久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Opinion
Home / Opinion / Editorials

Third quarter GDP growth shows China successfully navigating the headwinds: China Daily editorial

chinadaily.com.cn | Updated: 2021-10-18 19:06
Share
Share - WeChat
Skyscrapers border a lush green landscape in Shenzhen's central business district. [Photo provided to chinadaily.com.cn]

In a hard-won result, China's gross domestic product grew 4.9 percent year-on-year in the third quarter, 0.2 percent higher than the previous quarter, the National Bureau of Statistics said on Monday.

As expected, since the Chinese economy rebounded sharply from the impacts of the COVID-19 pandemic in the third quarter of last year setting a higher base, this was a dip in the year-on-year quarterly growth rate from the 18.3 percent in the first quarter and the 7.9 percent in the second. And it was in line with forecasts that had been lowered in light of the economic pressure that China is now facing, such as from the dramatic rise in the prices of raw materials and energy, and supply chain disruptions.

No wonder the Purchasing Managers Index fell below the 50-percent threshold to 49.6 percent in September, 0.5 percentage points lower than the previous month, the first time since the outbreak of the novel coronavirus.

Also, while the decoupling efforts of the United States and the attritional tariffs it has imposed on Chinese imports have become a new normal, they are still taking their toll, and floods and other natural disasters caused by extreme weather events in the summer have also dragged down the GDP growth.

Yet most of the major macroeconomic indexes remain within a reasonable range, and all the fundamentals of the national economy — ranging from people's disposable income and employment to the country's international payment balance — are still stable thanks to the series of policies the central authorities have carried out to cushion the external influences and stabilize domestic growth.

That the PMI of high-tech manufacturing hit 54 percent last month, 0.3 percentage points higher than that of August, indicates the industrial upgrading is still underway and the backbone drivers of the economy are emerging stronger from the aforementioned tests.

With investment steadily increasing, production expanding, price hikes and debt risks being effectively checked, the uptick of the service industry and consumption — the total retail sales of consumer goods grew 4.4 percent in September year-on-year, 1.9 percentage points higher than that of the previous month — demonstrates the economy is developing on the right track.

In the face of the continuing uncertainties at home and abroad, it is predicable that China's macro policies will become more targeted, more preemptive and more flexible to adapt to the changes so as to keep the economy operating within a reasonable range, and ensure its recovery is sustainable and balanced.

The high-quality development paradigm China seeks to implement cannot be realized without policymakers constantly demonstrating their ability to respond to challenges so as to overcome the difficulties, manage the risks and address the uncertainties.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 亚洲欧洲国产视频 | 一级特色大黄美女播放网站 | 成人软件18免费网站 | 国产精品久久自在自线观看 | 亚洲精品美女国产一区 | 国内主播福利视频在线观看 | 日韩成人在线播放 | 亚洲一区二区欧美 | 免费一级毛片正在播放 | 三级特黄视频 | 日本一级大黄毛片免费基地 | 久久亚洲国产伦理 | 亚洲欧美日韩国产制服另类 | 超清首页 国产 亚洲 丝袜 | 有码 在线 | 亚洲 欧美 成人 | 精品韩国主播福利视频在线观看一 | 国产91网址 | 国产99久9在线视频 国产99久久 | 久久精品国产在爱久久 | 欧美一级毛片美99毛片 | 99国内精品久久久久久久 | 足恋玩丝袜脚视频免费网站 | 精品三级在线观看 | 那里有黄色网址 | 成人午夜 | 国内高清自拍 | 国产黄色片在线观看 | 亚洲午夜久久久久影院 | 天天看夜夜操 | 在线观看国产一区二三区 | 欧美一级毛片高清免费观看 | 国产亚洲高清在线精品不卡 | 殴美毛片 | 欧美一级毛片日韩一级 | 手机看片日韩日韩 | 日本特黄特色免费大片 | 国产精品久久久久久久久久日本 | 日本久久久久久久久久 | 国产一区二区三区四区波多野结衣 | 欧美一区二区三区免费看 |