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 / Economy

China's economy heading in the right direction

By ANDREW MOODY (China Daily) Updated: 2014-07-28 20:37

China's economy heading in the right direction

FENG XIUXIA/CHINA DAILY

It did, however, announce in April a minor stimulus aimed at more social housing construction and accelerating railway development.

George Magnus, senior independent economic adviser for UBS in London, says the recent data clearly shows a trend.

"I think there is little question that rebalancing is happening. It was always going to happen in my view. The only questions were how and how quickly," he says.

The economist, who was author of Uprising: Will Emerging Markets Shape or Shake the World Economy, which warned of the risks of an investment bust in China if rebalancing did not take place, points out that one of the indicators of rebalancing is a decline in property investment.

China's economy heading in the right direction

Premier Li vows to lower hurdles for businesses

China's economy heading in the right direction
Infographics: China's GDP growth since 1978 
Real estate investment was 4.2 trillion yuan ($677 billion) in the first six months, a 14.1 percent increase over the same period last year but down from increases of more than 19 percent that predominated throughout 2013.

"We can see the start of a protracted downswing in property and construction investment. This is of huge consequence as this sector has been the leading edge of China's expansion for over 10 years," he says.

Duncan Innes-Ker, regional editor for Asia at the Economist Intelligence Unit in London, says one explanation for the strong first half data suggesting rebalancing is the increased role consumption tends to play in the early part of the year.

"The first thing to remember is that consumption tends to be much stronger in the first quarter of the year in China, owing to the timing of the Chinese New Year, which means that you quite often see its contribution to GDP growth starting off strong and then easing through the rest of the year."

Innes-Ker, who was previously a senior China economist of the EIU in Beijing, senses, however, that this time there may be a more fundamental change taking place.

"There are good reasons to expect that consumption will play a more important role this year. The weakening of property investment is unlikely to be reversed anytime soon, and will play a big role in dampening investment's contribution to growth.

"The underlying outlook for consumer demand also remains very positive, with incomes rising at double-digit rates and fields such as e-commerce expanding at a phenomenal pace."

Mark Williams, chief Asia economist at Capital Economics, also in London, says interpreting the China rebalancing story often depends on whether you are an optimist or pessimist.

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: beeg欧美 | 国产一区二区三区久久久 | 真实国产乱子伦对白在线 | 欧美亚洲精品天堂 | 中文av在线播放 | 欧美色图一区 | 亚洲二区av | 麻豆免费看| 香蕉视频91 | 国产欧美亚洲一区 | 国产一区二区三区免费视频 | 在线观看国产黄色 | 国产欧美高清 | 精品一级 | 日韩精品视频观看 | 亚洲午夜精品久久久久久高潮 | 91麻豆产精品久久久久久 | 欧美二三区 | 免费一级a毛片夜夜看 | 欧美国产一级 | 亚洲五月婷婷 | 奇米狠狠操 | 中国国产黄色片 | 97久久久 | 国产视频分类 | 麻豆国产精品 | a级毛毛片 | 黄色精品网站 | 日批视频在线播放 | 男人的天堂视频在线观看 | 色婷婷激情网 | 国产精品一卡二卡 | 亚洲国产精品激情在线观看 | 在线视频观看一区 | 日本久久精品 | 欧美日韩一区在线 | 自拍偷拍在线视频 | 黄片毛片在线观看 | 国产女18毛片多18精品 | 一区二区三区高清不卡 | www.国产在线观看 |