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

Better quality growth ahead

By Li Xiang and Chen Jia | China Daily | Updated: 2017-11-30 07:34
Share
Share - WeChat

A worker watches a crane loading cargo in Urumqi, capital of the Xinjiang Uygur autonomous region.[Photo/Xinhua]

GDP will moderate to 6.5% next year, amid robust consumption and exports

China will see softened growth in the coming quarters due to tighter credit conditions and the deceleration of property and infrastructure investment, but growth quality will improve due to robust consumption and exports, economists said on Wednesday.

The country's GDP growth will moderate to 6.5 percent next year and fall further to 6.3 percent in 2019 as policymakers step up industrial capacity cuts, leverage controls and property curbs, according to Robin Xing, chief China economist with Morgan Stanley Asia Ltd.

Growth will be dragged down by slower investment as property investment growth is expected to drop from this year's 7 percent to 5 percent next year, and infrastructure investment falls to 13 percent from 15.6 percent, Xing said at a news conference in Beijing.

"While there is short-term downward pressure, the slower growth is a reflection of the policymakers' commitment to prioritize growth quality, and we are more confident on China's long-term outlook," Xing said.

The improvement of China's growth quality was highlighted by the trend that consumption is becoming a main driver. Its share in China's real GDP growth is expected to rise further to 67 percent next year on the back of a resilient job market, according to Xing.

Other supportive factors include China's robust exports supported by stronger global recovery and the steady growth of investment from the private sector, Xing added.

Song Yu, chief China economist and vice-president of Beijing Gao Hua Securities Co Ltd, shared similar views with Xing, expecting China to see modest growth deceleration next year with a 6.5 percent real GDP growth rate, down from a forecasted 6.8 percent this year.

The relatively higher growth rate in China-compared with an expected global rate of 4 percent-will continue to lead global economic growth, which could help some economies jump out of the deflation trap, according to Song.

Both economists forecast rising inflation in China next year, with Song expecting the consumer price index to move higher to 2.3 percent from this year's 1.5 percent. But he said it is still within the government's comfort zone.

Song expected China's monetary policy to be broadly stable, adding that policymakers should accelerate economic reforms with continued targeted tightening to contain financial risks, restraints on house price appreciation in top-tier cities, as well as "shadow banking" leverage.

When it comes to credit conditions, Xing from Morgan Stanley believed that China will likely see incrementally tighter financial conditions with a possible rate hike next year by the Chinese central bank, combined with continued regulatory tightening on shadow banking and scrutiny of local government financing.

The People's Bank of China will likely raise interest rate by 25 basis points in the third quarter of next year in the face of rising inflation and upcoming rate hikes by the US Federal Reserve, according to Xing.

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: 国产精品91久久久久 | 欧美性色综合网 | av在线网站观看 | 国产午夜永久福利视频在线观看 | 欧美日韩一区二区中文字幕 | 亚洲精品456人成在线 | 日本中文在线 | 欧美成a人片在线观看久 | 伦一区二区三区中文字幕v亚洲 | 曰韩在线视频 | 久久久免费的精品 | 成人久久18免费观看 | 亚洲一区2区三区4区5区 | 香蕉国产人午夜视频在线 | 国产男女免费完整版视频 | 久久久国产精品x99av | 大香久久 | 一区二区三区中文字幕 | 色图综合 | a三级毛片 | 国产综合视频在线观看 | 亚洲成人精品在线观看 | 国产精品爱久久久久久久小说 | 国产免费一区二区 | 亚洲视频 在线观看 | 99在线精品免费视频九九视 | 欧美午夜精品久久久久免费视 | www国产精品 | 日韩精品区 | 一区二区三区欧美 | 谍影特工在线观看完整版 | 午夜午夜精品一区二区三区文 | 日本看片一区二区三区高清 | 人人爱天天做夜夜爽88 | 国内自拍偷拍网 | 99爱在线观看 | www欧美| 日韩五月天 | 免费二区| 日本黄页免费大片在线观看 | 国产91高清在线 |