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

  Home>News Center>China
       
 

World Bank: Strong exports to spur growth
By Feng Jie (China Daily)
Updated: 2006-02-10 05:28

China will benefit from solid export demand this year but it will take time for consumption to play a much-desired bigger role in generating growth, the World Bank said yesterday.

If local governments continue to be obsessed with pursuing high growth numbers, it threatens to derail the State's plan to shift its focus to stimulating spending rather than investing heavily on infrastructure.

World Bank: Strong exports to spur growth
A port is seen in this photo taken on January 11, 2006 in Nanjing, East China's Jiangsu Province. [newsphoto/file] 

In its China Quarterly Update released yesterday, the bank presented a robust outlook for China's economy in 2006, projecting a 9.2 per cent gross domestic product growth for the year based on recently-revised data, which it said is equivalent to its earlier forecast of 8.7 per cent based on the old data.

While domestic demand took the lead over net exports in fuelling growth in the second half of last year, strong external demand this year "should prevent too abrupt a deceleration in exports stemming from negative domestic supply side effects," including a levelling off of foreign direct investment (FDI), some exchange rate appreciation and tax measures taken to discourage energy-intensive exports, noted the update.

China's strategic focus is to boost domestic demand for the next five years, trying to reduce the economy's reliance on foreign trade. And the consensus is consumption should play a bigger role in promoting growth, after a few years when investment growth for a large part faster than expected was the major engine of growth.

While household consumption will be supported by solid income growth as well as tax and fiscal incentives, the World Bank said it did not expect a dramatic pickup in consumption soon, noting the difficulty in significantly boosting rural income growth.

"Rebalancing the composition of demand will have to rely to a large extent on policies addressing structural issues, including public finance measures, financial sector reform, dividend policy and corporate governance, and these take time," it said.

Investment is expected to remain strong due to factors such as favourable macroeconomic conditions, strong confidence, solid profit growth and, particularly, ample liquidity in the banking system, said Bert Hofman, World Bank's lead economist for China.

"Monetary policy could in the short run focus on absorbing some of the excess liquidity to reduce the risk of excessive credit growth," he said.

While this task maybe somewhat complicated by rapid financial innovation, Hofman said a more flexible exchange rate mechanism of the renminbi would have a stronger effect this year on reducing the pressure of sterilizing foreign currency inflows.

China's move last July to let its currency appreciate by 2 per cent and link it to a basket of currencies instead of the US dollar alone has achieved "a fair amount of success," he said, noting a presumable sharp decrease in non-FDI inflows in the second half of last year.

(China Daily 02/10/2006 page1)



Fire kills 5 in Northeast China
Aerobatics show in Hunan
Final rehearsal
  Today's Top News     Top China News
 

Australia, US, Japan praise China for Asia engagement

 

   
 

Banker: China doing its best on flexible yuan

 

   
 

Hopes high for oil pipeline deal

 

   
 

Possibilities of bird flu outbreaks reduced

 

   
 

Milosevic buried after emotional farewell

 

   
 

China considers trade contracts in India

 

   
  EU likely to impose tax on imports of Chinese shoes
   
  Bankers confident about future growth
   
  Curtain to be raised on Year of Russia
   
  Coal output set to reach record high of 2.5b tons
   
  WTO: China should reconsider currency plan
   
  China: Military buildup 'transparent'
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Nation's GDP to expand 8% to 9% in 2006
   
Further growth faces challenges
   
Growth of China'economy to slow down in 2006
   
China's economy grew 9.9% to US$2.3 trillion
   
China to maintain prudent economic policy
   
China needs new growth model
   
World Bank: China's economy to grow 9.2%
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 欧美日韩成人在线视频 | 午夜在线社区视频 | 手机看片神马午夜 | 亚洲人成网址在线观看 | 一区二区三区免费精品视频 | 国内国外精品一区二区 | 港台三级在线观看 | 精品久久久久国产免费 | 久久久久久国产精品免费免费 | 97精品久久久久中文字幕 | 性欧美高清久久久久久久 | 国产精品1区2区3区在线播放 | 精品成人免费视频 | 一级片在线免费看 | 欧美激情 自拍 | 国产一级毛片外aaaa | 欧美综合精品一区二区三区 | 免费国产高清精品一区在线 | 日韩精品特黄毛片免费看 | 欧美巨乳在线观看 | 欧美性极品hd高清视频 | 国产一级黄色网 | 久草网首页 | 欧美亚洲网站 | 欧美性色高清生活片 | 欧美激情一级欧美精品 | 亚洲欧美日韩在线线精品 | 欧美精品一区视频 | 色综合91久久精品中文字幕 | 真人一级毛片免费观看视频 | 国产精品三区四区 | 国产美女动态免费视频 | 欧美色道| 成人欧美一区二区三区在线观看 | free性欧美hd另类精品 | 色丁香久久 | 美女脱了内裤张开腿让男人桶网站 | 欧美日韩亚洲在线观看 | 男人扒开双腿女人爽视频免费 | 亚洲成a人v | 亚洲精品视频免费看 |