USEUROPEAFRICAASIA 中文雙語Fran?ais
    China
    Home / China / CHINADAILY Editorial

    Better than expected growth shows economy has resilience: China Daily editorial

    chinadaily.com.cn | Updated: 2017-04-17 18:40

    The 6.9 percent economic growth China recorded in the first quarter of this year beat market expectations. Before the figure was released by the National Bureau of Statistics on Monday, many analysts had expected the economy to expand 6.8 percent in the January-March period, the same rate as in the last quarter of 2016.

    The slightly improved figure results from many factors, including increased government infrastructure spending, a booming housing market, robust industrial output, a rebound in exports and strong retail sales.

    The impressive performance in the first quarter lays a good foundation for the government to achieve this year's annual growth target of around 6.5 percent.

    It should also help allay concerns that China's economy might be heading for a hard-landing, as some international analysts have forecast, citing weak external demand, contracting manufacturing activities and surging government debts.

    That worry, though far from reality, is understandable, given that China has been the engine that has powered the global economy for many years.

    However, the doomsayers overlook the resilience of China's economy. As the first quarter's economic performance signals, China's growth remains stable, and its transition away from low-end manufacturing and investment-led expansion to a higher position in the global production chain and domestic consumption, is well on track.

    There is still the need to keep a close eye on the situation both at home and abroad, though, as challenges remain from the complicated external environment and domestic structural problems.

    For instance, as the government steps in to rein in the property market that shows signs of overheating and tighten bank lending policies, the effect of cheap credit to propel growth will diminish.

    And there are hard tasks ahead. The government has to continue cutting overcapacity, reducing inventory, eliminating money-losing "zombie enterprises" and encouraging innovation to make the country's economy more sustainable.

    So rather than relying on debt-fuelled stimulus, more efforts have to be made to release the dividends of reform and the potential of domestic consumer spending to drive growth.

    The 7 percent growth in disposable income in the first quarter, the fastest since the end of 2015, highlights the strong endogenous consumption potential.

    The better-than-expected growth provides a good springboard to continue to pursue a growth model that relies on consumption, services and innovation, rather than investment and exports. This will make China's economy even more sustainable and ensure more balanced and healthy growth that benefits all.

     

    Editor's picks
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
     
    91久久精品无码一区二区毛片| 暖暖免费在线中文日本| 人妻精品久久久久中文字幕69| 亚洲国产精品无码av| 久久亚洲精精品中文字幕| 精品国产一区二区三区无码| 精品久久久久久无码不卡| 中文午夜乱理片无码| 99久久精品无码一区二区毛片| 精品人妻系列无码一区二区三区 | 中文字幕国产91| 天堂亚洲国产中文在线| 国产精品无码无需播放器| 99精品人妻无码专区在线视频区| 免费人妻无码不卡中文字幕系| 免费无码专区毛片高潮喷水 | 午夜福利无码不卡在线观看 | 在线高清无码A.| 中文字幕一区日韩在线视频| 中文字幕日本高清| 天堂中文在线最新版| 亚洲精品无码永久中文字幕| 亚洲综合中文字幕无线码| 中文国产成人精品久久亚洲精品AⅤ无码精品 | 久久精品国产亚洲AV无码娇色| 久久亚洲精品无码VA大香大香| 最近中文字幕免费mv在线视频| 无码中文字幕日韩专区视频| 中文字幕 亚洲 有码 在线| 无码精品久久一区二区三区| 18禁黄无码高潮喷水乱伦| 狠狠躁狠狠躁东京热无码专区| 夜夜添无码一区二区三区| 亚洲精品无码专区久久久 | 无码人妻少妇久久中文字幕| 狠狠干中文字幕| 中文字幕在线观看| 天堂在线观看中文字幕| 久久精品亚洲AV久久久无码| 无码专区—VA亚洲V天堂| 亚洲AV无码一区二区乱孑伦AS|