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

chinadaily.com.cn
left corner left corner
China Daily Website

China needs to rebalance economy: economists

Updated: 2013-04-04 21:43
( Xinhua)

HONG KONG ?-- China needs to continue to rebalance its economy and reduce dependence on exports to achieve sustainable development, an economist said on Thursday.

China cannot continue to depend on "overseas demand" for economic growth and needs to "shift away from reliance on exports of low value-added goods," Victor K. Fung, chairman of the Fung Global Institute, said at the ongoing annual conference of the Institute for New Economic Thinking (INET), which lasts from Thursday to Saturday.

China has no longer been the factory of the world because of higher production costs and has focused more on domestic consumption to boost economic growth, said Fung, who is also chairman of the Fung Group which comprises major subsidiaries in trading, logistics, distribution and retailing.

Due to the global economic turmoil and sluggish external demand, China's exports rose 7.9 percent year on year in 2012, slower than the 20.3 percent growth registered one year earlier.

"The alternative for China is China itself," Fung said, adding that the country needs to strengthen its service industry to speed up economic rebalancing.

China is the only major emerging economies with service sector accounting for less than 50 percent of gross domestic product, data showed.

Nobel prize-wining economist Micheal Spence shared the view with Fung, adding that the country needs to improve its social security system and allow more competition to encourage innovation.

The INET is a New York City-based economic research and education foundation designed to broaden and accelerate the development of a new field of economic thoughts that will lead to the real-world solutions to the great economic and social challenges.

Titled "Changing of the guard?" this year's annual conference focuses on crucial global issues with topics including "Growth Adjustment and Convergence in Asia: The Challenge Ahead" and "The RMB and the Future of Asian Finance."

 
...
永城市| 迁安市| 兖州市| 博爱县| 彰化市| 绥中县| 梁河县| 萝北县| 拜城县| 阳新县| 大荔县| 佛山市| 化州市| 林芝县| 铜川市| 沁源县| 辽阳县| 东乡| 子长县| 湖南省| 射阳县| 隆林| 社旗县| 元谋县| 湖口县| 永年县| 沂南县| 沐川县| 湾仔区| 康平县| 广东省| 贵州省| 略阳县| 银川市| 托里县| 海口市| 商城县| 资中县| 元谋县| 松潘县| 呼图壁县|