it will affect the whole global economy. It will affect us, too, then.
It's obvious that China faces a range of demographic and economic difficulties stemming from its own population growth, and that the global community has a vested interest in avoiding the worst impacts of that growth.
China's accumulation of reserves is a result of the IMF's mismanagement of the Asian financial crisis a decade or so ago. If countries know they can't rely on the IMF to help them, their best defense is their own reserve cushion. In a time of spreading global recession, too much emphasis on savings in surplus countries like China can impede prospects for global growth.
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