日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / CHINADAILY Editorial

Better than expected growth shows economy has resilience: China Daily editorial

chinadaily.com.cn | Updated: 2017-04-17 18:40

The 6.9 percent economic growth China recorded in the first quarter of this year beat market expectations. Before the figure was released by the National Bureau of Statistics on Monday, many analysts had expected the economy to expand 6.8 percent in the January-March period, the same rate as in the last quarter of 2016.

The slightly improved figure results from many factors, including increased government infrastructure spending, a booming housing market, robust industrial output, a rebound in exports and strong retail sales.

The impressive performance in the first quarter lays a good foundation for the government to achieve this year's annual growth target of around 6.5 percent.

It should also help allay concerns that China's economy might be heading for a hard-landing, as some international analysts have forecast, citing weak external demand, contracting manufacturing activities and surging government debts.

That worry, though far from reality, is understandable, given that China has been the engine that has powered the global economy for many years.

However, the doomsayers overlook the resilience of China's economy. As the first quarter's economic performance signals, China's growth remains stable, and its transition away from low-end manufacturing and investment-led expansion to a higher position in the global production chain and domestic consumption, is well on track.

There is still the need to keep a close eye on the situation both at home and abroad, though, as challenges remain from the complicated external environment and domestic structural problems.

For instance, as the government steps in to rein in the property market that shows signs of overheating and tighten bank lending policies, the effect of cheap credit to propel growth will diminish.

And there are hard tasks ahead. The government has to continue cutting overcapacity, reducing inventory, eliminating money-losing "zombie enterprises" and encouraging innovation to make the country's economy more sustainable.

So rather than relying on debt-fuelled stimulus, more efforts have to be made to release the dividends of reform and the potential of domestic consumer spending to drive growth.

The 7 percent growth in disposable income in the first quarter, the fastest since the end of 2015, highlights the strong endogenous consumption potential.

The better-than-expected growth provides a good springboard to continue to pursue a growth model that relies on consumption, services and innovation, rather than investment and exports. This will make China's economy even more sustainable and ensure more balanced and healthy growth that benefits all.

 

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: www.黄在线观看 | 精品在线99 | 一本加勒比北条麻妃 | 91免费福利| 欧美激情 亚洲 | 午夜在线观看视频网站 | 亚洲视频大全 | 四虎国产成人永久精品免费 | 在线观看成人网 | 日韩精品在线免费观看 | 久久国产免费观看 | 日韩av一区二区在线观看 | 日日夜夜影院 | 插入综合网 | 久久久成人精品 | 国产网友自拍 | 综合网婷婷 | 爱爱网入口 | 欧美黄色小说 | 草草影院在线 | 亚洲欧美日本一区 | 午夜在线免费视频 | 放几个免费的毛片出来看 | 久久99亚洲精品 | 久久视频免费在线观看 | 蜜桃91丨九色丨蝌蚪91桃色 | 视频一二三区 | 性色av一区二区三区 | 久久精品天堂 | 激情综合区 | 一级片aa| 爱爱一区二区三区 | 在线网站你懂的 | 日韩a视频| 亚洲 日本 欧美 中文幕 | 粗大黑人巨茎大战欧美成人免费看 | 日韩网站免费观看 | 婷婷社区五月天 | 久久中文娱乐网 | 国产精品嫩草69影院 | 色婷婷av在线 |