Forging the Next Phase of Growth
The report was developed in conjunction with the second annual China-OIC Forum 2017 held in Beijing, China and in collaboration with Dagong Global Credit Rating Co., Ltd.
2016 may have witnessed China's slowest pace of growth in 26 years, but it remains within the range for Beijing to meet its longer-term goal of doubling GDP and per capita income by 2020 from 2010 levels. Indeed, China is central to global growth-- the country continues to be the single largest contributor to world GDP growth, contributing 1.2 percentage points according to IMF's latest estimates. As China is undergoing a major economic recalibration, its quest to make growth more inclusive and sustainable requires a novel approach. To this end, Islamic finance, unique with its in-built strengths and features that promotes social equity and welfare, can be the solution.
The report entails three sections:
The History of China’s Economic Development
Overview of China’s Economic Landscape
Islamic Finance in China
16 March 2017