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

US EUROPE AFRICA ASIA 中文
Business / Economy

2014 key to China's economic reform

(Xinhua) Updated: 2014-02-21 10:54

BEIJING - Foreign analysts say this year could be a turning point for China as the country's leaders continue to push for reform and a rebalancing of its economy.

Since the release of the action plan for air pollution prevention and control in last September, central and local governments have started to ease surpluses in production capacity and achieved tangible results.

Some organizations said local authorities had shown determination to promote structural adjustment, with 22 provinces recently cutting their GDP growth targets, which could inevitably hinder the national economy's growth rate.

"Reform and growth have apparent contradictions, China has to sacrifice part of its growth to implement reform policies," Xu Sitao, chief representative of the Economist Group in China told Xinhua on the sidelines of a round table discussion on the economics that will affect China and the world in 2014, held in Beijing Tuesday.

"The Economist Intelligence Unit predicted that China's economy growth would slow down to 7.2 percent, not maintain 7.5 percent," he said, adding "Chinese leaders's tolerance of the slowdown demonstrated their determination for reform."

Slowing the pace was not bad, said Stephen Roach, senior fellow at Yale University's Jackson Institute for Global Affairs in an article.

With the development of the service sector, China's economy could meet more employment needs with slower economic growth, as its service sector required about 30 percent more jobs per unit of GDP than manufacturing and construction, he said.

Echoing his view, Michael Andrew, the Global Chair of KPMG, pointed out China was on track to transform from an export-oriented economy to a service and domestic demand-oriented one, which was good for both rebalancing in China's and global markets.

Zhu Haibin, JP Morgan's China chief economist, predicted China would focus its main efforts on reforms in administration, finance and the fiscal sector in 2014, saying the effect of reforms in the short term depended on both the sequence and pace of the implementation of policies.

In a word, China's economy is faced currently with weak exports, over capacity, debt risk and spillover effects from the US QE tapering. However, it also enjoys mild inflation, stable employment and a clear reform strategy which provide the proper timing for reform.

2014 key to China's economic reform
China's direct govt debt risks controllable

2014 key to China's economic reform
New warning on overcapacity

China's GDP growth to slow to 7.62%

 

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 久久久久亚洲精品 | 九草视频在线 | 青草视频在线 | 涩涩伊人 | 成人18免费网站在线观看 | 美乃雀中文字幕在线一区 | 男女作爱免费网站 | www.狠狠色 | 国产在线网 | 一区二区三区欧美精品 | 国产午夜视频 | 久久国产精品99久久小说 | 午夜免费视频 | 午夜精品视频 | 亚洲精品久中文字幕 | 99re6热只有精品免费观看 | 精品一区二区三区在线观看l | 青青久久久国产线免观 | 99爱在线观看 | 欧美日韩网址 | 日本高清精品 | 欧美激情久久欧美激情 | 欧美自拍视频在线 | 青青草一区 | 国产色网 | 欧美日韩久久 | 精品国产不卡一区二区三区 | 欧美在线一级片 | 精品欧美乱码久久久久久 | 男女一进一出视频 | 成人欧美s视频在线观看 | 亚洲网站在线观看 | 九九亚洲视频 | 九九爱国产 | 久久久久99 | 欧美爱爱一区二区 | 久久网在线 | 久久久久久久国产 | 日本毛片高清免费视频 | 免费看黄色一级大片 | 久草色网|