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

7% GDP rate will be quality growth

(chinadaily.com.cn) Updated: 2015-06-11 16:26

7% GDP rate will be quality growth

Hao Jianming, chairman and CEO of Nasdaq-listed Sino Mercury Acquisition Corp (SMAC). [Photo provided to chinadaily.com.cn]

Editor's note: The first quarter of 2015 is the beginning of China's "new normal" economy, meaning the nation is moving toward a slower, but more sustainable growth rate.

During the first three months, China's economic growth fell to a six-year low of 7 percent, buffeted by sharp declines in industrial production and real estate construction. Meanwhile, fixed-asset investment growth dipped to a historic low of 13.5 percent, compared with the average of 15.7 percent last year.

In March, China's industrial output growth dropped to a post-crisis low of 5.6 percent, down from 6.8 percent in the first two months of the year and from 7.9 percent in December. Year-on-year retail sales growth in March slowed to 10.2 percent, the lowest level since March 2006, compared with 10.7 percent in the first two months.

China Daily asked a cross-section of senior executives from a variety of multinational companies with operations in China to offer their thoughts on the "new normal" economy and their plans in the near future.

Here are the answers from Hao Jianming, chairman and CEO of Nasdaq-listed Sino Mercury Acquisition Corp (SMAC). 

Q1. Although the GDP growth rate has fallen to 7 percent in the first quarter from 7.3 percent in the fourth quarter last year, the dip has not surprised the market. Some analysts have said the drop in the growth rate is good for structural adjustment and transformation. What's your view?

Hao: Reforms usually take place when there is economic downturn. Although people often say that it's the outside world that pushes reform, which now has become a mantra, it's not true. When there is economic slowdown, the country will stimulate the market by launching major reforms, thus prompting market rejuvenation.

Under normal circumstances, if the economy is progressing well, the country would only make some corresponding adjustments; but if the economy is always in a state of downturn for a long period of time or the GDP is consistently lower than expected, that will activate national reform. This kind of reform is implemented through structural adjustment, because the development of the economy is bound to create some excess layout in some areas, while other areas will remain relatively poor. The GDP has dropped to 7 percent in the first quarter, and I think it is likely to be not very ideal in the second quarter and even in the third quarter. That is also the basis of reform and the basis of national fiscal policy as well as monetary policy adjustments. GDP has now become an indicator of national reform and the motivation to push forward, as well as the basis for improvement.

Q2. In March Premier Li Keqiang announced a growth target of "around 7 percent" for 2014. Do you think the target is achievable, especially when both the global and domestic economies aren't picking up as fast as they should?

Hao: The green GDP with 7 percent target is achievable and acceptable. Although the GDP in the past was high, most of it was achieved through large amount of investment, and even many inefficient investments in some fields. Such a GDP is not high quality, nor is it environmentally protective. If our green and environmental protection GDP reaches 7 percent through reform, I think that is a GDP of high quality and one I am willing to accept. The only problem now is how long the relatively low level of GDP will last. It looks like that GDP will still not be optimistic in the fourth quarter. We hope that China's GDP or the economy will bottom out in the fourth quarter, of course, which is my optimistic forecast and also the basis of China's economy becoming better and better through reform. If this rate can be achieved, which will also well explain the reform of China's utility has been produced, it would make the year 2016 an ideal year.

Previous Page 1 2 3 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产成年女一区二区三区 | 免费精品久久 | 日韩国产欧美一区二区三区 | 免费毛片播放 | 欧美chengren| gogo999亚洲肉体艺术大胆 | ririai99在线视频观看 | 欧美成人三级网站在线观看 | 免费播放欧美毛片欧美a | 久久99久久精品久久久久久 | 亚州免费视频 | 欧美日韩高清性色生活片 | 久久久精品一区二区三区 | 91精品一区二区三区在线观看 | 久久精品视频5 | 色偷偷在线刺激免费视频 | 精品亚洲欧美高清不卡高清 | 久久一本色系列综合色 | 波多野结衣免费观看视频 | 成人性色大片 | 亚洲高清免费 | 中文字幕123区 | 欧美在线观看a | 美女被免费网站在线视频软件 | 久久免费精品一区二区 | 国产成人高清亚洲一区91 | 日本a级在线 | 国产激情久久久久久影院 | 久久免费国产精品一区二区 | 一级一级一片免费高清 | a级免费 | 女人张开腿让男人捅的视频 | 怡红院视频网 | 毛片在线全部免费观看 | 亚洲三级在线播放 | 国产精品久久国产三级国不卡顿 | 成人免费午夜性视频 | 欧美深夜在线 | 欧美日韩亚洲国产精品 | 亚洲国产一区二区a毛片日本 | 国产手机视频 |