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Chinese Economy Set To Outpace European, U.S. Growth, Scholars Say

Publication Date: 
January 12, 2012
Source: 
Daily Report for Executives - BNA
Author: 
Stephen Joyce

The Securities Class Action Clearinghouse's July 26 report is mentioned in the following article by Stephen Joyce of the Daily Report for Executives on the growth of the Chinese economy.

China's economic growth, while beginning to slow compared with the last decade, will nevertheless continue to outpace growth rates seen in the United States and many advanced European economies and is likely to lead to a stronger Chinese currency, academics from China said at a Jan. 9 economic conference.

The academics, speaking at a conference sponsored by the National Committee on United States-China Relations, provided their views on the Chinese economy in 2012 and beyond. An over-arching conference theme was that while China faces fundamental economic challenges, the country will nevertheless sustain high growth rates for years.

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A July 26 Stanford Law School Securities Class Action Clearinghouse report on federal securities fraud class actions concluded 25.5 percent of all securities class action lawsuits filed in the first half of 2011 were related to Chinese reverse mergers.