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 / Summer Davos 2023

Forum highlights structural reforms

By OUYANG SHIJIA in Tianjin | CHINA DAILY | Updated: 2023-06-30 07:21
Share
Share - WeChat
Zhu Min (left), vice-chairman of the China Center for International Economic Exchanges, at the 14th Annual Meeting of the New Champions in Tianjin on Thursday. [Photo/China Daily]

Speakers: Nation should focus on digital, sustainable development

China needs to steadily advance structural reforms to propel high-quality growth instead of simply rolling out massive stimulus measures, and the focus should be placed on boosting digital and green development, said speakers at the 14th Annual Meeting of the New Champions, also known as Summer Davos Forum, in Tianjin on Thursday.

Zhu Min, vice-chairman of the China Center for International Economic Exchanges, told a forum on Thursday that the rebound of consumption and the property sector was weaker than anticipated, pointing to a major structural hurdle that must be overcome.

Meanwhile, Zhu said he believes that the real estate issues will not develop into systemic risk, saying the property sector will go through long-term structural change.

Facing pressure from a cloudy global outlook and geopolitical issues, he said the key lies in how China deals with these issues, saying that foreign trade may not have a strong cyclical rebound.

Looking ahead to the full year, Zhu said policies will be more structured in terms of spurring consumption. More efforts should be made to ensure incomes grow faster than the GDP this year, continue to improve social safety nets in terms of pensions and accelerate urbanization across China.

He highlighted the importance of creating new growth points, saying the focus should be placed on fields including manufacturing digitalization and carbon neutrality transformation.

The National Bureau of Statistics said year-on-year growth in investment, production and consumption all slowed from the previous month in May.

The country's industrial output grew 3.5 percent in May from a year earlier after a 5.6 percent rise in April, and fixed-asset investment increased by 4 percent year-on-year in the January-May period versus a 4.7 percent rise for the January-April period. Meanwhile, retail sales surged 12.7 percent year-on-year last month, but were down from 18.4 percent in April.

Against such a backdrop, Eswar Prasad, a professor of trade policy at Cornell University in the United States, said that China is now a $19 trillion economy at market exchange rates, and it is hard to envision an economy of such size and complexity continuing to deliver 8 percent to 10 percent growth. "But even if China delivers modest growth, it is important to keep in mind that for the world economy, it is important that China grows, but also how it grows."

He said at the same forum that China has made considerable progress in terms of rebalancing its economy, relying less on heavy investment-led manufacturing growth and trying to move up the value chain.

When it comes to the pressures and challenges facing the broader economy, he said China needs to have a better financial system that allocates resources in a way that is much more efficient for the most productive parts of the economy, which will generate both short-term and long-term growth.

Looking forward, he said the focus should be placed on boosting confidence of the private sector, and suggested a combination of short-term macroeconomic stimulus in terms of both fiscal and monetary policies.

Given the low comparison base of the previous year, Peng Sen, president of the China Society of Economic Reform, said at another forum on Thursday that China's second-quarter performance will be notably better than the first quarter, followed by steady growth in the third and fourth quarters.

He also said China's potential growth rate is above 6 percent, attributing the recent hiccup to the blow of the COVID-19 pandemic as well as various factors amid the sluggish international investment and trade environment.

In the long run, Peng said more efforts should be made to further boost development of the real economy, support the private sector and expand high-level opening-up.

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: 91成人免费 | 国产v在线播放 | 国产精品欧美亚洲日本综合 | 久久人视频| 国产成人午夜福在线观看 | 黄色在线视频网 | 另类自拍| 国产黄色片在线免费观看 | 国产成人精品日本亚洲麻豆 | 怡红院免费的全部视频国产a | 国产亚洲精品九九久在线观看 | 女人被男人桶 | 一级做a爰片久久毛片鸭王 一级做a爰全过程免费视频毛片 | 国产精品久久久久久久久免费hd | 欧美综合在线视频 | 精品午夜国产在线观看不卡 | 国产高清一区二区三区四区 | 手机毛片在线观看 | 日本三级2021最新理论在线观看 | 国产成人精品s8p视频 | 久久精品国产大片免费观看 | 毛片a级三毛片免费播放 | 黄色一及毛片 | 亚洲精品视频网 | 亚洲一区二区三区首页 | 亚洲综合资源 | 精品国产91久久久久久久 | 亚洲欧美日韩久久一区 | 爽死你个放荡粗暴小淫货双女视频 | 99久久精品99999久久 | 精品日韩一区二区三区视频 | 国产亚洲一区二区三区在线 | 天天鲁天天爱天天鲁天天 | 成人毛片免费观看视频 | 手机在线免费看毛片 | 一级做a毛片在线看 | 国产日韩精品欧美一区喷 | 毛片在线看免费 | 香港三级做爰大爽视频 | 自拍三级 | 欧美三级在线 |