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

Make me your Homepage
left corner left corner
China Daily Website

China treads cautiously to rebalance economy

Updated: 2013-08-01 19:32
( Xinhua)

BEIJING - Despite all the heightened attention and occasional panic over China's economic health, authorities in the world's second-largest economy have so far remained confident of its ongoing rebalancing act.

On Tuesday, the Political Bureau of the Communist Party of China (CPC) Central Committee pledged at a meeting to keep the economy growing steadily in the second half of this year, while promising to fine-tune policies when necessary.

"The macro policy should be stable, the micro policy should be flexible and the social policy should support the bottom line. All of them should be coordinated," read the statement released after the meeting.

The comments were seen as a reaffirmation that a stable environment is necessary for pushing ahead with reforms for long-term sustainable growth.

"A stable policy environment would not only allow time for the market to adjust itself, but also help create a favorable condition for reforms and avoid drastic fluctuations in market expectations," said Kuang Xianming, director of economic research with the China Institute for Reform and Development.

Drastic policy changes are unlikely unless there are unforeseeable external or internal shocks, he added.

China's economy expanded 7.6 percent in the first half of the year, slightly above the annual 7.5-percent target set for 2013, and prospects for the second half remain complicated given the sluggish external market, weak domestic strength, persisting overcapacity and growing financial risks.

Chinese leaders have so far demonstrated greater tolerance for slower growth in their efforts to switch the country's growth model from its dependence on credit expansion and manufacturing toward one driven by consumption, innovation and services.

Instead of initiating a massive stimulus program again to lift the economy, the authorities are moving cautiously to steady growth while driving through reforms in which President Xi Jinping has called for "greater political courage and wisdom."

Since taking office in March, the new government has been proceeding with reforms in a wide range of areas, including delegating administrative power to lower levels and easing controls in the financial sector.

In July, China's central bank lifted controls on bank lending rates, in a clear signal of the government's determination to push forward market-oriented reforms.

Later, the government took several small steps, such as cutting taxes for small and micro businesses and eliminating outdated capacities to stimulate while restructure the economy.

"If growth slips under 7.5 percent, the government may lend more policy support focusing on balancing growth, reform and restructuring," predicted Lian Ping, chief economist at the Bank of Communications.

In Tuesday's meeting, the central authorities said China will "keep reasonable investment growth" and promote "steady and healthy development in the property market," which boosted property stocks the following day.

Lian said the CPC leaders' comments showed that, even though China wants to wean off over-reliance on investment, it cannot cut investments too fast as a freefall in the sector will threaten growth.

China's fixed-asset investment, a measure of government and private spending on infrastructure, grew 20.1 percent during the first half of 2013, down 0.3 percentage points from the same period last year.

Considering the government's intention to maintain stable investment growth and possible policies to bolster consumption, Lian forecast growth for the whole year will be basically stable though downward pressures remain in the second half.

"Growth may slow to below 7.5 percent in the third and fourth quarter, but full-year expansion is likely to be at around 7.5 percent," he said.

Believing China is still well-positioned to carry out further reforms in the second half of the year, Kuang Xianming said the upcoming plans due to be released at a plenary meeting of the CPC Central Committee will lay an important foundation for development in the next five to 10 years.

 
...
...
...
主站蜘蛛池模板: 免费网站www在线观看 | 你懂的在线观看 | 国产成人免费在线观看视频 | 天天综合色网 | 欧美少妇bbw| 成人免费看片98欧美 | 久久黄色网| 91麻豆网站 | 中文精品一区 | 国产在线一区视频 | 黄网在线观看视频 | 色网站免费观看 | 国产一级做a爰片在线看免费 | 麻豆av免费看 | 黄页网站在线 | 中文字幕在线国产 | 亚洲视频在线观看视频 | 国产美女福利 | 久久精品成人一区二区三区蜜臀 | 999久久| 欧美特级视频 | xxxxx日本| 成人激情在线视频 | 欧美成人三级在线观看 | 久久99久久99精品免视看婷婷 | 日本黄色精品 | 日本精品视频一区二区 | 国产日韩欧美激情 | www爱爱 | 国产成人一区二区在线观看 | 一级黄色片视频 | 亚洲国产成人精品女人久久久 | 精品动漫一区二区 | 97se亚洲国产综合在线 | www.av色| 欧美日韩综合网 | 天天干天天摸天天操 | 这里只有精品9 | 波多野结衣久久 | 国产在线视频网 | 2018天天操 |