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

You’re Here : Home > News

Small, medium-sized cities to drive China's consumption growth: economist

Updated : 2017-06-01
( Xinhua )

BEIJING - Small and medium-sized cities will play a major role in driving China's consumption growth in the coming decade, according to a Morgan Stanley economist.

Robin Xing, the investment bank's chief China economist, predicted on Wednesday that national annual consumption will rise to $9.7 trillion in 2030 from last year's $4.4 trillion on the sidelines of the Morgan Stanley China Summit in Beijing.

"Third- and fourth-tier cities will contribute nearly two thirds of the increase," Xing said.

The proportion outshines the 9 percent from megacities such as Beijing and Shanghai, and the 21 percent for second-tier cities. Consumption in rural areas is expected to reach $400 billion, accounting for 7 percent of the total.

Personal consumption in such cities will grow the fastest at 8.7 percent year on year from now to 2030, according to Xing.

The economist, who has headed Morgan Stanley's research team in China for a year, said the promising prospects are based on the rapid population growth in smaller cities and a closing income gap with large cities.

"In contrast with dawdling first-tier cities, the number of permanent residents in smaller cities will see robust growth thanks to higher birth rates, relaxed household registration control and cheaper living expenses," Xing said.

The combined registered population in smaller cities is predicted to rise 2.5 percent each year throughout the 2017-2030 period, faster than 2 percent and 0.6 percent in second- and first-tier cities, respectively.

Xing also expects people living in smaller cities will have deeper pockets as the rapid urban development will boost incomes. Moreover, tame home prices and an improved environment will allow diminished precautionary savings and more money to be used for consumption, he added.

The rise of small and medium-sized cities is likely to push China's ongoing economic shift from industry to services and from investment to consumption. In the first quarter, consumption contributed 77.2 percent of the GDP increase.

Xing remained bullish on the outlook for the world's second-largest economy, predicting continued growth momentum and ruling out the possibility of a hard landing or a cash crunch in the money market.

He cited more flexible regulation on the yuan's exchange rate, well-managed financial tightening, robust exports, recovering private investment, and a more stable property sector.

However, he believes the GDP growth has peaked after a strong start in 2017, and the slowdown will likely resume in the next quarters.

主站蜘蛛池模板: 亚洲欧美一区二区三区在线 | 日韩福利在线 | av午夜影院 | 亚洲v国产v欧美v久久久久久 | 午夜在线播放 | 中国av免费 | 亚洲久久成人 | 秋霞成人午夜鲁丝一区二区三区 | 中文在线字幕免费观看 | 少妇太爽了在线观看 | 欧美天天爽 | 亚洲黄色影院 | 久久福利影视 | 99精品免费观看 | 谁有毛片网站 | 黄色在线 | 日韩三级视频 | 久久免费视频观看 | 丁香婷婷激情 | 久久综合免费 | 欧美在线一级 | 青青视频免费在线观看 | 久久天堂网| 四虎啪啪 | 亚洲欧美日韩中文字幕在线观看 | 成人午夜在线观看 | 欧美激情免费视频 | 97福利视频 | av福利在线 | 久久综合91| 日本韩国欧美中文字幕 | 色吊丝网站 | www.xxx国产| 夜夜爽天天操 | 日韩字幕在线观看 | 三级黄色片在线观看 | 加勒比成人av | 成人亚洲国产 | 懂色av一区二区三区在线播放 | 日韩精品一二三四区 | 亚洲另类欧美日韩 |