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

Economic performance in early 2017 beyond expectation

China Daily | Updated: 2017-10-18 08:13

Editor's Note: The Communist Party of China will hold its 19th National Congress from Wednesday. In the runup to the meeting, China Daily asked two prominent experts for their views on developments in China and the country's global leadership.

Margit Molnar, head of the China Desk of the economics department of the Organization for Economic Cooperation and Development

What's your biggest expectation for the 19th CPC National Congress?

Economic performance in early 2017 beyond expectation

Margit Molnar, head of the China Desk of the economics department of the Organization for Economic Cooperation and Development. [Photo provided to China Daily]

An important issue is how to ensure stable and inclusive growth in the coming years. To unleash additional growth engines, the current momentum of reforms should continue. These broadly include reforms that boost productivity, such as improving the utilization of innovation outputs or reducing the burden on doing business, and reforms that improve inclusiveness, for example, reforms ensuring equal access to a certain quality of public services nationwide.

What economic indicators have increased your confidence about the Chinese economy?

H1 performance was beyond expectations. After such a strong first half, it would be hard to have a weak 2017, given the carry-over effects. In the first half of the year, we saw strong industrial production growth (which was particularly strong in some new and high-tech sectors, such as robotics) as well as the recovery of enterprise profits and, on the demand side, strong growth of infrastructure investment. Also, external sector recovery contributed to the strong growth performance.

What are the big challenges ahead for China's economy?

Most people have ruled out the possibility of a hard landing in China, but it is important to ensure that some sources of vulnerability do not derail the growth process. Corporate leverage is still high, though it has moderated somewhat judging from recent data. Another issue is local debt. Implicit and contingent sub-national government debt has continued to accumulate through increasingly innovative ways and has necessitated a new set of regulations. Without the removal of implicit guarantees, however, it is difficult to stop debt accumulation.

What valuable experiences can China offer other regions and countries to boost their own development?

In a short period China has become the top innovator in the world. It has overtaken the United States in terms of the number of patents filed recently, and it is well ahead of other countries in terms of mobile apps and the shared economy. An important lesson to learn from China is how to channel funds for purposes that are deemed important for long-term growth, such as innovation-oriented research and how to create an environment for certain innovations to thrive. I would also add that utilization or commercialization of innovation is equally important, and that the environment for innovation needs to be properly covered by regulations to ensure a level playing field.

How would you summarize the most impressive achievements of the OECD and Chinese authorities?

Having been able to follow this cooperation for nearly 20 years, I would say agreeing on producing economic surveys with government support across the board was a milestone in our relations. We also produced a report on intergovernmental fiscal relations, which also received support from across the government. Then, we have received a large number of people seconded from various Chinese government agencies, while China has joined a number of our committees.

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: 日韩精品一区二区三区中文在线 | a级毛片高清免费视频 | 国产欧美精品一区二区三区 | 成人男女啪啪免费观看网站 | 手机av在线播放 | 成人软件18免费网站 | 国产一区不卡 | 久久国产精品亚洲 | 一级做a爱久久久久久久 | 国产成人一区二区视频在线观看 | 最近中文字幕精彩视频 | 国产大尺度福利视频在线观看 | 亚洲视频在线网站 | 国产精品成人网 | 欧美日韩在线视频免费完整 | 国产三级毛片视频 | 自拍偷拍亚洲视频 | 97久久精品午夜一区二区 | 91理论片午午伦夜理片久久 | 国产在线播放不卡 | 日韩欧美在线视频观看 | 欧美激情 自拍 | 久久久这里只有精品免费 | 亚洲国产精品aaa一区 | 国产成人在线播放 | 亚洲精品在线播放视频 | 欧美日韩国产亚洲综合不卡 | 国产高清一国产免费软件 | 精品特级一级毛片免费观看 | 国产欧美日韩精品第二区 | 欧美日韩精品高清一区二区 | 久久亚洲精品中文字幕第一区 | 成年性午夜免费视频网站不卡 | 在线视频一区二区 | 国产精品久久免费 | 国产成人精品男人的天堂538 | 欧美成人另类69 | 在线观看二区三区午夜 | 国产在线精品福利一区二区三区 | 亚洲第一免费视频 | 欧美日韩一区二区三区在线观看 |