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

US EUROPE AFRICA ASIA 中文
Business / View

Balancing growth and transition

(China Daily) Updated: 2014-07-17 07:07

The country has got as much economic growth as it needs. Its annualized GDP growth was 7.4 percent in the first half of the year, falling short of its yearly target by a negligible 0.1 percentage point, amid ample signs that it can still attain that in the second half. So in all likelihood, China will meet its yearly growth target of 7.5 percent.

This should bolster people's confidence that China can sustain relatively high growth while making the successful transition to higher quality.

The reality, as shown by the latest figures from the National Bureau of Statistics, is contrary to the concerns circulating in the capital market earlier this year that the sustainability of China's growth would inevitably suffer as a result of the flagging export demand, limited domestic buying power, and an almost fathomless level of local government debts.

That was a time when some economists said a tumble in the growth rate was nothing to be afraid of - if not to be welcomed to convey a sense of urgency to companies that they needed to change their way from low quality and low value-added production.

It is easy to either keep piling up unsold products or to simply let unprofitable companies sink. It is much harder and riskier to try to strive for both growth and transition. But there is a bonus in doing so, because by delivering both, Chinese leaders will earn the confidence of the people and global businesses.

Politically, Beijing has the authority to make local governments restructure their debts, and can use decrees both to shut down the unwanted industrial capacity and provide incentives to the industries and projects that generate jobs and quality growth. Economically, the country still has vast discrepancies. Given the right policies, those discrepancies can become opportunities, such as the internal migration of the rural population to the cities. This unprecedented urbanization will result in a much larger consumer base for new services.

The above strategy was at work in the first half of the year, and is likely to work to an even greater extent over the next few years.

Now China has learned, and has proved to have learned well, the ways to iron out business cycles and to maintain growth despite difficulties, one can reasonably expect the second half of the year to feature more actions to facilitate the economy's transition.

Balancing growth and transition Balancing growth and transition
 China's H1 growth up 7.4%, showing economic resilience
Infographics: China's GDP growth since 1978 

 
 

 

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 日韩免费毛片全部不收费 | 成人午夜免费视频毛片 | 亚洲国产精品久久久久 | 成人欧美一区二区三区视频 | 无限资源中文免费 | 国产精品亚洲午夜不卡 | 中文三 级 黄 色 片 | 国产亚洲精品国产第一 | 久久久久久久国产 | 免费观看女人一摸全是水 | 日韩欧美国产精品 | 午夜67194| 国产偷国产偷亚洲高清在线 | 中国农村一级毛片 | 成人看片免费 | 国产无限制自拍 | 中国成人免费视频 | 免费视频一区二区三区四区 | 国产精品久久久香蕉 | 亚洲自偷 | 免费观看三级毛片 | 成人伊人青草久久综合网 | 精品毛片免费看 | 久草在线色站 | 色天使色婷婷在线影院亚洲 | 久久久久国产午夜 | 成人18免费 | 免费看香港一级毛片 | 欧美怡红院在线观看 | 欧美成人欧美激情欧美风情 | 91久国产在线观看 | 国产区精品在线 | 97视频久久 | 国产高清第一页 | 综合色久 | 成人午夜兔费观看网站 | 精品一精品国产一级毛片 | 日本亚欧乱色视频在线网站 | 亚洲图片在线视频 | 一级黄色录相片 | 国产一级片毛片 |