.contact us |.about us
    News ...
    Economic restructuring in China speeds up
    ( 2003-05-26 08:49) (8)

    The outbreak of severe acute respiratory syndrome (SARS) has changed the buying habits of Chinese consumers, much as the September 11 incident did the lifestyle of many Americans.

    Sales of air conditioners in big cities were about half that inprevious summers as people feared contracting SARS via the units.

    Zhu Dacheng, general manager of a Sino-foreign joint venture, said the market demarcation of electric household appliances wouldchange as Chinese people bought more clothes dryers, dishwashers, air filters and larger refrigerators.

    Many Chinese manufacturers suddenly realized the potential risks and restructured their product lines. One Beijing clothing factory worked around the clock to meet the increasing market demand for masks, but most of the gauze masks ended up in the storehouse of the factory as many picky Beijingers opted for the protection of imported N95 masks.

    "The market prospect of our products was revised overnight," a supplier said.

    Official figures showed 95 percent of the 600 major Chinese-made commodities were in greater supply than demand, as SARS made businessmen realize there was a big gap between what people really needed and what the factories turned out.

    The upsurge in the consumption of cars, health products and e-commerce illustrate the transition of consumption patterns.

    The impact of SARS turned out to be a driving force accelerating reform in some monopolized industries in China.

    The slump in passenger traffic incurred heavy losses on China's three biggest civil aviation companies, prompting them to solve the chronic problem of bloated operational costs. The airlines postponed ordering new jetliners, increased cargo carriage, reduced passenger flights and rescheduled flight routes. Some of them even considered to streamline fuel expenses and employee salaries.

    Government officials and Chinese entrepreneurs reconsidered their investment decisions. The State Development and Reform Commission (SDRC) warned against excessive capital investment in the metal melting industry and raised the threshold for approval of new projects and bank loans.

    As some local governments rushed to approve construction of airports, automobiles, towns and real estate development projects in a bid to promote local economy, the central government issued orders to prohibit duplication in capital investment.

    The SDRC also drafted a policy guiding the development of the automobile industry so as to avoid redundancy in production capacity.

    After more than 20 years of fast economic growth, China now pays more attention to the quality of economic growth than to the growth rate.

    The Chinese government announced recently that when investing, it will give priority to constructing public health infrastructure,improving farmers' living conditions, expanding employment and developing the western regions of the country.

    Meanwhile, the government will also increase financial support for traditional industrial zones in northeast China, and has allocated one billion yuan to fund the improvement of basic education for this fiscal year.

    Local experts said the gradual change in the fields of government investment reflected increasing importance attached to social development. The government wants to do more to letting economic growth benefit most of the people, especially farmers, the experts said.

    Recently, the Chinese government allowed private enterprises access to wider areas of investment and financial service and gave them tax incentives. These moves were not only aimed at stimulating economic activities as SARS hit, but also designed to transfer the role of the government in a market economy.

    Chris Devonshire-Ellis, senior partner of consulting firm DezanShira & Associates, said as China had joined the World Trade Organization and had more experiences in the development of market economy, the country would continue to offer more business opportunities for the world.

    Go to another section

    E-Mail This Article
    Printer-Friendly Format

    Today's Top News Top China News
    Acting Beijing mayor welcomes lifting of WHO travel advisory
    ( 2003-06-24)
    China, India endorse historic declarations
    ( 2003-06-24)
    Chinese Embassy steps in to help stranded workers get back home
    ( 2003-06-24)
    Central bank rules out renminbi interest rate hike
    ( 2003-06-24)
    T-shirt advice raises hackles
    ( 2003-06-24)
    Acting Beijing mayor welcomes lifting of WHO travel advisory
    ( 2003-06-24)
    'Day of thanksgiving' as Hong Kong off WHO list
    ( 2003-06-24)
    India and China endorse declaration
    ( 2003-06-24)
    Seeking jobs turns hard after SARS
    ( 2003-06-24)
    Job scam shatters dreams Chinese
    ( 2003-06-24)







    一二三四在线观看免费中文在线观看| 无码中文人妻在线一区二区三区| 国产AV无码专区亚洲AV漫画 | 中文字幕无码无码专区| 亚洲国产成人片在线观看无码| 中文字幕乱码中文乱码51精品| 日韩乱码人妻无码中文字幕久久| 大蕉久久伊人中文字幕| 亚洲成A人片在线观看无码3D| 亚洲av成人无码久久精品| 最近中文字幕完整版免费高清 | 欧美激情中文字幕综合一区| 99精品人妻无码专区在线视频区| 久久久久久精品无码人妻| 欧美中文在线视频| 亚洲中文字幕无码日韩| 精品无码久久久久久国产| 亚洲AV中文无码乱人伦在线视色| 91久久精品无码一区二区毛片 | 国产在线拍偷自揄拍无码| 久久午夜福利无码1000合集| 久久有码中文字幕| 亚洲日本中文字幕区| 日韩AV无码中文无码不卡电影| 久久国产三级无码一区二区| 国产精品多人p群无码| 日韩免费人妻AV无码专区蜜桃 | 无码137片内射在线影院| 国产成人无码免费看视频软件| 亚洲一区中文字幕久久| 欧美日韩中文国产一区| 激情欧美一区二区三区中文字幕| 亚洲.欧美.中文字幕在线观看| 无码精品人妻一区二区三区免费| 97碰碰碰人妻视频无码| 国产精品亚韩精品无码a在线| 免费A级毛片av无码| 无码国产精品一区二区免费3p| 亚洲热妇无码AV在线播放| 中文字幕无码高清晰| 日本中文字幕免费高清视频|