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

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / View

Long road for consumption to go

By Lan Lan | China Daily | Updated: 2013-07-05 07:21

Long road for consumption to go

It will be difficult for consumption to replace investment as a major driving force for China's economy in short to medium term, said a senior economist at a government think tank.

China's high investment growth will continue from 2013-2015, coinciding with a period of slow growth as the economy goes through a cyclical downswing, Ma Xiaohe, deputy director-general of the Academy of Macroeconomic Research under the National Development and Reform Commission, told China Daily.

China's growth has become more reliant on credit-fueled investment in recent years, after exports sustained a blow from the global slowdown that began in 2008.

But it's evident that an increasing contribution of investment to growth has led to problems such as overcapacity and credit bubbles.

There is still "impetus and space" for China to maintain the trend of high investment growth, but the investment structure must be optimized, he said.

Infrastructure and services involving water, roads and electricity in China's villages need to be improved. For instance, more than 300 million rural people are drinking unsafe water, according to official data.

Long road for consumption to go

"The role played by investment cannot be totally denied, and China still has great potential to boost public investment," said Ma.

But strict limits should be set on investing in energy-intensive, high-emission industries or building new towns. Investment should be injected into areas that are generally beneficial to lower the costs of public services, he added.

As the government aims to have consumption play a larger role in its investment-led economy, reforms in consumption's favor should be put into place, said Ma.

Decisions for investing can be made by a few people in short period, so it has been frequently used to stimulate the economy during slowdowns or crises.

Purchasing decisions, however, are made by highly fragmented consumers who are restricted by their income levels.

"China's economic growth mechanism and existing policy arrangements are more advantageous to investment than consumption," said Ma.

"An increasing proportion of earnings went to government and enterprises in recent years. Such a distribution pattern is certainly in favor of investment expanding, not consumption," he said.

Household earnings only account for about 50 percent of China's national income, compared with about 68 percent in developing countries and about 75 percent in developed countries, according to Ma.

Don't miss:

Intense focus on debt

Economy 'no house of cards'

No return in nation's economic transition

Previous 1 2 Next

Most Viewed in 24 Hours
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
 
主站蜘蛛池模板: 日本免费人成在线网站 | 偷拍精品视频一区二区三区 | 国产欧美日韩视频在线观看一区二区 | 纯欧美一级毛片免费 | 精品久久久久国产免费 | 午夜三级理论在线观看视频 | 美女视频黄的免费视频网页 | 国产精品免费一区二区三区四区 | 一区二区三区四区在线视频 | 成年网在线观看免费观看网址 | 三级高清 | 国产精品外围在线观看 | 韩国自拍偷自拍亚洲精品 | 欧美成人激情在线 | jiz欧美高清 | 97影院理论片 | 国产免费一级在线观看 | 亚洲图片一区二区三区 | 最新中文字幕乱码在线 | 亚洲综合久久久久久888 | 看全色黄大色黄大片毛片 | 亚洲三级a| 视频一区色眯眯视频在线 | 欧美激情久久久久久久久 | 国产成人免费影片在线观看 | 91精品欧美一区二区综合在线 | 黄色作爱 | 大陆老太xxxxxxxxhd | 欧美亚洲日本一区二区三区浪人 | 免费成年人在线视频 | 国产日韩在线播放 | 狠狠色狠狠色狠狠五月ady | 一级毛片不卡免费看老司机 | 天天看片日本 | 国产成人久久综合二区 | 免费永久在线观看黄网 | 亚洲国产日韩a在线亚洲 | 国产一区二区三区免费 | 国产成人精品日本亚洲麻豆 | 九九视频在线观看视频 | 男女男精品视频网站在线观看 |