1. LINE

      Text:AAAPrint
      Economy

      China's economy promising on steady track despite slowing Q3 data: economist

      1
      2015-10-25 07:29Xinhua Editor: Gu Liping
      Workers are busy at a manufacture base of Dongbei Special Steel Group Co., Ltd. in Dalian, northeast China's Liaoning Province, Oct. 13, 2015.  (Photo:Xinhua/Liu Debin)

      Workers are busy at a manufacture base of Dongbei Special Steel Group Co., Ltd. in Dalian, northeast China's Liaoning Province, Oct. 13, 2015. (Photo:Xinhua/Liu Debin)

      China's GDP growth in the third quarter should be viewed on a reasonable basis, as the economy is running on a stable track boosted by new growth drivers, an economist said.

      The 6.9-percent growth in the third quarter of 2015 is in line with China's growth target for the whole year, which is around 7-percent growth, said Du Feilun, an economist with the National Development and Reform Commission, the country's top economic planner.

      Although the data was lower than the 7-percent growth in the first half of the year, and also marked the first time the quarterly growth rate had dropped under 7 percent since the second quarter of 2009, it is still within the reasonable range of market expectations, said Du.

      Major economic indicators, including employment and prices, all show positive trends of stability.

      A total of 10.66 million new jobs were created in urban areas in the first three quarters, fulfilling the government annual goal of 10 million in advance.

      The slight slump in consumer inflation, which posted a 1.4-percent year-on-year growth in the first three quarters, is still under the government's control, Du said, citing consumption is increasing steadily as residential income grew faster than GDP.

      Sales of consumer goods have been picking up for six months in a row and registered the highest growth rate so far this year in September.

      Sales of commercial houses, and related commodities such as home appliances, building materials and furniture are all gaining momentum during the past nine months.

      New growth engines are driving China's economy ahead, Du said.

      The service sector's role in the economy is strengthening, with its output taking up 51.4 percent of the GDP in the first nine months, up 1.9 percentage points from the first half of the year.

      During the period, the high-tech sector reported 10.4 percent growth in value-added output, 4.2 percentage points higher than the figure for the overall industrial output.

      Investment and consumption demand are still huge, as China strives to promote industrialization and urbanization, Du said.

      The integration of Internet Plus strategy and new technologies will bring about more upgrading opportunities for consumption structure. Demands for education, tourism, entertainment and health care will be on a constant rise, Du said.

      As domestic economy faces downward pressure and global financial markets fluctuate, the Chinese government has been rolling out supportive policies to establish a sound financial environment for restructuring and steady growth of the economy.

      The People's Bank of China (PBOC), the central bank, has cut the reserve requirement ratio (RRR) for all financial institutions five times in the past nine months, and axed the benchmark interest rates six times since last year.

      The PBOC also vowed to continue with the fine tuning of monetary policies, and implement various tools to provide adequate liquidity and ensure market stability.

      The annual growth target of around 7 percent will most likely be accomplished thanks to solid policy support, Du said.

        

      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: 国产99视频精品免费专区| 亚洲av无码不卡私人影院| 香蕉免费看一区二区三区| 亚洲一区二区三区乱码在线欧洲| 亚洲国产精品无码AAA片| 亚洲av再在线观看| 在线不卡免费视频| 亚洲精品视频免费看| 中国精品一级毛片免费播放| 国产成人高清亚洲一区91| 亚洲精品91在线| 亚洲国产精品国自产电影| 亚洲一级特黄大片在线观看| 成在线人永久免费视频播放| 中字幕视频在线永久在线观看免费| 久久精品免费电影| 特级做A爰片毛片免费看无码 | 日本在线看片免费人成视频1000| 一级人做人a爰免费视频| 美女黄频免费网站| 亚洲av午夜电影在线观看| 学生妹亚洲一区二区| 亚洲精品二三区伊人久久| 亚洲高清中文字幕| 色播亚洲视频在线观看| 亚洲av无码片在线播放| 久久久久亚洲精品美女| 亚洲国产另类久久久精品| 亚洲人成亚洲人成在线观看| 亚洲色婷婷综合久久| 亚洲综合在线另类色区奇米| 亚洲欧洲中文日韩av乱码| 亚洲国产高清精品线久久| 免费午夜爽爽爽WWW视频十八禁| 日日AV拍夜夜添久久免费| 伊在人亚洲香蕉精品区麻豆| 亚洲国产成人久久笫一页| 久久久久亚洲爆乳少妇无| 亚洲性猛交XXXX| 亚洲国产一区二区三区青草影视| 亚洲欧洲日产国码久在线观看|