三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

US EUROPE AFRICA ASIA 中文
Business / Opinion

Looking at the bigger picture

By Zhou Junsheng (China Daily) Updated: 2014-04-17 07:13

Despite pressure from economic downturn, the government will show greater tolerance unless it threatens to cross the bottom line

In a keynote speech delivered at the opening ceremony of the Forum for Asia Annual Conference 2014 on April 10, Premier Li Keqiang said China will not adopt short-term stimulus policies to address what are temporary economic fluctuations; instead it will focus on the sustainable and healthy development of the economy in the middle and long run.

Looking at the bigger picture
Government won't resort to short-term stimulus
Looking at the bigger picture
China is in a critical period of economic structural adjustments. Its previous economic growth model driven by the expansion of investment has run out of steam and its economic engine has shifted to domestic demand. However, due to the lack of innovative domestic products domestic demand has failed to play its expected role as an engine of growth. The direct result of this was China's economic growth stayed at a comparatively low level in 2013. The full-year 7.7 percent growth in gross domestic product was the lowest in 14 years, while the GDP growth in the first quarter of this year was below 7.5 percent. It was in the face of these adverse economic circumstances that the State Council meeting held on April 2 once again urged the adoption of feasible measures to stabilize the country's economic growth.

Under such a central government policy tone, the local governments of Guangdong, Hainan, Jiangxi and Guizhou provinces and Tianjin municipality published their lists of key projects for the year, which represent a total investment of 7.13 trillion yuan ($1.14 trillion). Such colossal investment plans, coupled with some major infrastructure construction projects due to be unveiled by major enterprises, have caused concerns about a new round of stimulus packages, such as the ones the country launched in the wake of the 2008 global financial crisis, and fuelled market expectations for stimulus policies from the central government, such as the support of fiscal funds, investment expansion, a preferential taxation policy, as well as lowering banks' deposit reserve ratio and interest rates.

Over the past decade, the country has frequently turned to temporary stimulation measures to spur the economy, which has successfully guaranteed an economic growth above the expected level. The 4-trillion-yuan investment program launched by the central government at the height of the global financial crisis in 2008 effectively helped curb the spread of the contagious crisis to China and prevented its economy from suffering a severe recession. However, such an investment spree also produced obvious negative side effects, such as further increasing China's dependence on administrative regulations for economic growth and crippling to some extent the normal function of the market. At the same time, the sprawling investment campaign under an expansionist monetary policy caused excessive exploitation of resources and the environment and triggered serious inflation.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 中国一级全黄的免费观看 | 丝袜高跟在线 | 久久综合色婷婷 | 国产欧美精品一区二区三区-老狼 | 久久视频精品线视频在线网站 | 国产欧美日韩在线观看 | 欧美高清在线视频一区二区 | 成人免费观看在线网址 | 成人影院www在线观看 | 亚洲欧美日韩精品 | 欧美特黄a级高清免费看片 欧美特黄a级猛片a级 | 亚洲成人播放 | 免费三级黄色 | 国产在线91精品入口首页 | 国产精品日韩欧美在线 | 狠狠色婷婷丁香综合久久韩国 | 国内自拍第五一页 | 国产毛片一区二区三区 | 精品国产污污免费网站 | 一本大道一卡二卡入口2021 | 国产一级特黄生活片 | 婷婷 综合 | 久久国产电影 | 国产三级精品三级 | 激激婷婷综合五 | 麻豆 一区 精品 在线 | 青春草在线视频精品 | 全免费a级毛片免费看视频免 | 日韩精品久久久毛片一区二区 | chinese老头 gay tube| 免费播放美女一级毛片 | 91精品全国免费观看含羞草 | 婷婷综合七月激情啪啪 | 亚洲成人午夜影院 | 国产性感美女视频 | 第一次男生很猛的进去视频 | 日韩精品久久久久久久电影99爱 | 国产精品国产三级在线高清观看 | 亚洲欧美日韩精品 | 狠狠的日视频 | 国产成人夜间影院在线观看 |