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

CHINA> National
China's recovery helps fuel regional resurgence: WB
(Xinhua)
Updated: 2009-11-04 14:34

WASHINGTON: The economic rebound in East Asia and the Pacific has been surprisingly swift and very welcome, but taking China out of the equation, the regional picture is less rosy, according to a World Bank report released on Tuesday.

The latest East Asia and Pacific Update, titled Transforming the Rebound into Recovery, says large and timely fiscal stimulus spending in most East Asian and Pacific countries -- led by China and South Korea -- along with a powerful process of inventory restocking now underway, have driven the rebound in the region and contributed significantly to confidence in a global pick-up.

Developments in the East Asia & Pacific region remain strongly influenced by China, where the projected increase in GDP (Gross Domestic Product) in 2009 will offset three quarters of the decline in the GDPs of the US, the Eurozone and Japan.

Special coverage:
World Economic Recovery
Related readings:
China's recovery helps fuel regional resurgence: WB 
Global wages drop despite economic recovery
China's recovery helps fuel regional resurgence: WB Overseas investment helps bankroll recovery
China's recovery helps fuel regional resurgence: WB Donations likely to face slow recovery in US
China's recovery helps fuel regional resurgence: WB Wall St tumbles on recovery, sees new down
But despite Indonesia and Vietnam performing well, developing East Asia excluding China is projected to grow at around 1 percent in 2009 -- more slowly than South Asia and the Middle East and North Africa, and only slightly stronger than Sub-Saharan Africa.

Some countries remain especially hard hit -- GDP is contracting in Cambodia, Malaysia and Thailand and is barely growing in Mongolia and some of the Pacific Islands, the report says.

As enterprises, both formal and informal, adjusted to weaker demand earlier in the year, workers across the region have been impacted in different ways.

Enterprises cut workers' hours, eliminated extra shifts, let temporary or contract workers go, or lowered wages -- but some of these measures are now being reversed, according to the World Bank's half-yearly assessment of the economic health of the East Asia and Pacific region.

Relatively few full-time employees have been laid off as companies have tried to limit recruitment and training costs when demand picks up. Workers who have been let go have typically found jobs in services and agriculture, often in the informal sector at lower pay and in more challenging working conditions.

In some countries, fiscal stimulus packages have supported the creation of temporary public employment.

The report estimates that 14 million people who would have emerged from 2-dollar-a-day poverty if the region's economies had kept growing at pre-crisis levels, will remain in poverty in 2010.

However, with projected growth of 8.4 percent in China this year and the countr's domestic demand racing ahead of global demand, countries exporting consumer durables, electronic components and raw materials to China have felt the positive flow-on effects. As a result, the World Bank is projecting growth of 6.7 percent in 2009 for developing East Asia and the Pacific and 7.8 percent next year.

As officials, ministers and heads of state from the 21 member countries of the Asia-Pacific Economic Cooperation (APEC) forum head to Singapore later this week, the World Bank's chief economist for the East Asia and Pacific region, Vikram Nehru, warned that risks to a sustainable recovery remain.

"Some governments in the region will have the fiscal space to sustain fiscal stimulus until recovery is on a firmer footing," he said. "The time to begin removing monetary accommodation may come earlier however, especially given concerns about asset price bubbles."

He said looking beyond 2009, countries in the region can still grow rapidly even if growth in the advanced economies is slow. To take advantage of the growth potential ahead, countries need to resist protectionism, remain open and become more, not less integrated with the regional and global economies.

"Moving up the value-added chain in global and regional production networks should lead to further productivity gains and strong growth, and allow for new technologies and innovation to spread more widely through the region's economies," Nehru said.

The report's lead author Ivailo Izvorski said the crisis has helped governments realize that more growth can be extracted from domestic demand if incentives that have limited expansion in private consumption and services are tackled.

"Rebalancing growth need not be presented as a choice between relying on global markets or on domestic markets," Izvorski said.

"It can be about extracting more growth from domestic demand as a complement to increasing integration within the region and the global economy. Facilitating the development of the service sector, addressing infrastructure bottlenecks, and boosting the quality of education need to be accompanied by developing better targeted and better funded social protection systems," he said.

"Together with education and health, improved social protection systems will help reduce precautionary saving, promote domestic cohesion at a time of rapid regional and global integration, and enable countries to reap the full benefits from agglomeration economies, all of which are key to long-term economic success," he added.

 

主站蜘蛛池模板: 日本天堂在线视频 | 成人精品一区二区不卡视频 | 在线亚洲日产一区二区 | 久久视频在线视频 | 国产女厕所| 亚洲视频网站在线观看 | 手机国产精品一区二区 | 久久经典免费视频 | 日本一道免费一区二区三区 | 操操综合网 | 精品毛片视频 | 久久久久久国产精品视频 | 久久国产国内精品对话对白 | 国产精品久久在线观看 | 亚洲欧美在线综合一区二区三区 | 欧洲免费无线码一二区 | fulidown国产精品合集 | 日本巨乳中文字幕 | 久久久成人啪啪免费网站 | 久久精品3 | 国产精品成人久久久久 | 高清偷自拍第1页 | 免费一级网站 | 香港三澳门三日本三级 | 欧美午夜在线播放 | 一级特级欧美aaaaa毛片 | 国产成在线观看免费视频成本人 | 国产区久久 | 成人毛片免费网站 | 久久怡红院 | 成人毛片在线播放 | 久久精品二三区 | 亚洲午夜一区二区三区 | 婷婷在线成人免费观看搜索 | 国内精品久久久久久影院老狼 | 中文字幕日韩精品中文区 | avwww在线| 日韩视频欧美视频 | 国产成人精品系列在线观看 | 青青草国产免费国产是公开 | 色爽爽爽爽爽爽爽爽 |