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 / Economy

Volatilities are 'natural consequence' of China's economic transition

(Xinhua) Updated: 2015-08-27 13:22

WASHINGTON - Recent volatilities of Chinese stock market and the currency depreciation are "natural" in such an economic transition as China is undergoing, chairman of the Principal Financial Group said.

Larry Zimpleman, also chief executive officer of the Principal Financial Group, said in a recent interview with Xinhua that he remains confident about China's economy as the government has long been "trying to re-engineer the economy."

In his eyes, China's economy in the past three to four decades was built on low cost manufacturing and exports which has brought hundreds of millions of Chinese people into the middle class with rising incomes.

"But clearly at some point, China isn't necessarily going to be the lowest cost place for manufacturing. Other countries are naturally going to begin to take part of that," he said.

The economic transition pushed by the Chinese government will transfer China from an export driven manufacturing economy to an economy based on internal consumption, saving and investment, said Zimpleman.

"This is a difficult transition," he said. "The natural consequence of that is there is going to be volatility. This transition can't be made smoothly. It will involve volatility and therefore we shouldn't be surprised when we see that happen."

The Chinese stock markets experienced their two worst days on Monday and Tuesday in eight years, crashing to the lowest level since December 2014. It is the first time in 10 months that the benchmark Shanghai Composite Index has been below 3,000 points.

According to the General Administration of Customs (GAC) data, China's foreign trade posted a 6-percent decrease in the first quarter, falling to 5.54 trillion yuan ($864.2 billion), with exports rising 4.9 percent and imports dropping 17.3 percent.

The growth of China's value-added industrial output, which measures the final value of industrial production has also experienced obvious up-and-down this year. The annual growth rate fell to 5.6 percent in March then gradually rebounded to 6.8 percent in June and dropped to 6 percent in July.

Though the transition is difficult, it is "the right thing to do" and "the right shift of the economy," Zimpleman said, as it will make China's development more sustainable and depend more on China's domestic market instead of the overseas one.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 一级黄色毛片视频 | 国产精品视频大全 | 国产成人精品三区 | 97在线视 | 亚洲精品tv久久久久久久久 | 亚洲精品国产手机 | 久久精品福利视频 | 国产成人精品第一区二区 | 久久综合精品国产一区二区三区 | 欧美成人一区二区 | 中文字幕色在线 | 精品国产一区二区三区久久影院 | 成人国产一区二区三区 | 美国一级大黄一片免费网站 | 亚洲自偷 | 日韩中文字幕在线亚洲一区 | 麻豆视频免费入口 | 日韩欧美一区二区三区在线视频 | 美国三级在线 | 黄色片免费网站 | 黄色一级视频播放 | 97起碰 | 亚洲日本乱码中文在线电影亚洲 | 欧美一级片网 | 国产主播福利一区二区 | 2020国产成人精品免费视频 | 九九九九精品视频在线播放 | 国产又大又硬又粗又湿 | 免费a级黄色片 | 黄色a级毛片 | 亚洲国产欧美日韩一区二区三区 | 国产精品污视频 | 欧美成人午夜做爰视频在线观看 | 国产免费高清在线精品一区 | 国产免费黄 | 成年免费大片黄在线观看岛国 | 日本一级毛片在线观看 | 日本大片成人免费播放 | 国产成人91一区二区三区 | 亚洲在线免费观看视频 | 乱淫毛片|