1. LINE

      Text:AAAPrint
      Economy

      Exports, upgrading power up expansion in first half

      1
      2017-07-27 09:07China Daily Editor: Li Yahui ECNS App Download
      Containers being loaded at the Nansha Port in Guangzhou, Guangdong province. (Photo/Xinhua)

      Containers being loaded at the Nansha Port in Guangzhou, Guangdong province. (Photo/Xinhua)

      Export-oriented provinces and municipalities sustained high-speed growth in the first half, while regions relying on smokestack industries, though still lagging behind, have gradually gathered pace as economic structures improved.

      Chongqing registered 10.5 percent year-on-year growth in the first six months, top among 25 of the 31 provinces, autonomous regions and municipalities to have released official economic data as of Wednesday.

      The southwestern metropolis' growth was 3.6 percentage points higher than the nation's overall figure of 6.9 percent for the first half of this year.

      In terms of economic output, Guangdong province ranked top with a total of 4.2 trillion yuan ($617 billion) in gross domestic output in the first half.

      These two regions are in the driving seat thanks to their diverse business structures which rely little on traditional industries, said Gao Huiqing, head of the development research department of the State Information Center.

      A recovery in global demand has also helped the two export-oriented regions to enjoy sustained rapid growth, he said.

      Michael Enright, an economics professor at the University of Hong Kong, said Chongqing's high-speed growth is related to central government's support such as the Belt and the Road Initiative and policies attracting foreign investors.

      "Foreign investment helps Chongqing stand out among other inland cities," said Enright, citing the example of how it became the largest laptop manufacturing base in Asia in only around 10 years, as a large amount of foreign investment has poured in.

      He said he expected that Chongqing and other cities with free trade zones, such as Shanghai and Tianjin, will continue to witness sustained growth, because the government will boost the domestic economy through further opening up and attracting foreign investment.

      In contrast, regions which relied on traditional industries still lagged behind.

      Northeastern Liaoning province only witnessed 2.1 percent year-on-year growth in the first half, while other old industrial bases, such as Heilongjiang province and the Inner Mongolia autonomous region, were among the six provinces and regions that have yet to release data.

      Li Luoli, deputy head of the China Development Institute, a Shenzhen-based think tank, said these areas need to speed up the pace of finding new growth engines.

      "The toughest time of economic transition may have passed, but there are many challenges that have yet to be resolved," he said, referring to issues such as the relocation of laid-off workers.

      He said it would take a considerable period to see a new generation of industries takes shape.

      "Some major coal and steel producers have achieved progress in economic transition," said Zhao Chenxin, head of the economic operation bureau of the National Development and Reform Commission, citing the example of a company located in Shanxi province, China's major coal producer.

      The earnings of Shanxi Yangmei Group improved as it developed new production technology and expanded business such as coal transportation and storage, he said.

      Shanxi province witnessed better-than-expected growth in the first six months with 6.9 percent year-on-year growth, according to Zhang Xiaodong, deputy head of the province's statistics bureau.

       

       

       

        

      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: 十八禁的黄污污免费网站| 亚洲理论片中文字幕电影| 国产亚洲午夜精品| 国产免费小视频在线观看| 亚洲AV日韩AV永久无码色欲 | 久久亚洲精品国产亚洲老地址| 久久精品私人影院免费看| 亚洲国产精品无码久久SM| 黄色视频在线免费观看| 亚洲日韩精品一区二区三区无码| 国产免费AV片在线观看播放| 中文字幕亚洲第一| 精品视频一区二区三区免费| 亚洲成在人天堂在线| 91青青国产在线观看免费| 亚洲国产中文在线视频| 在线免费视频一区| 手机永久免费的AV在线电影网| 亚洲国产午夜中文字幕精品黄网站| 一本一道dvd在线观看免费视频| 亚洲色精品aⅴ一区区三区| 无码国产精品一区二区免费16| 亚洲色图综合网站| 女人被免费视频网站| 在线播放免费人成视频网站| 亚洲第一极品精品无码久久| 在线a免费观看最新网站| 亚洲日产乱码一二三区别| 亚洲精品成人a在线观看| 国产激情免费视频在线观看| 亚洲一区二区三区高清视频| 免费日本黄色网址| 男人j进入女人j内部免费网站| 亚洲av永久无码嘿嘿嘿| 免费一区二区三区四区五区| a级片免费观看视频| 国产成人亚洲综合网站不卡| 亚洲日本va午夜中文字幕久久| 91青青国产在线观看免费| 男男gay做爽爽的视频免费| 亚洲AV成人片色在线观看高潮|