久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Opinion
Home / Opinion / Op-Ed Contributors

Expectations for the 2018 annual two sessions

By Ehizuelen Michael Mitchell Omoruyi | chinadaily.com.cn | Updated: 2018-03-04 17:01
Share
Share - WeChat

The opinions expressed here are those of the writer and do not represent the views of China Daily and China Daily website.

The first session of the 13th National Committee of the Chinese People's Political Consultative Conference (CPPCC) opens at the Great Hall of the People in Beijing, capital of China, March 3, 2018. [Photo/Xinhua]

The month of March is a particularly political time in China. As a result, I could imagine how the whole world is now waiting with great anticipation for the two top-level national political bodies, the National People’s Congress and the Chinese People’s Political Consultative Conference which is known two sessions. The two sessions are a significant bellwether which offers a review of government’s accomplishments in 2017, government’s objectives and priorities in 2018, government’s plans and actions to improve quality and effectiveness growth, which will set the nation’s economic direction for the year. Various signals suggest China’s growth did speed up in 2017, which could give the government the room it needs to tackle an accumulation of serious financial, environmental and social problems this year. Which make me think that Premier Li Keqiang's work reports would likely emphasize more on the qualitative expansion. We expect some policy easing this year to support the qualitative expansion. But I think this option may be off the table if the Chinese government thinks inflation accelerated more than anticipated. Growth would then slow and could weigh on worldwide growth. China’s economy grew 6.9 percent in 2017, topping both the official target and 2016’s growth. For 2018, IMF tipped China to set its GDP growth target at roughly 6.6 percent in order to leave room for its deleveraging campaign. China’s leadership has a long-term target and is more inclined to plan for the next generation and beyond. This common goal not only profits the Chinese people, but also the entire world.

As 2018 marks the true commencement of China’s much heralded “New Era.” Much of Xi’s 19th Congress speech was concentrated on “realizing the Chinese Dream of national rejuvenation”. The Chinese Dream has four parts: Strong China (economically, politically, diplomatically, scientifically, and militarily); Civilized China (equity and fairness, rich culture, high morals); Harmonious China (amity among social classes); Beautiful China (healthy environment, low pollution). So, Premier Li Keqiang work report would emphasize more on qualitative growth which means realizing the Chinese Dream by encouraging local government to focus more on how to develop consistent with qualitative objectives. Chinese governments will have to work harder under qualitative objectives because they are more difficult to measure. The old ways of boosting local GDP by building incompetent schemes have passed. The qualitative objectives comprise of, making Chinese citizens enjoy more convenient lifestyles with the aid of cutting-edge technologies, enjoying a healthier life with less pollution, making people richer, such as creating higher wages and more employment opportunities, which “sees China moving closer to the center stage and making contributions to mankind”. In terms of making contributions, air population was a hot-subject in 2017, so, the Chinese leadership might be looking at how to make the skies blue again while listing a series of measures to be taken to help clear the air, such as “round-the-clock monitoring” of industrial pollution. Also, we expect the work report to emphasis on China push to improve the health and well-being of China’s almost 1.4 billion inhabitants.

Xi Jinping initially mentioned his intent in October 2016 when he unveiled the “Healthy China 2030” initiative, China’s first national-level medium to long-term strategic plan for national health and wellbeing. The relatively active reform agenda for health care associated sectors proposes overseas firms will face a steadily opening business environment as China strives to improve the health of its citizens by 2030.

In terms of employment creation, the Chinese government created over 13 million employments in 2017, an upsurge of 370,000 compared to 2016. Although the Chinese government is expecting more jobs to be created as the country reforms its economy amid the acceleration of urbanization and the promotion of the Belt and Road Initiative. However, there are concerns regards a new incoming enormous labor force with over 8 million graduates flooding the market and a supply-demand mismatch gap for skilled workforces. The settling of over-capacity workforces, as well as rural migrants, will remain a hard task as well. China will try to maintain macro-policy continuity and stability and take steps to fend off economic risks.

In terms of risk, curbing of financial risk and bolstering stability will continue to be top objectives for the Chinese leadership. The recently launched Financial Stability and Development Committee (FDSC), will take on the role of policy formulation precisely for this purpose. Apart from managing systemic monetary risks, it will provide an inter-agency regulatory framework and act as a macro supervision for monitoring monetary activities as well. Building inflationary pressure and concerns about debt flow to overextended sectors, such as real estate, means the government will take more category-based and targeted measures to regulate the real estate market as well as the measured approach to monetary policy in 2018. In recent years, China has been cutting excess capacity in heavy industries as part of its so-called supply-side reforms while pushing for novel growth drivers, like technology, and moving up the value chain. For that reason, the present Chinese leadership will focus more on quality over quantity in driving economic growth and further fast-tracking supply-side reforms.

This probably means a slowdown in production of raw materials, like aluminum and coal. The Chinese leadership will try to lessen investment in non-strategic infrastructure; and heavier government backing for value-added industries, like new materials, I.T and robotics, and health care — all of which are part of the Made in China 2025 agenda. It also means extra streamlining and consolidation of incompetent State Own Enterprise and strategic opening-up of additional sectors to private sector competition and in some circumstances overseas competition.

We expect the work report to emphasis on the Belt and Road Initiative. The initiative’s new inclusion in the Party Constitution secures institutional support and underscores its centrality to myriad government priorities. We can expect that the Belt and Road Initiative will remain a central part of China’s foreign policy as Xi Jinping aspires to craft global standards for the next generation technologies and infrastructure. The real test, however, lies ahead; nonetheless, no matter how daunting the real test ahead might look like, in the Chinese leadership view, “History is created by the courageous”.

The author is the Executive Director of the Center for Nigerian Studies at the Institute of African Studies, Zhejiang Normal University.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 正在播放的国产a一片 | 黄页网址免费观看18网站 | 亚洲精品久久片久久 | 亚州va| 国产亚洲一区二区精品 | 亚洲欧美在线一区二区 | 精品呦女| 中文字幕一级 | 国产亚洲欧美成人久久片 | 三级毛片网 | 免费人成激情视频在线观看冫 | 国产欧美一区二区精品久久久 | 在线观看偷拍视频一区 | 欧美成人片在线 | 精品久久国产 | 自偷自偷自亚洲永久 | 免费特黄一级欧美大片在线看 | youjizz日韩 | 国产精品一区二区四区 | 欧美成人免费xxx大片 | 成年女人毛片免费观看中文w | 麻豆国产视频 | 精品久久精品久久 | 国产真实乱系列2孕妇 | 精品国产一区在线观看 | 国产一二三区在线 | 美女一级毛片视频 | 一级做a爱过程免费视频时看 | 欧美18在线| a毛片免费全部在线播放毛 a毛片免费视频 | 日本高清va不卡视频在线观看 | 精品视频一区二区三区四区 | 国产一区二区三区亚洲欧美 | 超薄肉色丝袜精品足j福利 超级乱淫视频aⅴ播放视频 | 欧美一区二区视频在线观看 | 日本特黄a级高清免费酷网 日本特黄特色 | 久久精品国产福利 | 美女很黄很黄是免费的·无遮挡网站 | a站在线观看 | 99精品欧美一区二区三区美图 | 一级女性全黄生活片免费 |