www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Consumption set to gradually rise

Updated: 2011-07-14 09:16

By Tang Zhihao (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

Experts say better welfare system would lead to increased spending

SHANGHAI - China's household consumption rate will rise gradually, and experts said the government should improve the welfare system to increase consumers' willingness to spend.

According to the National Bureau of Statistics, first-half retail sales reached 8.58 trillion yuan ($1.33 trillion), up 16.8 percent from last year.

Consumption set to gradually rise

Figures from JP Morgan suggest that the consumption growth rate in the first quarter accounted for 60.2 percent of gross domestic product growth, up from 47.6 percent in the fourth quarter of 2009.

"It suggests China is moving to a consumption-oriented economy, which will allow policymakers to consider more consumption-stimulating policies and welfare reform to achieve a soft landing of the economy," said Jing Ulrich, JPMorgan Chase & Co's managing director and chairman of global markets for China. "The consumption-to-GDP ratio will increase in the future."

China has long promoted an economic overhaul, seeking a balance between exports and an investment-oriented economy and a consumer-based economy that would allow it to reduce reliance on international markets.

The government spent 4 trillion yuan to boost domestic consumption in the past three years, as well as to increase investment in high-speed rail and other infrastructure construction.

The government also recently raised the personal income tax threshold to 3500 yuan from 2000 yuan to increase disposable incomes.

However, experts said the government should not be the only factor in the market working to increase consumption. Individuals should be the main factor in boosting domestic consumption.

Chen Wei, an expert from the Institute of Economics of the Shanghai Academy of Social Science, said the government should encourage individuals to spend more by improving welfare policies.

"The large population in China means there is huge potential for consumption. However, the relatively weak welfare system makes people afraid to spend. They are worried about having enough to maintain their standard of living in the event of a sudden change, such as illness," said Chen.

Chen also suggested that the government should devote more attention to manufacturers that target the overseas market.

"For a certain period, the economy will remain rely on income from exports. The financial condition of manufacturing companies will directly affect workers' welfare, and it should not be ignored," said Chen.

Chen said a blanket policy that stops people from buying property might not be good for economic growth or improving the welfare system.

"Land income is one of the main streams of income for local governments, so a tighter policy might reduce government income and affect government expenditure plans for welfare," said Chen.

"The government should continue to promote affordable housing, but for those willing to buy high-end property, it should be allowed."

主站蜘蛛池模板: 在线观看日本污污ww网站 | 日本精品一在线观看视频 | 精品国产午夜久久久久九九 | 日韩毛片大全免费高清 | 福利岛国深夜在线 | www.久草视频 | 草草久| 亚州视频一区二区 | 国产成人18黄网站免费网站 | 久久亚洲国产最新网站 | 在线观看国产一区二三区 | 欧美一级专区免费大片 | 欧美一级纶理片免费 | 亚洲黄色成人 | 国产成人高清 | 国产精品久久久久亚洲 | 日韩在线视频不卡一区二区三区 | 天天看a | 这里只有久久精品视频 | 成人欧美视频免费看黄黄 | 亚洲天堂视频网 | 成人怡红院视频在线观看 | 亚洲欧美日韩精品在线 | 国产91久久精品 | 毛片精品 | 国产成人精品视频在放 | 成人手机视频在线观看 | 国产精品欧美一区二区三区不卡 | 欧美成网 | 碰碰久久 | 国产精品精品国产一区二区 | 久久成年片色大黄全免费网站 | 在线欧美一区 | 国产成人综合亚洲亚洲欧美 | 亚洲一区视频 | 99热久久国产综合精品久久国产 | 中国老妇色xxxxx | 东莞a级毛片 | 91一级片| 久久最新 | 怡红院久久 |