Li Keqiang, premier of the People’s Republic of China, is greeted by OECD Secretary-General Angel Gurría, on a historical official visit of to the organisation, 1 July 2015. OECD

The People’s Republic of China joined the OECD Development Centre on 1 July, in a move described as an important step in support of China’s transformation and transition to a new growth model.

©Rights reserved, Shanghai Development Research Foundation

In October 2014 China launched the Asian Infrastructure Investment Bank (AIIB), drawing wide international attention. Nearly 60 countries have joined the new international financial institution, including several OECD member and partner countries, though others have remained cautiously outside. What is the purpose of the new bank and what impact will it have? We asked Yide Qiao for his views. I guess there are several reasons for launching the new bank. 

©Elyyo /Wikicommons

China’s economy is the second largest in the world, but can its currency, renminbi, compete with the US dollar as a global currency?

Brazil is poised to become one of the world’s largest oil producers. But the elation caused by the discovery of two massive oil fields is tempered by access difficulties and high cost of extraction. Still, the discoveries have thrust Brazil centre stage in the global energy grab. 

As China’s economic importance on the world’s stage is growing, so is its space programme. Ten years after becoming the third country in the world to launch human beings into orbit, China successively undertook its fifth manned space mission in June, its longest yet. Three “taikonauts” (Chinese astronauts) spent two weeks in orbit in the Tiangong 1 space module.

China Snapshot 2013

Find key economic figures and trends for China from OECD Yearbook 2013

Will China’s growth slowdown last and what does it mean for the rest of us?

The rise of IT and the Internet have been boons to Asia, but not everyone has benefited. There are challenges to overcome, not least in the area of governance.


Human capital spending is needed to reshape China’s growth engine. The action can start at an early age. 

Yukon Huang

Apprehensions about China’s unbalanced growth process concern everybody, but its causes are often misunderstood.
What can the Chinese leadership do to rebalance investment and consumption? 

There are signs of a new, more confident and self-affirming Africa taking shape. As the 2011 edition of the African Economic Outlook argues, this newness is also evident in the continent’s relationships with emerging economies.

The emergence of China and India on the world economy still unfolds. Lifestyles are evolving fast, and that means more demand, more energy consumption and more greenhouse gas emissions. But what of the impact on climate change?

Click here for bigger graph

When a blackout hit part of New York recently, some people blamed the air conditioning, as demand soared during a heat wave. Air conditioning has caught on around the world, which means year-round demand for energy beyond cold winters, and so bigger bills and environmental costs.

Click for bigger graph
Source:OECD in figures 2006

Although natural phenomena such as volcanic eruptions or warm ocean currents, or even the earth’s tilt, might all contribute to global warming, carbon dioxide (CO2) generated by human activity–from running homes and factories to flying planes and mowing lawns–is accepted as a major culprit.

Putting together a water financing and management strategy requires looking at a range of questions. The most important one is, can we afford it?

Economic data


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