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

中文USEUROPEAFRICAASIA

Sustainable and quality growth 'to be achieved'

By HU YUANYUAN in Beijing and ZHANG CHUNYAN in London ( China Daily ) Updated: 2013-11-14 00:53:42

China's deepened reform will help stabilize global economy, experts say

China's deepened reform will lead to a more sustainable growth and help stabilize the global economy, experts said.

A comprehensive reform package was rolled out at the four-day Third Plenum of the Communist Party of China's 18th Central Committee, which ended in Beijing on Tuesday.

The Party pledged to let markets play a decisive role in allocating resources as it unveiled a reform agenda for the next decade.

A specialized high-level group is to be commissioned to design and coordinate China's "great revolution" of reform and opening-up.

The reform package shows the government's decision to advance ongoing market-based reform to achieve quality growth, said Wang Haifeng, a researcher at the Institute for International Economic Research of the National Development and Reform Commission.

"Slower but steady growth in China means more for the global economy, compared with highly fluctuating growth," Wang said.

Analysts at Standard & Poor's said the implementation of reforms that support the decisive role of market forces in resource allocation could support China's long-term sovereign credit ratings.

"An increasingly market-driven economy plus a government with better governance could help the country sustain per-capita real GDP growth at above-average rates," S&P credit analyst Kim Eng Tan said.

"At the same time, it would reduce the country's reliance on credit-driven investment spending as a source of economic growth, which could also assimilate the financial risks that have built up over recent years."

The more decisive market role will involve areas such as interest rate liberalization, moves to remove administrative barriers to private capital, and other forms of financial liberalization.

It was also emphasized, for the first time, that both private and State-owned enterprises are the foundations of China's economic development.

Liu Ligang, chief economist at ANZ Banking Group, said, "This is ... to instill some confidence in China's private entrepreneurs who have complained about a worsening operating environment after the global financial crisis, with the State advancing and the private sector receding."

Xu Xiang, a private entrepreneur managing a leather export company in Zhejiang province, said a bigger role for the market will benefit the company. "For us, the less government intervention, the better."

He said he hopes the entry threshold for some industries can be lowered further and that interest rate and foreign exchange rate liberalization can be introduced as soon as possible.

Susan Shirk, former deputy assistant secretary of state during the Clinton administration in the United States, said, "China has been dependent on foreign investment, because it has a very under-developed domestic capital market.

"So a more developed domestic capital market with fair access to different types of firms inside China, as well as international firms, will be viewed very positively."

Wang Zhengxu, a lecturer at the School of Contemporary Chinese Studies at the University of Nottingham in Britain, said the reform plans will make the Chinese economy more dynamic, more efficient, more innovation-driven, consumption-driven and service-oriented.

"Foreign companies with the technologies and know-how in helping China to achieve these goals will enjoy a wide range of opportunities in China," he said.

"In the areas of high value-added manufacturing in electronics and machinery, pharmaceuticals and clean energy — among others — foreign firms have a lot to harness."

Liu said the comprehensive reform package is likely to weigh down China's economic growth in the next one to two years.

"We maintain our view that the Chinese authorities could lower the growth target for the next year to 7 percent," Liu said. The growth target for 2013 is 7.5 percent.

Although China's growth rate is expected to slow, it will not undermine the country's influence on the global economy, Liu added.

The urbanization drive means that demand for housing, infrastructure, energy and agricultural products will grow.

Zhang Yuwei in New York contributed to this story.

Most Popular
Special

...
...
主站蜘蛛池模板: 一区二区三区在线播放 | 亚洲精品高清视频 | 一本色道久久综合亚洲精品加 | 91网站在线免费观看 | 男人v天堂| xxxwww欧美 | 欧美无玛 | 97视频在线免费观看 | 三级视频在线播放 | 欧美精品自拍 | 久久久久亚洲 | 亚洲精品久久久久影院 | 92av在线| 久久在线免费观看视频 | 清纯偷拍精品视频在线观看 | 欧美人与zoxxxx另类9 | 一级做a爰 | 欧美性色生活片免费播放 | 一本色道久久综合 | 国产高清美女一级a毛片久久w | 成年人在线观看免费 | 美国一级毛片在线 | 中文成人在线视频 | 精品国产福利 | 亚洲高清在线观看 | 国产黄页 | 三级三级三级网站网址 | 美女被爆免费视频软件 | 婷婷久久久五月综合色 | 亚洲精品在线视频 | 成人午夜在线观看 | 99久在线观看 | 国产v片在线播放免费观 | 国产精亚洲视频 | 日韩精品免费一级视频 | 久久精品免费观看视频 | 欧美成人日韩 | 一级毛片成人免费看免费不卡 | 多人伦精品一区二区三区视频 | 精品久久免费视频 | 牲欧美|