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

National

Regional

Taiwan, HK, Macao

Special Coverage

Focus

Society

Profiles

China economic growth needs to be more balanced: expert

(Xinhua)
Updated: 2009-09-11 01:23

DALIAN: Although China's economy has managed to expand relatively fast, it still faces the challenge of making it develop in a more balanced, coordinated and sustainable way, Stephen Roach, Morgan Stanley's Asian Chairman, said here Thursday.

Related readings:  High hopes for summer Davos gathering  Summer Davos boosts Dalian's opening up  All hands on deck for Summer Davos   Flower-dotted Dalian welcomes guests for Summer Davos

The stimulus package of the Chinese government has helped bolster the economic growth, but it was mainly driven by fixed assets investment, Roach said in an exclusive interview with Xinhua during the Summer Davos held in north China's coastal city Dalian.

Official figures showed that investment contributed 6.2 percentage points to China's 7.1 percent year-on-year gross domestic product (GDP) growth in the first half, and consumption did 3.8 percentage points. Exports, sliding for eight straight months, dragged down growth by 2.9 percentage points.

China should also pay attention to the rise of potential non-performing loans (NPLs), because of the massive lending of Chinese banks this year, he added.

Chinese banks advanced a record 7.73 trillion yuan (US$1.13 trillion) of new loans in the first seven months, far exceeding the full year target of 5 trillion yuan, after the government eased lending restrictions to stem a slowdown in the world's third largest economy.

The three-day summit, also known as the Annual Meeting of New Champions 2009, attracted about 1,400 business leaders and policy makers from 86 countries and regions.