| CONTENTS OVERVIEW
World Economy in 2005～2006: Analysis and Outlook ............. Li Xiangyang / 3 REGIONS/COUNTRIES
The U.S Economy: Stable and Rapid Growth ...... Xiao Lian,Dong Jing,Lin Yang / 17
Economy in the Euro Area: Regaining Growth
Momentum despite Difficulties ............................. Yao Zhizhong / 31
Japanese Economy: Maintaining Stable Growth ...................... Zhou Jian / 41
Russian Economy: Growth Rate Slowing Down .......................... Ren Fei / 52
Asian Economy: A Slowing Growth Rate ........................... Liu Xiulian / 62
Latin American Economy: Maintaining Favorable Growth Prospect ... Jiang Shixue / 71
Economy in the Middle East: Growth Sustained ...................... Liu Ming / 81
African Economy: Continue to Grow ............................... Yao Guimei / 91 SPECIAL REPORTS
International Trade: Retrospect and Outlook ....................... Ni Yueju / 101
International Financial Markets: Retrospect and Outlook ........ Gao Haihong / 113
International Direct Investment: Retrospect and Outlook ....... Zhang Jinjie / 123 Hot Topic 1 Trend of World Oil Price and China
Demand and Supply of World Oil Market and Future
Trend of Oil Price ............................................ Liu Ming / 137
China’s Future-Oriented Energy Policy .................. He Fan,Qin Donghai / 160
Global Primary Product Markets: Interaction between
China and World Economy ..................................... Zhang Ming / 180 Hot Topic 2 Global Imbalance and Renminbi’s Exchange Rate
Global Imbalance and Its Impact on China ...................... Yao Zhizhong / 203
The Level of Renminbi’s Exchange Rate and Related
Institutional Reform ......................................... Zhang Bin / 215
Review of Renminbi’s Exchange Rate Policy
Adjustments ............................ He Fan,Zheng Liansheng,Yao Chao / 237 World Economic Statistical Analysis and Data
World Economic Statistical Data, 2005～2006 .......... Wu Haiying,Cao Yongfu / 251 Afterwords .................................................................. / 302
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