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

ADB raises economic growth forecast

By Wang Yanfei | China Daily | Updated: 2017-09-27 07:55
Share
Share - WeChat

The Asian Development Bank (ADB) on Tuesday raised China's growth forecast for 2017 and 2018, supported by the strong service sector, fiscal expansion and export recovery.

The bank now expects China's economy to expand by 6.7 percent in 2017, up from a previous projection of 6.5 percent in April, and growth in 2018 is expected to reach 6.4 percent compared to 6.2 percent in its previous forecast.

Juergen Conrad, head of the economics unit at the ADB China Resident Mission, said some promising signs, such as the recovery of exports, appeared in the first half, which had not been anticipated in April.

China's economy grew at a faster than expected rate of 6.9 percent in the first half.

Conrad said he expected the positive signs to continue to support growth in the coming months.

Consumption will remain the main driver of growth as incomes rise strongly and consumer confidence hits a record high.

Net exports will recover to contribute to economic growth this year but may decline in 2018 due to a weak recovery of global demand.

The revised forecast comes after some rating agencies lowered China's rating.

S&P Global Ratings downgraded China's sovereign credit rating earlier this month by one notch to AA-, in line with that of Moody's.

Conrad said while financial risks do exist, as the rating companies mentioned, the short-term outlook for the Chinese economy remains promising.

"The government is doing a good job trying to contain risks in the financial sector, and has been trying to see a smooth transition amid the rebalancing process," he said. "There is a general consensus across credit rating companies on efforts being made in progress."

The National Financial Work Conference in July, which set policy for the coming five years, re-emphasized that corporate financing costs should be lowered.

The meeting also established a commission to better coordinate the activities of financial regulators and the central bank, the latter of which will play the leading role in maintaining financial sector stability.

Yin Jianfeng, chief economist with China CZ Bank, said the downgrade was somewhat "bizarre" when the Chinese economy is rebalancing its structure, moving away from past strong credit expansion.

Date from the Bank of International Settlements (BIS) showed China's overall leverage ratio is growing at a slower pace.

China's non-financial corporate leverage ratio declined for the third consecutive quarter to 165.3 percent in the first quarter this year, the BIS data showed.

The key challenge ahead for China is to complete the unfinished agenda of supply-side reform, mainly cutting overcapacity and deleveraging, the report said.

As recently launched mixed ownership reform pilot programs only offer limited experience for other companies, more far-reaching reforms are expected next year, according to Conrad.

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: 免费看片网址 | 九九色网站| jizzjizzjizz亚洲日本| 精品在线一区二区 | 国产福利观看 | 久久亚洲一级毛片 | 97超级碰碰碰在线播放 | 黄色在线免费看 | 欧美精品一区二区三区在线 | 青青草福利视频 | 国产成人免费永久播放视频平台 | 亚洲成片在线观看12345ba | 国产成人av免费观看 | 日本欧美日韩 | 日本精品久久久久中文字幕 | 日韩在线高清 | 看一天影院宅急看在线观看 | 91久久精品国产 | 日韩在线视频观看 | 91精品国产综合久久国产大片 | 99人体做爰视频 | 九九这里只有精品视频 | 日本高清色片 | 国产三级在线精品男人的天堂 | 一区二区免费视频观看 | 久久久久中文字幕 | 日本一区二区免费看 | 日韩在线免费观看视频 | 亚洲精品久久九九热 | 日韩专区在线播放 | 大逼视频| 国产精品久久久久久搜索 | 亚洲一区二区三区在线看 | 毛片网站在线 | 欧美日韩国产一区二区三区不卡 | 一区二区免费看 | 美女久久久久久久久久久 | 久久无码人妻中文国产 | 成人性生活视频在线观看 | 色综合视频在线观看 | 免费精品美女久久久久久久久久 |