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

US EUROPE AFRICA ASIA 中文
Business / Economy

Domestic demand, innovation to maintain China's economic growth: Russian expert

(Xinhua) Updated: 2016-04-28 11:09

MOSCOW - China's economy can maintain its growth with a focus on innovation and consumption while shifting away from large-scale exports supported by cheap labor, a Russian expert has said.

"If the Chinese economy really relies on conquering the domestic market, I believe it will be capable of maintaining a rather high rate of economic growth in the medium term," Petr Mozias, an economist from the National Research University's High School of Economics, told Xinhua in a recent interview.

He said the Chinese economy was slowing down and entering a stage which Chinese economists have called a "new normal."

The Chinese economy has in many ways exhausted its structural growth possibilities as labor costs rise, rendering exports became less competitive.

Meanwhile, years of accelerated growth resulted in excess capacity as well as financial disproportions, primarily huge corporate and local government debt.

Mozias said many Chinese and foreign economist forecasted that the slowdown of the Chinese economy would continue and economic growth in China would be around 4-4.5 percent by the beginning of next decade.

"But I don't think this will definitely happen, as the Chinese economy is not simply slowing down, but important positive changes are taking place," he said.

He noted that there was a rise in business confidence and industrial output in the first quarter of 2016, which indicates that the Chinese economy might stop slowing down, or even accelerate in the coming months.

China's services sector is developing rapidly and has overtaken the processing industry in economic growth, which in turn has pushed up people's incomes and private domestic demand, Mozias said.

The Chinese government and companies have also paid much attention to innovation and development of Chinese technologies, he added, calling it another positive for the country's economy.

According to Mozias, the Chinese economy must pass through a period of restructuring and rebalancing.

Yet he added that as a large country, China can achieve sustainable economic development and tap the enormous possibilities in domestic demand.

Mozias pointed out that the rate of economic growth in China remained one of the highest in the world.

Compared to the stagnation in Europe and Japan, the Chinese economy is still the "global driving engine of economic growth," he said.

China's development in many ways provided lessons to Russia, which needed to abandon its previous focus on the export of raw material and to develop primarily innovative and hi-tech economic sectors, Mozias said.

Still, he said companies in both countries share the common problem of not innovating enough and suggested China continue institutional reforms to force companies to pursue more innovative technologies.

"The well-thought participation of the state in the economy and implementation of development policies are the positive components of the Chinese (development) experience," Mozias said.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 日本高清在线不卡 | 亚洲精品专区一区二区欧美 | 加勒比一本一道在线 | 日韩一区三区 | 手机看片日韩国产 | 亚洲欧美日韩在线精品一区二区 | 亚洲精品高清在线观看 | 男人的亚洲天堂 | 中国a毛片 | 久久欧美精品欧美九久欧美 | 99视频九九精品视频在线观看 | 有码日韩 | 特级深夜a级毛片免费观看 特级生活片 | 日本女人在线观看 | 精品视频在线看 | 一本久道久久综合中文字幕 | 神马午夜在线 | 美女视频免费看视频网站 | 亚洲手机在线 | 免费国产a国产片高清不卡 免费国产不卡午夜福在线 免费国产不卡午夜福在线观看 | 久久亚洲国产伦理 | 日韩高清在线二区 | hd最新国产人妖ts视频 | 手机看片国产欧美日韩高清 | 天堂成人av | 欧美色xxxx | 亚洲一区二区精品推荐 | 美女视频免费黄色 | 国产成人一区二区 | 99久久99热精品免费观看国产 | 国产超清在线观看 | 国内精品影院久久久久 | 97精品国产91久久久久久 | 亚洲精品综合久久中文字幕 | 美女被拍拍拍拍拍拍拍拍 | 综合亚洲欧美日韩一区二区 | 国产乱子伦露脸对白在线小说 | 国产亚洲一区二区手机在线观看 | 国产成人在线综合 | 国产亚洲欧美ai在线看片 | a中文字幕1区 |