Analysis and Forecast of the World Economy in 2006-2007

Table of Contents

OVERVIEW

Analysis and Forecast of the World Economy in 2006-2007 / Li Xiangyang / 3

COUNTRY / REGION STUDY

US Economy: At a Slower Growth Pace / Xiao Lian，Lin Yang，Yan Li’na / 17

Economy in the Euro Zone: Strengthened Vigor / Yao Zhizhong，Zhang Ning /30

Japanese Economy: Stepping into New Stage of Cyclical Expansion / Zhou Jian /42

Russian Economy: Steady Growth Momentum Continues / Ren Fei /52

Asian Economy: Growth at Faster Pace       / Liu Xiulian /63

Latin American Economy: High Growth Continues for 4 Years / Jiang Shixue /71

Economy in the Middle East: Cautiously Optimistic / Liu Ming /80

African Economy: Growth Speeds Up / Yao Guimei /88

SPECIAL REPORTS

Retrospect and Forecast of the International Trade / Ni Yueju /99

Retrospect and Forecast of the International Financial Market / Gao Haihong /115

Retrospect and Forecast of the Foreign Direct Investment / Zhang Jinjie /126

HOT TOPIC I: ASSESSMENT OF DOHA ROUND

Collapse of the Doha Round and Forecast for Future Negotiations / Tian Feng /143

New Round of Non-Agricultural Negotiations: Development, Implications and Forecast / Song Hong /158

New Round of WTO Agricultural Negotiations: Development, Implications and Forecast  / Li Zhongmin / 173

HOT TOPIC II: ASSESSMENT OF GLOBAL REAL ESTATE MARKET

US Real Estate Market: Development Trend and Macroeconomic Implications / Li Guoxue，Dong Yan /191

European Real Estate Industry: Cycle, Macroeconomic Implications and Financial Stability / Tan Xiaofen /208

Forming and Collapse of Japanese Real Estate Bubble: Causes and Lessons for China / Xue Jun /242

STATISTICS OF THE WORLD ECONOMY

Statistics of the World Economy in 2006-2007 / Wu Haiying， Cao Yongfu /257

AFTERWORDS / 309

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