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

OECD cuts China 2014 growth forecast to 7.4%

(Agencies) Updated: 2014-05-07 14:51

China's economic growth is likely to slow to 7.4 percent in 2014 from 7.7 percent last year due to the government's drive to curb credit risk and excessive factory capacity, the OECD said on Tuesday.

In November, the Organisation for Economic Co-operation and Development had predicted China's economic growth could accelerate to 8.2 percent in 2014.

The OECD attributed the slower growth forecast to shadow banking sector, overcapacity in such industries as steel and cement and a cooling property market. Many real estate developers and local governments have relied on shadow banking credit such as trust loans and other forms of off-balance sheet borrowings to stay liquid.

OECD cuts China 2014 growth forecast to 7.4%
Government won't resort to short-term stimulus

OECD cuts China 2014 growth forecast to 7.4%

China's government has in recent weeks hastened construction of railways and affordable housing and cut taxes for small firms in a bid to support the slowing economy, but Premier Li Keqiang has ruled out any forceful measures.

"Investment may slow more than projected if the supportive measures fail to counterbalance the effects of the phasing out of excess capacity and the anti-corruption campaign," the OECD report said.

"Consumption may also surprise on the downside if a cooling property market were to damp housing-related spending and weak income growth were to curtail spending on durables."

The latest Reuters poll showed China's growth could slow to 7.3 percent this year, the weakest showing in 24 years and slower than the official target of 7.5 percent.

Beijing's efforts to tackle factory overcapacity and pollution have hit output, while a sustained anti-corruption campaign has hurt consumption, especially of high-end goods.

The government is trying to restructure the economy so it is driven more by consumption than the traditional engines of exports and investment, but wants to avoid a sharp slowdown that could fuel job losses and threaten social stability.

"The pace of structural reforms will influence short-term outcomes, the challenge being to keep up sufficient momentum to reduce imbalances whilst avoiding overly abrupt adjustments that might trigger a crisis," the OECD said.

The OECD predicted China's consumer inflation will ease to 2.4 percent in 2014 from 2.6 percent last year.

The volume of China's exports of goods and services will grow 7.5 percent in 2014, slowing from 8.6 percent last year, while import growth could ease to 9.2 percent from 10.7 percent.

China's current account surplus as a share of GDP could shrink to 1.2 percent in 2014 from 2 percent last year, it added.

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 亚洲一区二区三区香蕉 | 日韩一区二区三区在线免费观看 | 美女视频在线观看黄 | 黄片毛片在线观看 | 超91在线| 欧美日韩精品乱国产 | 一级黄片毛片 | 欧美三级黄色大片 | 欧美jizz19性欧美 | 日韩精品中文字幕一区三区 | 有码视频在线观看 | 韩国毛片基地 | 日本欧美一级二级三级不卡 | 午夜在线观看cao | 欧美大胆a | 久久久最新精品 | 秘书高跟黑色丝袜国产91在线 | 碰碰碰免费公开在线视频 | 在线观看免费a∨网站 | 免费成年人在线观看视频 | 欧美亚洲国产成人不卡 | 黄 色 成 年人网站 黄 色 免费网 站 成 人 | 久久网站免费观看 | 国产成人精品高清免费 | 午夜无遮挡怕怕怕免费视频 | 亚洲国产成人91精品 | 免费看特黄特黄欧美大片 | 国产精品女上位在线观看 | 欧美另类69xxxxx 视频 | 国产伦精品一区二区三区四区 | 欧美一级www毛片 | 国产a∨一区二区三区香蕉小说 | 最新国产精品好看的国产精品 | 久草网在线观看 | 日本人一级毛片免费视频 | 国产成人永久免费视频 | 国产在线99 | 一级视频网站 | 一级片aaaa| 欧美视频免费一区二区三区 | 久久久久久综合成人精品 |