1. Text: | Print|

      China's economic reforms resonate with Davos participants

      2014-01-24 15:17 Xinhua Web Editor: qindexing
      1

      China's economic rebalancing away from trade and investment toward domestic consumption will bolster global growth, according to many economists and officials attending the World Economic Forum in Davos.

      Two separate events, held here Thursday under the themes of "Bricks in Midlife Crisis" and "China, Europe, U.S.: The Competition Challenge", sparked wisdom and ideas on the issue from the participants.

      China has lowered its growth pace to create more room for economic restructuring, said Liu Mingkang, former chairman of the China Banking Regulatory Commission at one of the events.

      "The growth pace is slowing down, that's a fact," he said, adding the Chinese economy grew 7.7 percent in 2013, down from double digits only a few years ago.

      The slowdown would not affect China's goal to double its GDP during the 2010-2020 span.

      China would change its growth model from relying on export and fixed asset investment to promoting domestic consumption, and it is determined to reduce overcapacity and local authority platform borrowing, he added.

      "The process is painful, but no pain no gain, as the saying goes," he said.

      Lloyd Blankfein, the head of Goldman Sachs, said the world was focusing on China.

      "A lot of eyes are on China," he said, adding that China's growth rate has more consequences on global economy.

      "If China continues to grow, I get more optimistic for the U.S.," he said, adding he was bullish on China.

      "If you want sustainable growth, environmentally safe, producing high jobs, you have to accept a low goal," he said.

      The Chinese are good owners, their capital is good, and their investment brings jobs, Blankfein said when talking about Chinese food company Shuanghui's acquisition of the U.S. pork producer Smithfield last year. He said the deal was good.

      Zhu Min, deputy head of the International Monetary Fund, said China's economic rebalancing have a significant long-term impact on many countries.

      "We welcome a moderate slowdown in China because current investment levels are unsustainably high," he said.

      Slowed growth would have a significant impact across a range of economic, trade and financial variables among China's major trading partners and commodity exporters, he added.

      Nick Clegg, Britain's deputy rime minister, said the West don't have to be afraid of investment from China.

      He said the recent investments by China, including a 10-percent stake in Heathrow airport, were welcome and any open economy like his country should not turn down such investments.

      "There has been a complete transformation of Chinese investment," admitted Clegg, as statistics show Chinese investment in Britain in the past 18 months was much more than that in the previous years.

      "But it's still quite low," 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: 精品丝袜国产自在线拍亚洲| 亚洲专区先锋影音| 亚洲av无码专区在线电影天堂| 亚洲人精品午夜射精日韩| 免费一级全黄少妇性色生活片| 亚洲精品97久久中文字幕无码| 一道本不卡免费视频| 中文字幕亚洲综合久久菠萝蜜| 巨胸喷奶水www永久免费| 国产精品亚洲片在线观看不卡 | 日韩免费在线视频| 在线观看亚洲免费视频| 亚洲V无码一区二区三区四区观看 亚洲αv久久久噜噜噜噜噜 | 最近免费中文字幕中文高清| 最近的免费中文字幕视频| 亚洲日韩国产一区二区三区在线 | 天天天欲色欲色WWW免费| 香蕉视频在线观看免费| 亚洲精品无码久久久久| 88av免费观看| 亚洲AV成人无码久久WWW| 亚洲精品NV久久久久久久久久| 成全视频高清免费观看电视剧| 亚洲精品国产免费| 国产成人涩涩涩视频在线观看免费 | 99re6热视频精品免费观看| 亚洲一区二区三区成人网站 | 桃子视频在线观看高清免费完整| 亚洲第一综合天堂另类专| 91麻豆最新在线人成免费观看| 国产亚洲综合成人91精品 | 国产午夜无码片免费| 亚洲综合在线视频| 国产亚洲精品免费| 182tv免费视频在线观看| 亚洲日韩精品无码专区加勒比☆ | 亚洲片国产一区一级在线观看| 小日子的在线观看免费| 亚洲AV无码成人网站在线观看| 亚洲第一AV网站| 日韩一区二区免费视频|