Xi: Chinese economy on track

    By WEI TIAN in Shanghai and WU JIAO in Bali, Indonesia ( China Daily )

    Updated: 2013-10-07

    Xi: Chinese economy on track

    China's President Xi Jinping (left) is welcomed by Indonesia's President Susilo Bambang Yudhoyono as he arrives for a dialogue with leaders at the APEC Summit on Monday. ROMEO GACAD / Agence France-Presse

    The Chinese economy remains on track despite a recent slowdown, and the country is taking measures to guard against both internal and external risks, President Xi Jinping told top company executives attending the APEC summit in Indonesia on Monday.

    Addressing industrial and commercial leaders at the Asia-Pacific Economic Cooperation summit, Xi said China's economic growth remained stable in the first half of this year, and stressed the world's second-largest economy attaches more importance to quality and efficiency in growth than GDP figures.

    "I'm fully confident in China's economic prospects. Everything is within expectations and a slowdown was a result of proactive adjustment," he said.

    The World Bank said on Monday China's growth will be able to meet its official target of 7.5 percent this year, while growth in 2014 is projected to pick up further to 7.7 percent, citing an improving short-term outlook as industrial production data suggests further strengthening of output in the third quarter of 2013.

    In the meantime, Xi said, the government remains vigilant on issues such as overcapacity and local debt issues, as well as possible impacts from external environments, and is taking active measures to prevent possible risks.

    China's reform has entered a vital and difficult stage, Xi said, adding that the country will stick to its current reform. He also said China will continue its opening process and urged closer partnership across the Asia-Pacific region. "No one should set barriers for this," he said.

    "The prospects of the APEC region are increasingly linked to China's outlook," said a recent research report by Moody's Investors Service.

    "Slowdown in China's economic growth has had an immediate adverse impact on growth and government finances among natural resource exporters, especially Australia and Indonesia.

    "Manufacturers' exports from Japan, Republic of Korea and most ASEAN economies have also suffered from a drop in demand from China, which has become the largest export market for those economies," the Moody's report said.

    Chinese leaders have vowed $10 trillion of imports for the country over the next five years, together with $500 billion of outbound investment and more than 400 million Chinese tourists going overseas, from which analysts said Asia Pacific economies will be the major beneficiaries.

    China's economic growth slowed to 7.5 percent in the second quarter of this year but Lian Ping, chief economist with Bank of Communications Co, estimated China's growth will rise to 7.7 percent in the third quarter, as a series of measures "to maintain the economic growth at a reasonable level" plays its part.

    With raw material imports such as iron ore and crude oil continuing to grow, Lian estimated the country would expand its imports of advanced technologies, key components and consumer goods, so as to further rebalance its trade surplus and relieve appreciation pressure on the yuan.

    China has shown some progress in rebalancing its economy, with consumption contributing more to quarterly growth than investment in the two years up to the first quarter of 2013 and services accounting for a larger share of GDP. "Still, the economy has yet to make the decisive turn toward consumer-based growth," the World Bank said.

    Developing countries in East Asia have been expanding at a slower pace as China shifts from an export-oriented economy and focuses on domestic demand.

    According to the Washington-based lender, the growth forecast for developing countries in the East Asia region is 7.1 percent for 2013 and 7.2 percent for 2014, which were slight downward revisions from projections of 7.8 percent and 7.6 percent made in April 2013.

    "With overall global growth accelerating, now is the time for developing economies to make structural and policy reforms to sustain growth, reduce poverty and improve the lives of the poor and vulnerable," said World Bank East Asia and Pacific Regional Vice-President Axel van Trotsenburg.

    However, "The East Asia-Pacific region continues to be the engine driving the global economy, contributing 40 percent of the world's GDP growth — more than any other region," Van Trotsenburg said.

    Schedule

    President Xi visits Indonesia, Malaysia, attend APEC summit

    Oct 2 to 3: Pay State Visit to Indonesia

    Oct 4 to 5: Pay State Visit to Malaysia

    Oct 6 to 8: Attend the 21st economic leaders' meeting of APEC forum and meet with global leaders in Bali, Indonesia

    Forum

    China's growth to benefit the world

    With the US in a declining mode, the world needs a steadier China.

    Thoughts after hearing Xi's speech

    I was very happy to see that Xi Jinping did focus on trade and on the importance of Asia Pacific trade being cooperative and inclusive.

    无码一区二区三区在线观看| 人妻少妇AV无码一区二区| 熟妇人妻系列aⅴ无码专区友真希 熟妇人妻系列av无码一区二区 | 精品人妻无码专区中文字幕| 蜜桃无码一区二区三区| 中文字幕专区高清在线观看 | 亚洲V无码一区二区三区四区观看| 亚洲精品欧美精品中文字幕| 久久久久亚洲av无码专区喷水| 亚洲一日韩欧美中文字幕欧美日韩在线精品一区二 | 无码国模国产在线无码精品国产自在久国产 | 日本一区二区三区不卡视频中文字幕| 国产精品亚洲αv天堂无码| 中文字幕乱码人妻无码久久| 无码中文人妻在线一区二区三区| 精品人妻系列无码人妻免费视频| 无码精品国产VA在线观看DVD| 中文无码人妻有码人妻中文字幕| 亚洲人成中文字幕在线观看| 亚洲爆乳无码精品AAA片蜜桃| 国产精品无码日韩欧| 无码精品黑人一区二区三区 | 亚洲AV中文无码乱人伦在线观看 | 国产成人无码一区二区在线观看| 久久亚洲精品中文字幕| 人看的www视频中文字幕| 国产精品三级在线观看无码| 亚洲AV永久无码精品| 亚洲精品无码久久久影院相关影片 | 人妻无码一区二区不卡无码av| 免费看成人AA片无码视频吃奶| 无码国产精品一区二区免费式影视| 日本精品久久久久中文字幕8| 亚洲精品成人无码中文毛片不卡| 亚洲一级特黄无码片| 亚洲精品无码久久毛片| 久别的草原在线影院电影观看中文| 日韩亚洲不卡在线视频中文字幕在线观看| 亚洲一本大道无码av天堂| 中文字幕aⅴ人妻一区二区| 天堂а√中文最新版地址在线|