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

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

China highlights stability in 2017 economic work

Xinhua | Updated: 2016-12-16 17:21

BEIJING - China on Friday made stability as the basic tone for next year's economic planning, pledging to push for "substantial progress" in supply-side structural reform in 2017, as a key annual conference concluded.

A statement issued after the Central Economic Work Conference, during which Chinese leaders and senior officials gathered to map out priorities for 2017, said "seeking progress while maintaining stability" will be the main theme.

President Xi Jinping and Premier Li Keqiang addressed the conference.

This year's meeting is particularly important as 2017 will see the 19th Communist Party of China (CPC) National Congress, when a new central committee will be elected.

At macro level, China will stick to proactive fiscal and prudent monetary policies in 2017, the statement said, describing monetary policy as "prudent and neutral" and promising better adjustments to ensure stable liquidity.

Monetary policymaking should adapt to changes in the use of money supply tools, and further efforts are needed for smoother transmission of policy, the statement said.

China will keep the yuan basically stable, while improving the flexibility of exchange rates.

"The stance shows the government is trying to find a subtle balance between stabilizing growth and controlling asset bubbles," noted Hong Hao, chief China strategist at BOCOM International.

The statement did not give a specific growth target for 2017, which is usually made public in March when China's top legislature convenes. Analysts largely expect the goal to be lowered to allow more leeway for pushing reforms.

Zhou Hao, Senior EM Economist Asia with Commerzbank, expects the target to be at 6.5 percent for 2017.

Despite a troublesome start, the Chinese economy is ending 2016 on a firm footing, with encouraging signs of growth being on track to meet the this year's target.

In the first three quarters, the economy expanded 6.7 percent, steady with the first half of the year and within the government's target range of between 6.5 and 7 percent.

However, Friday's statement warned of problems in the economy, including persistent industrial overcapacity and accumulating financial risks.

The key to resolving structural imbalance lies in pushing supply-side reform, the meeting agreed, specifying five major tasks: cutting industrial capacity, destocking, de-leveraging, lowering corporate costs and improving weak links.

Fiscal policy should be more proactive and effective and budgets better planned to accommodate supply-side structural reform, cutting business taxes and ensuring incomes.

On the risk side, curbing asset bubbles will assume more importance in 2017 as the property market has raised fears of risks to financial stability.

To combat downward pressure, China adopted a multi-pronged growth policy last year, including cuts in interest rates and lower deposit requirements.

The stimulus has fueled growth in real estate and investment, two sectors that have proved critical growth drivers, but not without unwanted outcomes. For example, house prices in major cities have soared in an unreasonable manner and required tightening measures.

A market-oriented, long-term mechanism will curb real estate bubbles and prevent volatility. In cities where prices are rising fast, authorities should increase land supply and the share of residential housing.

Other policy includes advancing structural reform in agriculture, reviving the real economy and overhauls of state firms.

China will take substantial steps toward mixed-ownership in the sectors of electricity, oil, natural gas, railway, civil aviation, telecommunications and military industries.

Meanwhile, China aims to attract more foreign investment, hoping foreign-funded businesses can play an important role in developing the real economy.

To ensure the economy runs within a reasonable range, the meeting stressed more coordinated policy-making.

Most Viewed in 24 Hours
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: 中文字幕一区二区三区精彩视频 | 波多野结衣免费观看视频 | 草草国产成人免费视频 | 香蕉国产人午夜视频在线观看 | 女人张开腿等男人桶免费视频 | 国产v在线播放 | 最新版天堂资源中文官网 | 国产亚洲高清不卡在线观看 | 国产伦精品一区二区三区网站 | 日韩视频在线观看一区二区 | 免费在线观看一级毛片 | 日韩性黄色一级 | 天天综合天天看夜夜添狠狠玩 | 在线一区二区观看 | 欧美午夜伦y4480私人影院 | 国产在线精品一区二区高清不卡 | 日韩在线欧美 | 特级a做爰全过程片 | 久久免费视频1 | 免费黄色网址在线播放 | 美女张开腿让人桶 | 狼人久久尹人香蕉尹人 | 韩国毛片免费播放 | 国产精品久久久亚洲 | 国产美女精品视频 | 日韩亚洲欧美理论片 | 欧美一级毛片久久精品 | 成年美女黄网站小视频 | 久草草视频在线观看免费高清 | 国产免费播放一区二区 | 在线免费亚洲 | 久久亚洲高清观看 | 在线播放成人毛片免费视 | 亚洲成在人 | 久久久国产一区二区三区 | 国产精品网站 夜色 | 美女一级毛片免费不卡视频 | 国产成人精选免费视频 | 九九视频在线播放 | 欧美最刺激好看的一级毛片 | 在线看免费观看韩国特黄一级 |