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

US EUROPE AFRICA ASIA 中文
Business / Opinion

Looking at the bigger picture

By Zhou Junsheng (China Daily) Updated: 2014-04-17 07:13

Despite pressure from economic downturn, the government will show greater tolerance unless it threatens to cross the bottom line

In a keynote speech delivered at the opening ceremony of the Forum for Asia Annual Conference 2014 on April 10, Premier Li Keqiang said China will not adopt short-term stimulus policies to address what are temporary economic fluctuations; instead it will focus on the sustainable and healthy development of the economy in the middle and long run.

Looking at the bigger picture
Government won't resort to short-term stimulus
Looking at the bigger picture
China is in a critical period of economic structural adjustments. Its previous economic growth model driven by the expansion of investment has run out of steam and its economic engine has shifted to domestic demand. However, due to the lack of innovative domestic products domestic demand has failed to play its expected role as an engine of growth. The direct result of this was China's economic growth stayed at a comparatively low level in 2013. The full-year 7.7 percent growth in gross domestic product was the lowest in 14 years, while the GDP growth in the first quarter of this year was below 7.5 percent. It was in the face of these adverse economic circumstances that the State Council meeting held on April 2 once again urged the adoption of feasible measures to stabilize the country's economic growth.

Under such a central government policy tone, the local governments of Guangdong, Hainan, Jiangxi and Guizhou provinces and Tianjin municipality published their lists of key projects for the year, which represent a total investment of 7.13 trillion yuan ($1.14 trillion). Such colossal investment plans, coupled with some major infrastructure construction projects due to be unveiled by major enterprises, have caused concerns about a new round of stimulus packages, such as the ones the country launched in the wake of the 2008 global financial crisis, and fuelled market expectations for stimulus policies from the central government, such as the support of fiscal funds, investment expansion, a preferential taxation policy, as well as lowering banks' deposit reserve ratio and interest rates.

Over the past decade, the country has frequently turned to temporary stimulation measures to spur the economy, which has successfully guaranteed an economic growth above the expected level. The 4-trillion-yuan investment program launched by the central government at the height of the global financial crisis in 2008 effectively helped curb the spread of the contagious crisis to China and prevented its economy from suffering a severe recession. However, such an investment spree also produced obvious negative side effects, such as further increasing China's dependence on administrative regulations for economic growth and crippling to some extent the normal function of the market. At the same time, the sprawling investment campaign under an expansionist monetary policy caused excessive exploitation of resources and the environment and triggered serious inflation.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 天天天干 | 性色av一区二区 | 国产精品果冻传媒 | 日韩精品一区二区三区丰满 | 欧美性生交 | 精品一区国产 | 四虎永久免费观看 | 久久伊人婷婷 | 国产精品污www一区二区三区 | 深爱开心激情 | 九色在线观看视频 | 午夜在线一区 | 日韩网站在线观看 | 荷兰av| 欧美午夜一区 | 国产婷婷精品 | 国产一区在线观看视频 | 一区二区三区视频免费在线观看 | 免费精品视频 | 亚洲视频在线观看 | 成人香蕉视频在线观看 | 欧美视频在线一区 | 寂寞午夜影院 | 一区二区www | 日日噜噜噜夜夜爽爽狠狠 | 免费福利在线 | 亚洲午夜久久久久久久久红桃 | 69久久精品 | 亚洲专区av | 久久免费视频网站 | 日韩欧美三级视频 | a天堂在线观看 | 国产精品二区视频 | 中文字幕在线播放视频 | 亚洲情侣av | 成人免费精品视频 | 青青激情视频 | 日韩一区二区中文字幕 | 色综合中文网 | 黄色xxxxx| 国产首页|