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

Chinese economy adjusting to 'new normal'

(Xinhua) Updated: 2015-08-13 15:52

BEIJING - Jinjiang used to be a manufacturing boomtown, a place making shoes and garments for American and European supermarket shelves.

But these days, the city on China's southeast coast, like many of its manufacturing bases, is losing its edge because of rising wages and lack of product innovation.

"I'm considering moving to Bangladesh," said Lin Genghuang, a Jinjiang native who owns a shoe factory. "Business is barely holding up here."

Lin said the company's export volume is still climbing, but rising wages, the appreciation of the yuan and intense price competition are squeezing the already paper-thin profit margin.

After China's World Trade Organization accession in 2001, cheap labor has fueled its export boom and powered the economy to become the world's second largest. But China's manufacturing sector is running into problems these days: squeezed from one end by markets with even lower labor costs, such as Vietnam and Malaysia, and yet struggling to move to a higher value chain because of intensified competition from developed nations.

Some 3,000 km away from Jinjiang, in the northeastern city of Harbin, a deepening economic malaise is forcing companies to reinvent themselves to survive.

Harbin Boiler Company Ltd, a state-owned thermal power equipment manufacturer, is experiencing double blows -- the slowing economy and a national campaign to curb pollution and cut emissions.

With orders falling and profits shrinking, the company has no choice but to change, its president, Wang Dexing, said.

To improve competitiveness, the company is striving to develop new products, expand markets in emerging economies and tap into new businesses such as sea water desalination, nuclear power equipment and environmental protection.

This is a part of China's broader economic reality: Anemic economic momentum is driving the government to seek new sources of growth while forcing domestic and multinational companies to look for a Plan B.

Weighed by a property market downturn, cooling investment growth and unsteady demand both at home and abroad, China's economy has stumbled during the past two years and is widely expected to post its weakest growth in a quarter of a century this year.

Although growth is slowing, it is more balanced and sustainable -- a "new normal," as it is called by Chinese President Xi Jinping.

Under the "new normal," the importance of growth speed is eclipsed by immensely complex structural reforms going on to transform the economy to one that relies more on the services sector, domestic spending and innovation.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产白丝av | 香蕉色综合 | 免费成人在线视频观看 | 毛片手机在线观看 | 日韩中文字幕亚洲 | 亚洲最大av网 | 久久艹免费视频 | 亚洲精品视频一区二区三区 | www.精品 | 在线观看日韩欧美 | 国产精品久久影视 | 亚洲视频在线看 | 亚洲免费三区 | 激情网色| 黄91在线观看 | 91热视频 | 欧美视频黄 | 国产二区在线播放 | 中文字幕在线看片 | 中文字幕色站 | 日韩在线免费观看视频 | 国产综合91| 国产一级二级毛片 | 亚洲免费在线播放 | 欧美成人激情在线 | 黄色福利在线观看 | 午夜精品网站 | 成人黄性视频 | 欧美区在线观看 | 人人干人人干 | 色老汉av一区二区三区 | 亚洲国产日韩一区 | 青青草超碰在线 | 日本免费网站视频 | 欧美一级在线免费观看 | 日日射天天干 | 国产一区二区播放 | 黄色成人在线播放 | 单身男女免费观看国语高清 | 免费日本黄色网址 | 欧美一区在线视频 |