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 / Latest news

Supply-side structural reform to bring vitality to Asia

(Xinhua) Updated: 2016-03-23 13:47

Supply-side structural reform to bring vitality to Asia

A labourer cuts steel bars at a railway bridge construction site in Lianyungang, Jiangsu province, September 12, 2015.[Photo/Agencies]

BOAO - Attendees of the Boao Forum for Asia (BFA) agreed that supply-side structural reform will help China overcome its economic difficulties and propel regional growth.

Under the theme "Asia's New Future: New Dynamics and New Vision," this year's four-day forum in south China's Hainan province offers an opportunity to better understand China's pursuit of supply-side reform, which has been high on agenda for government work.

"Including it as a priority in the 13th Five-Year Plan for the 2016-2020 period shows the central government's determination to adjust to a situation where the demand side is no longer a solution for a fast growth rate," said Zhang Shuyu, a researcher with the University of International Business and Economics.

China's three decades of rapid growth were fueled by capital investment and exports -- the demand side. Supply-side reform, on the other hand, aims to increase the supply of high-end products and services by stimulating business through tax cuts, entrepreneurship and innovation.

"Supply-side reform is the realistic choice for China, following a thorough assessment of the current global and domestic situation," said Chen Changsheng, an official with the Development Research Center of the State Council.

Edmund Phelps, the Nobel Prize laureate of economics in 2006, who is attending the BFA, said only endogenous innovation from enterprises facilitated by the supply-side reform will support China's long-term, sustainable and healthy development.

Increased investment by enterprises into innovations is possible because taxes have been slashed. By May, VAT reform will be implemented in all industries. This is estimated to help enterprises save more than 500 billion yuan ($76.9 billion) this year.

International companies are adapting well to the latest change in China's development philosophy too.

"Structural reform on the supply front requires a change of mindset -- we must now focus on the actual demands from customers. Instead of blind expansion, we believe innovative products based on research and future-oriented investment will ensure future success." E. Allan Gabor, president of the Asia Pacific region for Merck Biopharma, told Xinhua at Boao.

China is one of the biggest markets for most of Merck's products. The rising middle class offer more opportunities for Merck, Gabor said.

He further noted that China, as the largest market for goods such as automobiles, cosmetics, food and large-screen display, provides numerous business opportunities for global investors.

With more emphasis on the supply side, there is an incentive to provide better products and services, including state-of-the-art manufacturing, medical care and customized services.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产精品久久久久久久久免费hd | 亚洲天堂视频一区 | 久青草国产97香蕉在线视频xx | 中文字幕免费视频 | 久久久这里只有精品加勒比 | 国产只有精品 | 亚洲字幕 | 91porny九色国产首页在线 | 中国国产一级毛片 | 亚洲欧洲一区 | 日韩久久中文字幕 | 日韩精品一区二区三区毛片 | 国产三级精品91三级在专区 | 91色综合综合热五月激情 | 曰本美女高清在线观看免费 | 最全精品自拍视频在线 | 国产成人美女福利在线观看 | 日韩在线视频观看 | 国产成人毛片视频不卡在线 | 乱子伦农村xxxx | 一级片网址 | 欧美日韩视频精品一区二区 | 欧美日韩一区二区三区高清不卡 | 国产自愉自愉全免费高清 | 亚洲国产激情一区二区三区 | 久久久久久国产精品三级 | 欧美亚洲综合视频 | 欧美视频网站在线观看 | 国产97视频| 高清不卡毛片免费观看 | 日韩美一区二区 | 在线播放国产真实女同事 | 国产日韩欧美在线观看播放 | 免费视频男女 | 欧美成人午夜不卡在线视频 | 欧美在线高清视频播放免费 | 成人看片黄a免费看视频 | 99成人精品| 亚洲香蕉久久一区二区三区四区 | 久久免费视频播放 | 99视频在线免费观看 |