1. Friday May 25, 2018
      Home > News > Economy
      Text:| Print|

      China targets 7.5-pct GDP growth

      2013-03-05 16:52 Xinhua     Web Editor: Gu Liping comment

      The Chinese government announced Tuesday that its GDP growth target will remain around 7.5 percent this year to leave room for economic restructuring.

      The target is intended to help create jobs and improve people's well-being, Premier Wen Jiabao said while delivering his last government work report to the opening session of 12th National People's Congress (NPC), China's top legislature.

      This marks the second consecutive year for the world's second-largest economy to target 7.5-percent growth. In 2012, the government cut its growth forecast from 8 percent for the first time in eight years.

      Wen warned of the profound and persisting impact of the global financial crisis, as well as the unstable recovery of the world economy, as major threats to China's economic growth.

      However, the premier cited the considerably increased capacity of China's manufacturing industry, significantly improved infrastructure, a high savings rate and a large workforce as favorable factors that will sustain development.

      "In light of comprehensive considerations, we deem it necessary and appropriate to set this year's target for economic growth at 7.5 percent, a goal that we will have to work hard to attain," Wen told nearly 3,000 national legislators attending the NPC session.

      "We must maintain a proper level of economic growth in order to provide necessary conditions for creating jobs and improving people's well-being. We must ensure that economic growth is in accordance with the potential economic growth rate," Wen said.

      China's economic growth eased further to a 13-year low of 7.8 percent in 2012 from 9.3 percent in 2011 and 10.3 percent in 2010. The country's GDP stood at 51.9 trillion yuan (about 8.3 trillion U.S. dollars) last year.

      Earlier in 2011, the government announced that it would target annual GDP growth of 7 percent from 2011 to 2015.

      Maintaining a slower growth target is intended to shift the government's focus toward accelerating the change of China's growth model restructuring the economy and improving the quality and performance of economic growth so as to promote sustained and healthy economic development, the premier noted.

      RAPID GROWTH OVER?

      Some analysts fear that rapid growth will no longer be possible for China due to domestic and external uncertainties.

      The Chinese economy has expanded by an average of 9.3 percent annually over the past five years.

      But Fan Gang, an economist and former advisor to China's central bank, said it is too early to come to that conclusion.

      "China is far from saying goodbye to rapid growth, but rapid growth is not necessarily equivalent to overheated growth or two-digit growth highlighted by soaring inflation and asset bubbles," Fan said.

      An ideal growth rate for China would be around 8 percent, said Fan, who once served as an economic advisor to China's Cabinet.

      "From this perspective, I see no problem for China to maintain rapid growth for another 20 or 30 years," said Fan.

      Wang Yiming, deputy director of the Macroeconomic Research Institute under the National Development and Reform Commission, said China's potential economic growth rate has dropped to between 7 and 8 percent.

      "Therefore, the 7.5-percent target this year is in accordance with the potential rate," Wang said.

      Read more:

      Special report: Exploring the 2013 NPC & CPPCC sessions

      Comments (0)

      Copyright ©1999-2011 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 亚洲1区2区3区精华液| 国产白丝无码免费视频| 国产亚洲一区二区在线观看| 久久国产乱子伦精品免费看| 亚洲国产一区在线观看| 免费jjzz在线播放国产| 性xxxx视频免费播放直播| 亚洲欧洲专线一区| 自拍偷自拍亚洲精品情侣| 五月婷婷综合免费| 久久嫩草影院免费看夜色| 亚洲欧洲视频在线观看| 亚洲片一区二区三区| 69式国产真人免费视频 | 伊人久久亚洲综合影院首页| 伊人久久亚洲综合影院| 97在线视频免费公开观看| 黄网站色成年片大免费高清 | 乱人伦中文视频在线观看免费| 亚洲精品高清久久| 免费国产真实迷j在线观看| 18以下岁毛片在免费播放| 成人免费视频一区二区| 亚洲男人的天堂久久精品| 亚洲av日韩av天堂影片精品| 四虎影视永久免费观看地址| 99久久精品日本一区二区免费| jizz免费在线影视观看网站| 亚洲最大的成人网| 337p日本欧洲亚洲大胆色噜噜| 亚洲精品国产高清不卡在线| 91情侣在线精品国产免费| 久久国产乱子伦精品免费不卡| 一级看片免费视频囗交| 亚洲中文字幕无码爆乳app| 亚洲色欲或者高潮影院| 亚洲色婷婷综合久久| 亚洲国产精品人人做人人爱| 全免费a级毛片免费**视频| 国产精品成人观看视频免费| 暖暖日本免费中文字幕|