久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

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

Experts: Positive signs in property, manufacturing

China Daily | Updated: 2017-07-21 08:24

Editor's Note: China's gross domestic product expanded at a rate of 6.9 percent in the first half of this year. In a series of interviews, China Daily asked economists, analysts and business leaders about the prospects for economic growth in the country.

Q1: What are the most encouraging signs in the Chinese economy in the first half of 2017? What impressed you the most about the macroeconomic data currently available?

Q2: Based on your research or business operations, what are your comments and projections regarding the Chinese economy's growth prospects in the second half of this year?

Q3: What will be the most supportive factors bolstering China's growth this year? What are the most severe challenges currently facing the Chinese economy?

Q4: What are your suggestions regarding how China can achieve stable, balanced and sustainable economic growth in the years ahead?

Experts: Positive signs in property, manufacturing

Zhang Zhiwei, chief China economist at Deutsche Bank. [Photo/China Daily]

A1: The most important signal is the rebound in the property sector. This strong performance in the property market is consistent with the signals we noticed in the land market. In particular land auctions in third-tier cities rose strongly in June. It seems market expectations for property and land became more optimistic in June.

There are clear signals that the authorities are taking measures to support financial stability and further enhance regulation coordination. The government aims to effectively manage financial risks without sacrificing growth. So far this year the government has indeed managed to deleverage the financial sector without damaging the economy. The government recognized the risk of high leverage in the financial sector and took action to address such risks. We noticed the banking sector cut credit to non-bank financial institutions. This tightening of financial regulation is necessary to maintain financial stability.

A2: Based on a matrix of key indicators, we expect GDP growth of 6.6 percent in the third quarter and 6.5 percent in the fourth quarter. With the economy doing well and the property sector rebounding, we think there is no urgency for the monetary policy stance to be loosened in the second half of this year. Investment growth is likely to slow a bit. But we believe the slowdown will be gradual. Credit growth in the financial sector slowed sharply, but credit growth to the real economy remains strong.

A3: Economic growth may remain resilient. In particular, the rebound in the property sector plays a critical role in the growth cycle. It helps the economy through the fiscal channel, as local government revenue from land sales improves.

While the property market has been resilient, exports also performed well with help from strong global demand. In the second half of 2017, the challenge is to avoid relying too much on the housing market and develop a more sustainable strategy for the housing market.

A4: Structural reforms are critically important to achieve a more sustainable growth model. With an aging population, China needs to come up with a higher productivity growth. This can only be achieved through structural reforms, particularly in the service sector. There is still a lot of potential to be utilized, as a large part of the service sector remains protected with high entry barriers to private investment.

The financial sector will further unleash potential for economic growth as well. The government could further open up the financial sector to foreign investors, allow domestic investors to diversify asset allocation globally, and promote renminbi internationalization.

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: 农村寡妇特一级毛片 | 毛片a片免费观看 | 国产成人综合网在线观看 | 久久久网站| 国产a国产 | 国产成人一区二区三区在线播放 | 亚洲男人的天堂在线视频 | 亚洲国产高清一区二区三区 | 日本久久综合 | 91极品尤物 | 国产中文久久精品 | 国产自约视频 | 欧美在线播放成人a | 99久久这里只精品国产免费 | 国产在线欧美日韩精品一区二区 | 国产成人啪一区二区 | 欧美性妇 | 亚洲线精品一区二区三区 | 国产欧美日韩亚洲精品区2345 | 亚洲国产精久久久久久久 | 2020亚洲男人天堂 | 三级黄色片网址 | 精品免费国产一区二区三区 | 自拍视频网 | 看欧美毛片一级毛片 | 天天插夜夜爽 | 亚洲国产精品一区二区九九 | 国产午夜久久影院 | 欧美一区二区三区在线观看 | 国产欧美一区二区三区视频 | 韩国毛片在线观看 | 精品视频在线看 | 亚洲精品国产综合99久久一区 | 日韩精品一区二区三区免费视频 | 久久网站免费 | 免费一级特黄 | 久污 | 久久精品福利视频在线观看 | 女人被男人躁得好爽免费文 | 欧美日韩亚洲综合在线一区二区 | 亚洲成人中文 |