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

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / View

Forget fears, economy is alive and kicking

China Daily | Updated: 2016-02-09 16:26

Editor's note: China's GDP growth in 2015 slowed to 6.9 percent year-on-year, sparking mixed reactions at home and abroad. Following are three distinct comments by media outlets:

The 6.9 percent growth was within people's expectations, given the increased downturn pressure on China's economy as revealed by fluctuating macroeconomic data last year. The growth, however, was also beyond expectations because some predictions put it at an even lower level, which was indicated by the positive stock market response after the data were released.

Although last year China's growth rate slipped below 7 percent for the first time in a quarter century, it was within the parameters set by the Chinese authorities.

Premier Li Keqiang has said that instead of obstinately trying to maintain a very high growth rate, China will see to it that the economy grows reasonably well.

Because of the huge size of China's economy, the additional output from the 6.9 percent growth is equivalent to that of a middle-sized economy and higher than the additional value produced by the two-digit growth rate of previous years. That's why despite aiming for a high growth rate, we should also realize that with China's economy having already expanded considerably, it is natural for growth to register a gradual decline.

A simple comparison of growth rates during different periods could lead to fallacious conclusions. For a $2-trillion-plus economy, a 2.5 percent growth rate is considered high. So a 6.9 percent growth for the about $10-trillion Chinese economy should be considered very high. This is to say that people should not rack their brains over a little higher or lower than 7 percent growth and, instead, welcome a moderate economic growth as China enters the "new normal" stage.

After three decades of fast-paced growth, China today is quite different from what it was in the 1990s in its economic fundamentals, development model, industrial landscape and driving force. The national economy, too, has undergone notable changes both in terms of quantity and quality. It's time, therefore, for China to focus on economic governance instead of blindly pursuing a high growth rate.

China Business News

Despite being the lowest in 25 years, China's 6.9 percent growth in 2015 should not come as a surprise, because it has decelerated gradually rather than abruptly. The decline from 7.0 percent in the first quarter of 2015 to 6.8 percent in the fourth quarter was very moderate. Also, no drastic changes have occurred in China's economic environment and it still maintains a dynamic balance between upward growth and downturn pressures. And since either of the two factors can overpower the other, it is normal for China's economy to experience short-term fluctuations.

Besides, the 6.9 percent growth basically met the 7 percent or so official target for last year. Considering its colossal economic size, the growth rate is more than satisfactory for China, especially because of the harsh global economic environment.

More importantly, the increase of the tertiary sector's share to more than 50 percent of China's GDP augurs well for an economy undergoing transformation and upgrading. With consumption replacing exports and investment as a main driver of the economy, it has become clear that China can wean itself from the investment- and export-driven economic model and further tap into the vast domestic consumption potential.

Chinanews.com

Since the 6.9 percent growth for 2015 was made public, pessimistic opinions have flooded the Internet with comments such as "a 25-year low for China's GDP", "China's economic transformation only looks beautiful", "a precipice-style growth fall". But most of them talk only about the problems while ignoring the "bright side" of China's economy.

True, the "list of merits" recently published by the authorities indicates China has not done very well in every aspect, as reflected by its declining GDP trajectory, soft investment, sagging profits of enterprises and increased deflation pressures. But we cannot ignore the silver linings - for example, the service sector accounting for 50.5 percent of the GDP. A rising share of the sector means declining energy consumption per unit of GDP - and the reason why we should not make a fuss over the decline in China's power use.

The 66.4 percent that consumption contributed to China's GDP growth in 2015, an increase of 15.4 percentage points year-on-year, is also a laudable performance. Those viewing China's economic performance through tinted glasses cannot make a correct reading of the Chinese economy.

www.CNR.cn

Editor's picks
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: 美国一级片免费看 | 久久国产影视 | 国产91久久久久久久免费 | 欧美视频久久 | 免费人成网站 | 99久久免费看精品国产一区 | 成人午夜在线视频 | 大陆60老妇xxxxhd | 久久精品a亚洲国产v高清不卡 | 成人a毛片手机免费播放 | 男女扒开双腿猛进入爽爽视频 | 国产免费一级片 | 欧美毛片| 国产一级毛片视频 | 午夜性福利| 国产一级强片在线观看 | 国产亚洲自拍一区 | 亚洲系列中文字幕一区二区 | 在线欧美视频 | 色拍自拍亚洲综合在线 | 国产韩国精品一区二区三区 | 成人69视频在线观看免费 | 亚洲日本视频在线观看 | 国产视频久久 | 亚洲看片网| 黄 色 三 片| 一级片aaaa | 亚洲国产日韩精品 | 欧美成人tv在线观看免费 | 国产精品久久久久久小说 | 久久综合久久久久 | 久久精品国产99久久6动漫欧 | 日韩免费黄色片 | 国产精品手机在线播放 | 99九九国产精品免费视频 | 欧美观看一级毛片 | 一区二区三区在线看 | 国产一级毛片卡 | 国产成人黄网在线免 | 亚洲国产精品欧美日韩一区二区 | 清纯偷拍精品视频在线观看 |