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

   

Consumer spending needs further boost

By Zhu Qiwen (China Daily)
Updated: 2008-01-30 10:48

China's consumer spending remains vigorous while the national economy has slowed slightly in response to the government's tightening measures. This shift in growth toward private consumption is welcome. To facilitate it, policymakers should come up with more fiscal incentives this year to further boost domestic consumption.

Related readings:
Efforts to encourage consumers paying off
Survey: Internet consumption expected to rise 45.8%
Housing price hike curbs consumption: expert
Rural consumption environment improving: survey

Slowdown may help China

Latest statistics show that the country's retail sales were 8.9 trillion yuan ($1.2 trillion) in 2007, up 16.8 percent year on year. The growth, in itself, does not look so remarkable when compared with the 11.4 percent growth of the economy, the fastest in 13 years, on the back of a 47.7 percent jump in the trade surplus and a 24.8 percent rise in fixed-asset investment. But it marks an increase of 3.1 percentage points in consumption growth over the previous year while that of net exports and investments either dropped or flattened. That means domestic consumption made a greater, though still small, contribution to the country's gross domestic growth as the economy began to shift away from its dependence on investments and exports last year.

It is also particularly noteworthy that growth of retail sales last December accelerated to 20.2 percent over the same period in 2006. If that growth momentum continues this year, China may be able to not only to shrug off the impact of a US recession but also make needed progress on changing its growth pattern.

After five years of double-digit growth, the Chinese economy will not likely lose too much steam in 2008. But there are plenty of obstacles to fast growth.

On the one hand, as the prospect of a US recession weighs increasingly heavily on the world economy, weakening external demand will hit Chinese exporters hard while reducing incentives for investment in export-related firms.

On the other, the central bank's monetary tightening policy will further rein in investment growth to prevent the national economy from overheating.

Admittedly, the country is expecting less speedy economic growth as it is set to put in place more stringent energy and environmental standards. But it cannot afford a sharp slowdown caused by shrinking exports and investments given its tremendous employment pressure.

Under such circumstances, accelerated growth of private consumption becomes more important than ever. With the world's largest population of 1.3 billion people, and after three decades of rapid economic growth, China has a huge stake as well as a big opportunity to tap into the domestic consumption potential to sustain economic growth and speed up economic structural changes.

The country must significantly reduce its dependence on investments and exports for economic growth if it is to achieve its goal of cutting energy consumption per unit of GDP by 20 percent and pollutant emissions by 10 percent between 2006 and 2010. Fulfillment of such a goal is crucial to the country's pursuit of sustainable growth. Only robust consumption growth can create room to maneuver for policymakers to curb energy-consuming, pollutant-discharging investments, and exports without darkening the country's growth prospects.


(For more biz stories, please visit Industry Updates)

   1 2   


主站蜘蛛池模板: 精品久久香蕉国产线看观看亚洲 | 国产一区二区三区久久小说 | 日韩中文字幕一在线 | 欧美视频一区在线观看 | 亚洲超大尺度激情啪啪人体 | 欧美日韩亚洲高清不卡一区二区三区 | 国产成人综合手机在线播放 | 国产高清免费视频 | 一区视频在线播放 | 亚洲逼 | aaaaaa精品视频在线观看 | 精品国产自在现线看久久 | 免费国产高清精品一区在线 | 在线视频一区二区三区四区 | 男女精品视频 | 国产一国产a一级毛片 | a级高清毛片 | 91精品国产免费久久国语蜜臀 | 久久99久久99精品观看 | 久久久久琪琪去精品色村长 | 国产网站免费 | 在线成人免费 | 成人手机在线视频 | 日韩欧美一区二区精品久久 | 国语自产精品视频 | 国产婷婷一区二区三区 | 日韩精品国产一区 | 亚洲欧美日本国产综合在线 | 美国三级毛片 | 亚洲三级在线播放 | 在线播放波多野结衣 | 亚洲国产第一区二区香蕉 | 久久99久久精品久久久久久 | 思99re久久这里只有精品首页 | 中文字幕人成乱码在线观看 | 午夜欧美成人 | 色婷婷久久综合中文久久蜜桃 | 深夜做爰性大片中文 | 成年片美女福利视频在线 | 亚洲精品资源网在线观看 | 深夜爽爽爽gif福利免费 |