1. LINE

      Text:AAAPrint
      Economy

      A scorching summer for Chinese economy

      1
      2015-07-15 09:25Xinhua Editor: Gu Liping

      With the stock market in turmoil, the economy in search of a new source of growth and looming uncertainties outside the country - it has been a scorching summer for China's policymakers.

      As China prepares to release growth data for the second quarter on Wednesday, attention is trained on how the country has delivered on its pledge for a more balanced growth model and where the slowing economy is heading.

      Analysts largely predict growth will slip below 7 percent for the April-June period as the effects of the successive pro-growth policies have yet to filter through.

      While meeting with economists and entrepreneurs, Premier Li Keqiang stressed that China's long-term fundamentals have not changed even though structural conflicts having accumulated during years of unbridled expansion loom ever larger.

      "China's economy still boasts remarkable tenacity, potential and flexibility," Li said.

      There is little doubt China's potential for medium-high growth remains underpinned by such potential, he said.

      Most analysts believe that momentum will gradually pick up in the latter half of the year thanks to monetary easing and expansionary fiscal policies. New policies should keep the economy on track to hit this year's growth target of around 7 percent.

      NEW ENGINES EMERGING

      The Chinese economy expanded 7 percent in the first quarter, its lowest level in six years.

      To a certain extent, the latest slowdown is inevitable and desirable. More than three decades of break-neck growth, driven by over-reliance on exports and over-investment in sectors like real estate and factories, has left the country with vacant houses, idle factories and piling corporate debt.

      The Chinese government wants to steer the economy toward a more sustainable long-term path. To do that, it has emphasized reforms and innovation as the new engines of growth.

      A wide range of measures for emerging businesses have been unveiled, including financial support, facility construction and administrative assistance.

      The endeavor seems to be garnering success. A start-up boom has taken place with more than 4.85 million new firms registered from March 2014 to May this year, equaling 10,600 per day or roughly seven every minute. There are increasing signs that innovation is being embraced as a source of competitive advantage and meaningful advances are emerging in fields ranging from mobile apps, consumer electronics and renewable energy.

      To foster that trend, Premier Li reiterated that the country will continue with its innovation drive spearheaded by a growing army of entrepreneurs committed to innovation.

      Of course the transformation process won't be easy. A majority of start-ups in the most recent wave are likely to end in failure. But for China to become a more sustainable economy, the painful efforts are inevitable -- the sooner, the better.

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      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: 免费一级毛片正在播放| 国产91色综合久久免费分享| 国产高清免费在线| 中文字幕在线日亚洲9| www.黄色免费网站| 亚洲国产人成在线观看| 性短视频在线观看免费不卡流畅 | 免费国产va在线观看| 色吊丝最新永久免费观看网站| 日韩亚洲产在线观看| 日日夜夜精品免费视频| 毛片亚洲AV无码精品国产午夜| 国产一级高清免费观看| 一级成人毛片免费观看| 亚洲色大成网站www永久一区| 永久在线观看免费视频| 亚洲日韩区在线电影| 九九精品免费视频| 亚洲第一街区偷拍街拍| 亚洲乱码国产一区网址| 中文字幕在线免费视频| 亚洲一区二区三区日本久久九| 无码永久免费AV网站| 男男gay做爽爽的视频免费| 久久久久一级精品亚洲国产成人综合AV区 | 一级黄色片免费观看| 久久亚洲精品中文字幕三区| 午夜精品一区二区三区免费视频| 亚洲国产成人精品无码区在线网站| 大陆一级毛片免费视频观看 | 免费视频一区二区| 亚洲男人电影天堂| 国产成人无码免费视频97 | 国产好大好硬好爽免费不卡| 亚洲人成电影院在线观看| 色吊丝永久在线观看最新免费| 国产精品免费看久久久香蕉| 亚洲精品在线电影| 免费乱理伦在线播放| 免费女人高潮流视频在线观看 | 亚洲熟女少妇一区二区|