1. Text: | Print|

      Minimum growth rate set at 7 percent

      2013-09-17 07:51 China Daily Web Editor: qindexing
      1

      For the first time since the beginning of China's complex economic transition, a government official said on Monday the minimum level of annual economic growth acceptable to the central government is 7 percent.

      But based on recent economic data, for August in particular, China is almost certain to be able to achieve growth no lower than 7.5 percent in 2013, Yang Shubing, a senior official at the National Policy Research Office of the State Council, said at a news briefing.

      Yang said that in coming years China will have to achieve minimum growth of 7 percent to double the size of the economy from 2010 to 2020, as promised at the 18th Communist Party of China National Congress last year.

      Sheng Laiyun, a spokesman for the National Bureau of Statistics, said the government's minimum-growth tolerance level represents a comprehensive assessment of GDP growth and other factors like employment.

      In a sign of the leadership's confidence in employment, Premier Li Keqiang disclosed in an article published last week in the Financial Times that in the first half of this year unemployment stood at around 5 percent, according to a survey.

      The government earlier announced that registered urban unemployment had stood at 4.1 percent for a long period.

      As for economic growth in 2013, Yang said electricity generation, a key indicator of the economy's vibrancy, rose for a fifth month in August and increased by 13.4 percent from a year ago.

      Another key indicator, industrial output, grew at the fastest pace in 17 months in August, recording 10.4 percent year-on-year growth.

      "Although after 30 years of fast economic expansion certain factors that used to support such rapid growth have faded away, such as the abundant supply of labor and inexpensive natural resources, China's fundamentals are unchanged," Sheng said.

      Officials stressed that current reform measures target not only short-term growth, but also long-term sustained growth.

      These measures include the newly announced Shanghai Free Trade Zone as well as streamlined administrative approval procedures.

      Li told a group of domestic and foreign entrepreneurs at last week's "Summer Davos" in Dalian, Liaoning province, "An important agenda of economic reform is financial reform, which is a complicated project."

      China needs not only courage, but also wisdom to initiate the reform that will develop into a tipping point with overall implications, he said.

      Yang, responding to a China Daily question on the type of reform this will be, cited reform of the administrative system to redefine the government's role in the economy.

      Liu Shengjun, deputy executive director of the China Europe International Business School's Lujiazui International Finance Research Center, said a feature of the premier's reform proposal is to withdraw the government from a range of areas and leave them to the market.

      "He is confident of fulfilling China's economic transition through reform, rather than pump-priming," he said.

      "Comparing Abenomics in Japan and Likonomics in China, you find the difference is that the essence of Abenomics is monetary and fiscal stimulus, while Li is refraining from stimulus," he said.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 久久久久久国产精品免费免费| 日本高清免费不卡视频| 久久免费高清视频| 中文字幕无码播放免费| 亚洲成年人啊啊aa在线观看| 亚洲永久永久永久永久永久精品| 精品亚洲国产成人| 中文字幕版免费电影网站| 在人线av无码免费高潮喷水| 亚洲中文无韩国r级电影| 亚洲AV成人无码天堂| av无码免费一区二区三区| 亚洲第一页在线播放| 91成人免费福利网站在线| 免费观看毛片视频| 久久精品国产亚洲av影院| 最近免费中文字幕mv电影| 亚洲人成人网站在线观看| 中国china体内裑精亚洲日本| 国产一级淫片a免费播放口| 亚洲av无码一区二区三区乱子伦 | 亚洲精品国产电影| 91av免费在线视频| 国产免费人视频在线观看免费| 亚洲精品动漫在线| 日韩精品成人无码专区免费| 亚洲国产精品成人AV在线| 黄色永久免费网站| 亚洲午夜理论片在线观看| 波多野结衣在线免费视频| 亚洲性无码AV中文字幕| 又色又污又黄无遮挡的免费视| 亚洲国产成人久久精品软件| 四虎永久在线免费观看| a国产成人免费视频| 久久亚洲国产精品五月天婷| 老子影院午夜伦不卡亚洲| 在线观看永久免费视频网站| 国产免费一区二区三区免费视频| 国产一级淫片视频免费看| 99久久免费国产特黄|