www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Economic growth set to fall

Updated: 2011-12-27 09:08

By Lan Lan (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0
A member of an influential think tank predicts a slowdown for China in 2012

BEIJING - China's economic growth is expected to fall to about 8.5 percent in 2012, but only if the ongoing eurozone debt crisis doesn't evolve into a new global economic meltdown, a senior economist of the State Council's policy research think tank said on Monday.

In an exclusive interview with China Daily, Yu Bin, director-general of the department of macroeconomic research at the Development Research Center of the State Council, said that economic growth is likely to dip below 9 percent in the fourth quarter, but full-year growth may be slightly higher.

Economic growth set to fall

"Eastern coastal cities saw obviously slower economic growth in 2011. Meanwhile, the potential for additional investment in infrastructure continues to shrink, signaling that the potential for economic growth has started to decline," said Yu.

China has entered the final stages of high-speed economic growth after three decades of rapid expansion, said Yu, adding that the economy is under pressure, caused by short-term sluggish demand overlapping with a slower potential growth rate in the medium and long terms.

Emerging economies, often seen as the engine of the global economy, are incapable of "unhooking" their connection with the dismal economic situation facing developed economies, influenced by market fluctuations and deteriorating environments for exports and asset fluidity.

China's export growth is forecast to decline to about 10 percent in 2012, from about 20 percent this year, Yu said. The nation's exports to the European Union, its biggest market, have seen a rapid slowdown since September.

Economic growth set to fall

Fixed-asset investment growth may fall by about 4 percentage points to 20 percent in 2012, said Yu. The relatively high growth rate seen this year has been largely driven by the high-speed growth of the manufacturing and real estate industries, which account for about 60 percent of fixed-asset investment.

A decrease in exports of around 10 percent will drag down investment in the manufacturing sector by 3 to 4 percent.

However, bold stimulus measures similar to the 4 trillion yuan ($632 billion) stimulus package announced by the government in 2008 in response to the global financial crisis will not be repeated, said Yu. If the rate of growth declines, loosening policies would be unlikely to promote acceleration. On the contrary, they could generate bubbles and create new risks, judging by the experiences of Japan and South Korea.

The nation's short-term macroeconomic policies have been unable to promote relatively rapid economic growth in the medium to long terms. China's economic fundamentals, such as the structure of demand, population and the labor supply have changed.

The country must promote growth through innovation and push on with substantial reforms in the economic structure, said Yu.

He also warned of the risks from a slowing economy, including the local government debt crisis, bad bank assets and overcapacity.

China's consumer price index is expected to fall below 4 percent in 2012, said Yu. Meanwhile, inflation will drop below the 4 percent level seen this month. That will see inflation running at an annual pace of about 5.3 percent in 2011, higher the government's target of 4 percent.

The think tank's economic forecast for 2012 is more optimistic than those of most investment institutions, some of which have predicted that China's economic growth might fall below 8 percent next year.

"If the actions to control the ongoing eurozone debt crisis fail, a possible new (global) debt crisis would deal a huge negative blow to the Chinese economy," said Zhang Jianping, senior researcher at the Institute for International Economic Research under the National Development and Reform Commission

Miao Wei, the minister of Industry and Information Technology, said on Monday that industrial output is expected to grow 11 percent in 2012, easing from an estimated 13.9 percent this year.

Chen Jia and Ji Ran contributed to this story.

Economic growth set to fall

Related Stories

Growth efficiency remains low 2011-12-12 07:58
Digging deeper for growth 2011-11-11 09:05
Money well spent on growth 2011-10-22 08:06
Strong income growth 2011-10-19 07:55
Growth not benefitting all 2011-10-19 07:55
主站蜘蛛池模板: 中文字幕一区视频一线 | 成人a一级毛片免费看 | 高清国产露脸捆绑01经典 | 欧洲成人r片在线观看 | 精品亚洲大全 | 色偷偷888欧美精品久久久 | 男人女人做黄刺激性视频免费 | 亚洲精品99久久久久久 | 国产精彩视频在线 | 国产原创在线视频 | 毛片网站大全 | 国产高清在线观看 | 久久精品系列 | 中文乱码一二三四有限公司 | 亚洲欧美极品 | 中文字幕日韩一区二区 | 禁止18周岁进入免费网站观看 | 日本苍井一级毛片 | 亚洲欧美国产中文 | 精品国产欧美精品v | 黄色三区 | 国产精品中文 | 亚洲精品久久久久综合中文字幕 | 成人精品视频在线观看播放 | 91精品自在拍精选久久 | 国产免费观看a大片的网站 国产免费黄色网址 | 久久国产精品99久久久久久牛牛 | 欧美操人 | 国产精品日韩欧美在线 | 特级毛片免费观看视频 | a级毛片免费观看网站 | 久久香蕉国产线看观看亚洲片 | 一级欧美激情毛片 | 免费看91毛片 | 91在线精品亚洲一区二区 | 特级a欧美孕妇做爰片毛片 特级a欧美做爰片毛片 | 波多野结衣中文在线 | 一区二区三区在线观看免费 | 黑人边吃奶边扎下面激情视频 | 日本成人免费观看 | 黄色日韩网站 |