1. Text: | Print|

      China to keep 2015 growth, policy steady under 'new normal'(2)

      2014-12-12 08:38 Xinhua Web Editor: Gu Liping
      1

      NEW NORMAL -- THE KEY WORD

      "New normal" is a key word in the statement and also a buzzword in China's key economic policy documents this year.

      China must "understand the new normal, adjust to the new normal and develop under the new normal," said the statement.

      Coming to terms with the "new normal" will be the "main logic" for economic growth for some time, it added.

      "New normal" is nothing new. It was first popularized by the California-based bond fund giant Pacific Investment Management Co. to describe below-average growth after the global crisis.

      The term gained ground in China when in May, President Xi Jinping, during his inspection tour in central China's Henan Province, described the need to adapt to a "new normal" and remain cool-headed as the brakes are applied.

      There used to be an "old normal" in the 35 years between 1978 and 2013, when annual growth of the Chinese economy averaged close to 10 percent and, between 2003 and 2007, it was over 11.5 percent.

      The "new normal" is characterized by a shift from high speed growth to a medium-to-high one, a shift from focusing on quantity and speed to quality and efficiency in growth model, a shift from stressing production expansion to improving current production, and a shift from growth being driven be conventional engines to increasingly driven by new ones.

      The new normal concept does not necessarily change the fact that China is still in a strategically important period with great prospects, nor does it change the positive fundamentals of the Chinese economy. The new normal asks for the change of development mode and economic structure, said the statement.

      SPEEDING UP REFORMS, OPENING-UP

      Reforms will be even higher on the economic agenda for 2015, as the Chinese government will accelerate reforms in nine areas next year including the capital market and market access for private banks.

      Reform will be sped up in administrative approval, investment, pricing, monopolies, franchising, government purchased services, and outbound investment. This takes into consideration both the needs for the next year and long-term interests, according to the statement.

      More efforts will be made to transform the reform into growth, said the statement. The evaluation system for reform and the mechanism for general public to assess the reform work will also be improved.

      The problems of state-owned enterprises will be addressed and efforts will be made to improve their efficiency and core competitiveness.

      Private and foreign companies can also expect more opening up in the Chinese economy.

      In the meeting, the leaders decided to expand market access in the service sector, further open up the manufacturing sector, and popularize experiences of the China (Shanghai) Pilot Free Trade Zone.

      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: 亚洲AV成人无码久久WWW| 国产亚洲精品免费视频播放| 九月婷婷亚洲综合在线| yy一级毛片免费视频| 亚洲另类激情综合偷自拍 | 噼里啪啦电影在线观看免费高清| 亚洲AV无码一区二区三区牛牛| 免费乱码中文字幕网站| 日本视频免费高清一本18| 亚洲色在线无码国产精品不卡| 亚洲国产精品一区二区第四页| 免费不卡在线观看AV| 亚洲AV无码一区二区三区电影 | 亚洲精华国产精华精华液网站| 久久亚洲高清综合| 动漫黄网站免费永久在线观看| 国产精品免费一区二区三区| 亚洲午夜一区二区电影院| 国产亚洲午夜高清国产拍精品| 成人免费午夜无码视频| 嫩草在线视频www免费看| 99亚洲精品卡2卡三卡4卡2卡| 久久亚洲精品成人AV| 亚洲伊人久久成综合人影院| 免费99精品国产自在现线| 国产免费网站看v片在线| 久久精品熟女亚洲av麻豆| 亚洲视频在线观看地址| 亚洲伊人久久精品影院| 成人永久福利免费观看| 国产在线jyzzjyzz免费麻豆| 国产黄在线播放免费观看| 亚洲欧美在线x视频| 亚洲av无码一区二区三区观看| 亚洲精品~无码抽插| 亚洲高清无码综合性爱视频| 最近中文字幕mv手机免费高清| 99精品视频在线视频免费观看 | 国产免费观看青青草原网站| 国产免费的野战视频| 日本在线看片免费人成视频1000|