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
Business
Home / Business / Policies

Big, bright spot in global economic landscape

By ZHOU LANXU | China Daily | Updated: 2022-08-22 07:53
Share
Share - WeChat
Consumers choose products at a shopping mall in Yantai, Shandong province, on July 9. Local governments across China have expedited measures to boost consumption. [TANG KE/FOR CHINA DAILY]

David Wang, chief China economist at Credit Suisse, said he expects China to continue making progress toward green transition and technological innovation in the coming years, elevating the country's efficiency of leveraging productive factors to generate economic growth.

Investment in green infrastructure may continue to accelerate, Wang said, especially in the realms of sustainable electricity sources such as water, wind and solar.

Meanwhile, with the government stressing self-reliance in science and technology and improvements in resource allocation, the country is expected to see a modest acceleration in technological progress over the next five years.

China's growth in total factor productivity, or TFP, per year may stand at around 2.2 percent over the next five years, helping offset the decelerating forces, including shrinking working-age labor, he said.

The TFP is a measure of productive efficiency-it measures how much output can be produced from a certain amount of aggregate inputs, reflecting the driving force of technological progress in economic growth.

Nevertheless, some experts still called for additional stimulus measures to iron out short-term downward pressures as China's economic recovery showed signs of softening in July and the impact of policy support could abate late this year.

The country's fixed-asset investment growth of 5.7 percent in the first seven months marks a slowdown from 6.1 percent a month earlier, accompanied by a weakening in the expansion of retail sales from 3.1 percent year-on-year in June to 2.7 percent in July.

To sustain brisk infrastructure investment and therefore stable economic growth in the fourth quarter, it is necessary for China to launch additional fiscal stimulus to supplement the funding capacity of local governments, Zhu from JPMorgan said.

This is because the proceeds from local government special bonds issued this year-a key funding source of infrastructure investment-are expected to be used up around August, meaning that governmental funding support for infrastructure projects could falter in the fourth quarter. During the January-July period, local governments issued 3.47 trillion yuan ($510.89 billion) in new special bonds, official data showed.

Zhuang Qiange and Ouyang Shijia contributed to this story.

|<< Previous 1 2 3   
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
CLOSE
 
主站蜘蛛池模板: 日本三级香港三级人妇99视 | 国产在线步兵一区二区三区 | xh98hx国产在线视频 | a网站免费| 欧美一级视屏 | 亚洲永久 | 国内精品久久久久久中文字幕 | 欧美日韩 在线播放 | 欧美日韩亚洲国产精品 | 国产成人精品午夜 | 久久成人精品视频 | 免费日韩一级片 | 91网站在线免费观看 | 精品国产91久久久久久久 | 久久亚洲国产成人影院 | 一级特级aaaa毛片免费观看 | 欧美一级毛片高清毛片 | 毛片在线观看视频 | 欧美亚洲日本国产 | 日本高清精品 | 精品久久久久久久久中文字幕 | 免费福利在线看黄网站 | 富二代精品视频 | 香蕉国产人午夜视频在线观看 | 波多野结衣手机视频一区 | aaa一级毛片免费 | 国产一区二区三区在线观看影院 | 黄色美女视频网站 | 亚洲精品国产一区二区图片欧美 | 亚洲国产成人久久一区久久 | 精品一久久香蕉国产二月 | www.色黄| 日韩一区二区不卡 | 亚洲国产天堂久久综合图区 | 成人亚洲精品一区 | 国产精品黄页网站在线播放免费 | 久久99精品国产免费观看 | 久久久精品免费热线观看 | 色精品视频 | 国产精品久久亚洲一区二区 | 第四色成人网 |