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
China
Home / China / CHINADAILY Editorial

Better than expected growth shows economy has resilience: China Daily editorial

chinadaily.com.cn | Updated: 2017-04-17 18:40

The 6.9 percent economic growth China recorded in the first quarter of this year beat market expectations. Before the figure was released by the National Bureau of Statistics on Monday, many analysts had expected the economy to expand 6.8 percent in the January-March period, the same rate as in the last quarter of 2016.

The slightly improved figure results from many factors, including increased government infrastructure spending, a booming housing market, robust industrial output, a rebound in exports and strong retail sales.

The impressive performance in the first quarter lays a good foundation for the government to achieve this year's annual growth target of around 6.5 percent.

It should also help allay concerns that China's economy might be heading for a hard-landing, as some international analysts have forecast, citing weak external demand, contracting manufacturing activities and surging government debts.

That worry, though far from reality, is understandable, given that China has been the engine that has powered the global economy for many years.

However, the doomsayers overlook the resilience of China's economy. As the first quarter's economic performance signals, China's growth remains stable, and its transition away from low-end manufacturing and investment-led expansion to a higher position in the global production chain and domestic consumption, is well on track.

There is still the need to keep a close eye on the situation both at home and abroad, though, as challenges remain from the complicated external environment and domestic structural problems.

For instance, as the government steps in to rein in the property market that shows signs of overheating and tighten bank lending policies, the effect of cheap credit to propel growth will diminish.

And there are hard tasks ahead. The government has to continue cutting overcapacity, reducing inventory, eliminating money-losing "zombie enterprises" and encouraging innovation to make the country's economy more sustainable.

So rather than relying on debt-fuelled stimulus, more efforts have to be made to release the dividends of reform and the potential of domestic consumer spending to drive growth.

The 7 percent growth in disposable income in the first quarter, the fastest since the end of 2015, highlights the strong endogenous consumption potential.

The better-than-expected growth provides a good springboard to continue to pursue a growth model that relies on consumption, services and innovation, rather than investment and exports. This will make China's economy even more sustainable and ensure more balanced and healthy growth that benefits all.

 

Editor's picks
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
 
伊金霍洛旗| 桦甸市| 故城县| 昔阳县| 宜良县| 冀州市| 哈巴河县| 镇平县| 高要市| 得荣县| 汶上县| 阳曲县| 习水县| 莲花县| 武安市| 临澧县| 高邑县| 民勤县| 莫力| 荥阳市| 东安县| 镇巴县| 南宫市| 南开区| 团风县| 来凤县| 新化县| 武冈市| 繁昌县| 秦皇岛市| 措美县| 电白县| 长汀县| 宣汉县| 连江县| 庄浪县| 平顺县| 哈巴河县| 高碑店市| 专栏| 诸暨市|