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 / View

Balancing growth and transition

(China Daily) Updated: 2014-07-17 07:07

The country has got as much economic growth as it needs. Its annualized GDP growth was 7.4 percent in the first half of the year, falling short of its yearly target by a negligible 0.1 percentage point, amid ample signs that it can still attain that in the second half. So in all likelihood, China will meet its yearly growth target of 7.5 percent.

This should bolster people's confidence that China can sustain relatively high growth while making the successful transition to higher quality.

The reality, as shown by the latest figures from the National Bureau of Statistics, is contrary to the concerns circulating in the capital market earlier this year that the sustainability of China's growth would inevitably suffer as a result of the flagging export demand, limited domestic buying power, and an almost fathomless level of local government debts.

That was a time when some economists said a tumble in the growth rate was nothing to be afraid of - if not to be welcomed to convey a sense of urgency to companies that they needed to change their way from low quality and low value-added production.

It is easy to either keep piling up unsold products or to simply let unprofitable companies sink. It is much harder and riskier to try to strive for both growth and transition. But there is a bonus in doing so, because by delivering both, Chinese leaders will earn the confidence of the people and global businesses.

Politically, Beijing has the authority to make local governments restructure their debts, and can use decrees both to shut down the unwanted industrial capacity and provide incentives to the industries and projects that generate jobs and quality growth. Economically, the country still has vast discrepancies. Given the right policies, those discrepancies can become opportunities, such as the internal migration of the rural population to the cities. This unprecedented urbanization will result in a much larger consumer base for new services.

The above strategy was at work in the first half of the year, and is likely to work to an even greater extent over the next few years.

Now China has learned, and has proved to have learned well, the ways to iron out business cycles and to maintain growth despite difficulties, one can reasonably expect the second half of the year to feature more actions to facilitate the economy's transition.

Balancing growth and transition Balancing growth and transition
 China's H1 growth up 7.4%, showing economic resilience
Infographics: China's GDP growth since 1978 

 
 

 

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 久久久久精 | 三级三级久久三级久久18 | 日韩午夜精品 | 深夜国产| 国产在线网 | 免费看成年人视频 | 久热香蕉视频 | 草久在线| 欧美69视频| 91精品国产自产91精品 | 日本少妇一区二区三区 | 国产精品视频 | 国产又大又黄的视频 | 亚洲午夜免费视频 | 国产不卡在线观看视频 | 黄色大片免费的 | 朝桐光一区二区三区 | 超碰黑人 | 天天人人| 在线免费看黄 | 婷婷丁香综合 | 深夜av| 伊人久久一区 | 宅男噜噜噜 | 日本精品视频在线观看 | 欧美一级久久久 | 久久精品在线 | 成人免费精品动漫网站 | 国产一二三在线观看 | 日韩欧美高清在线 | 国产日韩在线免费观看 | 美女国产精品 | 亚洲成人婷婷 | 噼里啪啦国语版在线观看 | 九九热在线视频 | 国产精品久久久久久久久久久久久久久久久 | 亚洲精品欧美精品 | 亚洲大胆人体 | 久久a视频 | 欧美一级做性受免费大片免费 | 欧美在线观看一区二区 |