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
China / Latest News

China five-year plan to chart reform, growth path

(Xinhua) Updated: 2015-10-28 15:43

China is mulling the 13th five-year plan, which will chart its reform and growth path, when the country is entering a "new normal" of slower growth and boosting re-balancing towards consumption and services.

The new five-year period from 2016 to 2020 will be key for reforms, which can facilitate economic growth, including reforms on tax and fiscal policy, state-owned enterprises and finance, according to China International Capital Corporation (CICC), one of China's leading investment banks.

Leaders of the Communist Party of China (CPC) met in Beijing on Monday for a four-day meeting to discuss changes, while the fifth plenary session of the 18th CPC Central Committee will review proposals for the five-year plan. After taking into account the proposals, a final plan will be ratified by the annual session of China's top legislature in March 2016.

The biggest challenge for the 13th five-year plan may be capping the runaway financial sector without hammering growth, according to Bloomberg research.

More financial market reforms are expected to be included in the new plan to encourage risk-taking and stoke growth for small and medium businesses.

Non-traditional financial services may be allowed a greater role in the economy to cut reliance on the state-owned mega-banks and their traditional deposit taking and lending function, it forecast.

Newly-packaged financial intermediation services such as peer-to-peer lending, crowd funding, Internet-based financing, asset securitization, derivatives and corporate bonds are likely to be a regulatory focus and encouraged, it said.

The more meaningful function of the meetings is prioritization of various policy targets, especially considering China's economic growth has continued to decelerate, settling at 6.9 percent during the third quarter of this year, said Zhu Haibin, chief economist for J.P. Morgan China.

Like in previous five-year plans, a GDP growth target is likely to be included. The market estimates the growth target for 2016-2020 will be put between 6.5 and 7 percent.

The market interprets the growth target as an important indicator of how leaders will prioritize growth and structural re-balancing, Zhu said.

If the growth target is lowered to 6.5 percent, it implies the government will tolerate slower growth to leave more room for structural re-balancing. Accordingly, there will be less stimulus efforts by the government. If the target is left unchanged at 7 percent, it implies the government will have to maintain its loose policy stance and do more easing, and perhaps at the cost of structural re-balancing, Zhu said.

Not surprisingly, no one seems to consider a growth target below 6.5 percent, as China's target to double GDP between 2010 and 2020 will require the average GDP growth in 2016-2020 to be 6.5 percent, he added.

The previous five-year plan in 2011-2015 set an average annual growth target of around 7 percent. Between 2011 and 2014, the economy expanded by an annual rate of 8 percent.

Highlights
Hot Topics
...
主站蜘蛛池模板: 国产亚洲一区二区三区在线 | 久久久久久久性高清毛片 | 国产精品高清在线观看93 | a级毛片免费观看在线播放 a级毛片免费看 | 91欧美一区二区三区综合在线 | 久久久久久国产精品免费免费 | 99在线观看视频免费精品9 | 香蕉久久夜色精品国产尤物 | 国产精品免费久久久免费 | 国产无限制自拍 | 亚洲国产夜色在线观看 | 三级国产在线观看 | 亚洲精品无码专区在线播放 | 看一级毛片国产一级毛片 | 日本一级爽毛片在线看 | 久久免费国产精品一区二区 | 国产精品久久久久久久9999 | 免费国产综合视频在线看 | 中国成人免费视频 | 毛片免费在线视频 | 国产精品久久久久影院色老大 | 99re9精品视频在线 | 一级毛片在播放免费 | 香港日本韩国三级网站 | 欧美久久久久久 | 国产免费怡红院视频 | 玖草视频在线 | 114毛片免费观看网站 | 国产一级特黄全黄毛片 | 久久日本精品一区二区免费 | 国产一级片免费 | 久久丁香 | 久草资源在线观看 | 国产区精品一区二区不卡中文 | 亚洲美女视频一区二区三区 | 三级网站免费观看 | 手机看片日韩国产一区二区 | 看欧美的一级毛片 | 久久日本三级韩国三级 | 男女在线观看视频 | 久久精品99精品免费观看 |