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
Business
Home / Business / Policies

Economic rebound expected in 3rd, 4th quarters

By Ouyang Shijia and Zhou Lanxu | chinadaily.com.cn | Updated: 2022-08-14 21:37
Share
Share - WeChat
An employee works on the production line of an elevator component manufacturer in Haian, Jiangsu province. GU HUAXIA/FOR CHINA DAILY

China is on track for a steady rebound in the third and fourth quarters as policy stimulus takes effect, and renewed COVID-19 outbreaks will be less disruptive to the supply chain, experts said.

They expect strong fiscal easing — notably in infrastructure spending — to shore up growth, better use of structural monetary tools and more government measures to further stimulate consumption, which will help boost domestic demand and build a strong national market.

Luo Zhiheng, chief economist at Yuekai Securities, expected the growth to recover to 5 percent in the third and fourth quarters of the year, making a full-year V-shaped rebound.

To stabilize overall growth, Luo said it would be advisable to allocate some of the 2023 quota for local government special bonds in advance in the fourth quarter and to increase financial support for small and medium-sized enterprises, technological innovation and green development.

For the second half of 2022, a recent meeting of the Political Bureau of the Communist Party of China Central Committee urged efforts to keep the economy running within an appropriate range and to strive for the best possible outcome.

It was decided that major economically developed provinces should play a leading role and provinces that are able to should strive to meet the objectives set for economic and social development this year.

Zhu Haibin, JPMorgan's chief China economist, said the central government made a "practical" choice to de-emphasize the preset annual GDP growth target of around 5.5 percent in the face of unexpected shocks from COVID-19 and external challenges.

Zheng Houcheng, director of the Yingda Securities Research Institute, said the five coastal provincial regions in southeast China that account for over one-third of China's economy — Fujian, Guangdong, Jiangsu and Zhejiang provinces and Shanghai — will play a key role in stabilizing overall growth.

Local governments across China have recently accelerated measures to boost consumption, a major challenge to the national economy in the second half of the year, for example by encouraging car purchases and issuing consumption vouchers.

China's southwestern Yunnan province has released a plan for boosting consumption and stabilizing growth from 2022 to 2024, requiring efforts to develop online and offline consumption and encourage digital and intelligent transformation of traditional trade enterprises and to build Kunming into an international consumption center.

The northern port city of Tianjin is planning to unveil 20 measures to spur consumption, it said in a recently released document, with major focus on encouraging consumption of cars, housing, home appliances, and cultural tourism as well as stimulating new types of consumption.

Beijing, Shanghai and Shenzhen, Guangdong province, have also unveiled a series of measures, such as holding shopping events and giving out coupons and subsidies.

Ye Yindan, a researcher at the Bank of China Research Institute, said investment will also be a key growth driver.

To further spur consumption in the second half, Ye said the government should expand efforts to boost residents' confidence and expectations by beefing up support for the unemployed and low-income groups.

She proposed adopting more measures, such as encouraging more promotions and sales on holidays, offering subsidies to buyers of new energy vehicles and green home appliances and easing restrictions on the recovery in services consumption amid COVID-19 outbreaks.

Looking ahead, Ye said China's economy will likely rebound quarter by quarter as the stimulus policy gradually takes effect, and the country will keep economic performance stable within a reasonable range in the second half.

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
CLOSE
 
主站蜘蛛池模板: 欧美性色生活片天天看99 | 成人α片 | 亚洲精品国产经典一区二区 | 欧美国产合集在线视频 | 仑乱高清在线一级播放 | 久久99热精品免费观看k影院 | 午夜国产亚洲精品一区 | 国产三级高清 | 亚洲第一页在线 | 亚洲精品视频免费观看 | 日本理论片免费高清影视在线观看 | 一级做a爰片久久毛片免费看 | 欧美日韩一区二区三区视频在线观看 | 国产农村乱子伦精品视频 | 亚洲成年人网址 | 成人合集大片bd高清在线观看 | 国产爽爽视频 | 亚洲国产成人最新精品资源 | 久久国产精品免费一区二区三区 | 欧美综合精品一区二区三区 | 日韩欧美一区二区三区在线 | 日一区二区| 国产免费一区二区在线看 | 国产做爰一区二区 | 在线国产网站 | 在线はじめてのおるすばん | 97在线视频免费观看费观看 | 91tv成人影院免费 | 日韩一级欧美一级一级国产 | 91日本在线观看亚洲精品 | 欧美一级大片在线观看 | 久久91亚洲精品久久91综合 | 18视频免费网址在线观看 | 国产精品欧美一区二区三区 | ririai99在线视频观看 | 99爱在线视频这里只有精品 | 欧美黑人xxxxxxxxxx | 欧美日韩一区二区视频图片 | 欧美综合自拍亚洲综合 | 国产一区二区三区国产精品 | 国产精品v欧美精品v日本精 |