Dr. Zhang Lijuan is a professor at School of Economics, Shandong University. Her current research fields are World Economy, Trade Policy, Commercial Diplomacy, US-China Relations.
While a slowdown in trade volumes is expected, the country should address the ramifications of setting a lower growth target for such sectors as manufacturing and processing.
This is a dangerous time for global finance, so BRICS nations should expect more challenges ahead before really taking the lead within the global financial system.
The current rating system does not properly reflect the financial stability of the borrowers. Credit rating agencies need to rate themselves first, before they rate others.