综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

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

China: Sustaining growth amid challenges

cctv.com | Updated: 2013-03-28 09:21

Despite the much-talked-about slowdown, the China growth story is still an enviable and impressive one. But after years of heady growth, the country now faces critical challenges on multiple fronts. For Chinese policymakers - sustainability is now the name of the game.

Get Flash Player

China's GDP has grown at an average annual rate of 9.3 percent over the past five years, to make it the second largest economy in the world.

Zhu Haibin, chief China economist of JP Morgan, said, "It's probably the biggest event in the global economy in the past few years, that China has surpassed Japan to become the second biggest economy. The market widely expected that in 10 or 15 years, that China will also surpass US to become the biggest economy in the world. "

Achieving the targeted growth rate is not an easy task. The global economic slowdown dragged down external demand, denting China's export sector.

CCTV reporter Guan Xin said, "To cope with the external headwinds, China is striving to stimulate domestic demand. Its vast consumer market is considered the engine for future growth. This also benefits overseas' investors. Meanwhile, China's outbound investment is growing at a rapid pace, helping create productivity and employment in other countries."

The country's new leadership is confident of achieving growth of 7.5 percent over the next decade by further boosting domestic demand, reform, and innovation.

Xu Sitao, chief China rep. of The Economist Group, said, "It's a fact that the old model is not working. China is now a middle income country. So the cost structure is completely different. Therefore China must rely on domestic-led growth - mainly private consumption. At the same time, we must accept slower but better quality growth."

But a big concern now is the environmental cost of economic growth. Pollution, smog, and a costly dependence on energy have forced the country to change its development pattern.

Wang Fengying, general manager of Great Wall Motors, said, "This year the government work report highlights green, recycling and low carbon agendas. These will all have a far-reaching impact on the auto industry. We feel that we should increase spending in R&D and innovation in the core technology of energy saving and reducing emissions."

Instead of pursuing unrestrained GDP growth, the country is now aiming for long-term sustainable growth, and contributing to world economic stability.

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
清河县| 龙岩市| 湘西| 陇川县| 伽师县| 舞钢市| 陆丰市| 朝阳区| 清镇市| 闸北区| 夏津县| 宝清县| 寿光市| 宁明县| 开远市| 亳州市| 华池县| 从江县| 开原市| 和静县| 二连浩特市| 桂平市| 鹰潭市| 昌都县| 富民县| 全椒县| 邢台县| 武宁县| 资溪县| 苏尼特左旗| 万荣县| 灵台县| 广德县| 建始县| 西乌| 葫芦岛市| 定远县| 封丘县| 礼泉县| 临邑县| 黄石市|