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

Business / Opinion

Looking at the bigger picture

By Zhou Junsheng (China Daily) Updated: 2014-04-17 07:13

Despite pressure from economic downturn, the government will show greater tolerance unless it threatens to cross the bottom line

In a keynote speech delivered at the opening ceremony of the Forum for Asia Annual Conference 2014 on April 10, Premier Li Keqiang said China will not adopt short-term stimulus policies to address what are temporary economic fluctuations; instead it will focus on the sustainable and healthy development of the economy in the middle and long run.

Looking at the bigger picture
Government won't resort to short-term stimulus
Looking at the bigger picture
China is in a critical period of economic structural adjustments. Its previous economic growth model driven by the expansion of investment has run out of steam and its economic engine has shifted to domestic demand. However, due to the lack of innovative domestic products domestic demand has failed to play its expected role as an engine of growth. The direct result of this was China's economic growth stayed at a comparatively low level in 2013. The full-year 7.7 percent growth in gross domestic product was the lowest in 14 years, while the GDP growth in the first quarter of this year was below 7.5 percent. It was in the face of these adverse economic circumstances that the State Council meeting held on April 2 once again urged the adoption of feasible measures to stabilize the country's economic growth.

Under such a central government policy tone, the local governments of Guangdong, Hainan, Jiangxi and Guizhou provinces and Tianjin municipality published their lists of key projects for the year, which represent a total investment of 7.13 trillion yuan ($1.14 trillion). Such colossal investment plans, coupled with some major infrastructure construction projects due to be unveiled by major enterprises, have caused concerns about a new round of stimulus packages, such as the ones the country launched in the wake of the 2008 global financial crisis, and fuelled market expectations for stimulus policies from the central government, such as the support of fiscal funds, investment expansion, a preferential taxation policy, as well as lowering banks' deposit reserve ratio and interest rates.

Over the past decade, the country has frequently turned to temporary stimulation measures to spur the economy, which has successfully guaranteed an economic growth above the expected level. The 4-trillion-yuan investment program launched by the central government at the height of the global financial crisis in 2008 effectively helped curb the spread of the contagious crisis to China and prevented its economy from suffering a severe recession. However, such an investment spree also produced obvious negative side effects, such as further increasing China's dependence on administrative regulations for economic growth and crippling to some extent the normal function of the market. At the same time, the sprawling investment campaign under an expansionist monetary policy caused excessive exploitation of resources and the environment and triggered serious inflation.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
姜堰市| 卢龙县| 宁阳县| 霸州市| 天台县| 周宁县| 吐鲁番市| 全南县| 醴陵市| 沧源| 永和县| 渝中区| 阿图什市| 电白县| 虎林市| 油尖旺区| 新津县| 元阳县| 宁陕县| 天门市| 论坛| 且末县| 汉阴县| 阆中市| 澜沧| 巢湖市| 塔城市| 永清县| 连平县| 额济纳旗| 北川| 石城县| 盐山县| 元阳县| 灵川县| 朝阳市| 佛坪县| 宽甸| 蓬莱市| 嘉峪关市| 营口市|