日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

China's economy is on the right track

China Daily | Updated: 2017-07-18 08:59
Share
Share - WeChat

Jing Ulrich, vice-chairman of Asia-Pacific at JP Morgan. [Photo/VCG]

A1: One of the most favorable drivers for the Chinese economy in the first half of year has been PPI (Producer Price Index) inflation, which has helped to support strong growth in industrial profits in various industries. These include mining, equipment manufacturing and consumer goods.

Total industrial profits increased 22.7 percent year-on-year between the January-May period. In the first and the second quarters, China's GDP grew at a respectable rate of 6.9 percent year-on-year, beating expectations.

The stable growth and PPI inflation have reduced the risks of credit defaults in the economy. This has provided a supportive environment for policymakers to manage financial risks that could arise from shadow banking.

A2: Looking at the second half of the year, we expect economic growth to moderate from the first six months. Indeed, data from the second quarter indicate moderation in industrial production growth and fixed investment activity.

In addition, the housing market has also showed signs of cooling, as reflected by lower investment growth in recent months. We expect to see more softening in the economy in the coming months, as the impact of fiscal support in the first quarter diminishes.

The impact of financial and housing market tightening will also become more apparent.

A3: The resilient performance of the service sector will be one of the key factors supporting China's growth in the near term.

Rapid expansion of technology and service industries will create new jobs and products that meet the needs of a thriving middle-class population. Their consumption power will help drive the economy forward.

In terms of challenges, corporate debt and the growth of shadow banking activity remain key issues, which could result in a setback for the economy.

Policymakers have taken steps to tighten financial conditions and curb risky credit, but they need to balance them with accommodative policies that support economic growth.

A4: First, policymakers should continue to provide incentives that encourage the development of tertiary industries and new economy sectors.

Second, State-owned enterprise, or SOE, reform remains a critical element in addressing the debt and overcapacity problems. A transparent, legally-based bankruptcy scheme needs to be implemented for under performing SOEs.

To ensure its success, reforms need to be accompanied by comprehensive skills retraining to help displaced workers find employment in new firms and industries.

The transition can be painful, but the commitment to carry out such reforms will steer China toward a more stable and sustainable growth path in the long run.

|<< Previous 1 2 3 4 5 6 Next   >>|
Top
BACK TO THE TOP
English
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
CLOSE
 
主站蜘蛛池模板: 国产在线观看免费 | 免费亚洲黄色 | 久操久操 | 在线观看亚洲a | 欧美毛片网 | 免费国产小视频在线观看 | 草草视频在线观看 | 色综合久久88中文字幕 | 国产成人一区二区三区 | 97影院2| 日韩欧美国产一区二区 | 久久精品一区二区 | 久草在线视频福利 | 国产福利99 | 青草视频网站在线观看 | 中文字幕 国产 | 天天操天天操天天操 | 国产传媒在线视频 | 草草网站| 欧美一区二区在线播放 | 成年男女男免费视频网站不卡 | 欧美性猛交一区二区三区精品 | 免费在线毛片 | 天天操天天操天天干 | 中文字幕日韩精品在线 | 欧美a站| 日日摸夜夜添夜夜 | 久草热久草在线 | 亚洲六月丁香色婷婷综合久久 | 成人午夜免费看 | 欧美3级 | 亚洲激情一区 | 毛片成人永久免费视频 | 日本久久网 | 天天天天做夜夜夜夜 | 色婷婷综合久久久中字幕精品久久 | 国产激情网站 | 亚洲免费人成在线视频观看 | 91免费在线 | 午夜神器18以下不能进免费观看 | 日本黄色中文字幕 |