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

2014 key to China's economic reform

(Xinhua) Updated: 2014-02-21 10:54

BEIJING - Foreign analysts say this year could be a turning point for China as the country's leaders continue to push for reform and a rebalancing of its economy.

Since the release of the action plan for air pollution prevention and control in last September, central and local governments have started to ease surpluses in production capacity and achieved tangible results.

Some organizations said local authorities had shown determination to promote structural adjustment, with 22 provinces recently cutting their GDP growth targets, which could inevitably hinder the national economy's growth rate.

"Reform and growth have apparent contradictions, China has to sacrifice part of its growth to implement reform policies," Xu Sitao, chief representative of the Economist Group in China told Xinhua on the sidelines of a round table discussion on the economics that will affect China and the world in 2014, held in Beijing Tuesday.

"The Economist Intelligence Unit predicted that China's economy growth would slow down to 7.2 percent, not maintain 7.5 percent," he said, adding "Chinese leaders's tolerance of the slowdown demonstrated their determination for reform."

Slowing the pace was not bad, said Stephen Roach, senior fellow at Yale University's Jackson Institute for Global Affairs in an article.

With the development of the service sector, China's economy could meet more employment needs with slower economic growth, as its service sector required about 30 percent more jobs per unit of GDP than manufacturing and construction, he said.

Echoing his view, Michael Andrew, the Global Chair of KPMG, pointed out China was on track to transform from an export-oriented economy to a service and domestic demand-oriented one, which was good for both rebalancing in China's and global markets.

Zhu Haibin, JP Morgan's China chief economist, predicted China would focus its main efforts on reforms in administration, finance and the fiscal sector in 2014, saying the effect of reforms in the short term depended on both the sequence and pace of the implementation of policies.

In a word, China's economy is faced currently with weak exports, over capacity, debt risk and spillover effects from the US QE tapering. However, it also enjoys mild inflation, stable employment and a clear reform strategy which provide the proper timing for reform.

2014 key to China's economic reform
China's direct govt debt risks controllable

2014 key to China's economic reform
New warning on overcapacity

China's GDP growth to slow to 7.62%

 

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 在线观看一级毛片免费 | 日本欧美韩国一区二区三区 | 黑人一级片 | 亚洲国产精品网站久久 | 美女视频网站黄色 | 欧美午夜视频一区二区三区 | 精品一久久 | 欧美日韩一区二区三区高清不卡 | 宅女福利视频在线看免费网站 | 日韩久久一级毛片 | 加勒比综合网 | 99re在线视频精品 | 亚洲精品午夜久久久伊人 | 国产日本欧美在线观看 | 国产亚洲福利一区二区免费看 | 真人一级毛片免费观看视频 | 国产三及 | 草久免费视频 | 欧美精品亚洲一区二区在线播放 | 国产日韩精品一区二区在线观看 | 成人国产一区 | 99久久综合给久久精品 | 日韩激情无码免费毛片 | 成人性毛片 | 国产视频一区二区三区四区 | 中国性猛交xxxxx免费看 | 久久久日韩精品国产成人 | 久久在线影院 | 亚欧美图片自偷自拍另类 | 中国一级特黄真人毛片 | 高清在线观看自拍视频 | 久久一日本道色综合久久 | 欧美成人性色大片在线观看 | 日韩一区二区三 | 91香蕉成人 | 国产中的精品一区的 | 一级特一级特色生活片 | 中文字幕一二三四区2021 | 亚洲一区二区三区精品影院 | 一区二区中文字幕亚洲精品 | 欧美在线观看一区二区三区 |