Editorials

    Growth paves way ahead

    (China Daily)
    Updated: 2011-01-21 08:10
    Large Medium Small

    The return of double-digit gross domestic product (GDP) growth for the full year of 2010 has virtually enabled China to replace Japan as the world's second largest economy.

    This surely marks an exemplary end to the 11th Five-Year Plan period (2006-2010) which began with the country being the world's fifth-biggest economy.

    Yet, more important than the rise in global GDP rankings, the robust economic growth shows that the country has consolidated its recovery from the global financial crisis.

    Latest statistics indicate that the Chinese economy expanded by 10.3 percent year-on-year to almost 40 trillion yuan ($6 trillion) in 2010, while the rate of inflation stood at 3.3 percent.

    The faster-than-expected growth figure is testament to the foresight and effectiveness of China's efforts to achieve stable growth and prevent the economy from overheating as the global recovery remains unbalanced and uncoordinated.

    A close look at the latest data shows that GDP growth was 9.8 percent in the fourth quarter after slowing from 11.9 percent in the first quarter and 10.3 percent in the second to 9.6 percent in the third.

    A small dip in consumer inflation from a 28-month high of 5.1 percent in November to 4.6 percent in December even provided policymakers with some badly needed breathing space to continue their fight against inflation.

    On the whole, two years after the onset of the worst global financial crisis in about seven decades, the Chinese economy has barely drawn breath before resuming its ascent.

    This is definitely good news for the world economy which is in dire need of sources of growth to push it out of the doldrums of recession.

    For China, the strong momentum is crucial so as to turn recovery into stable growth and create a platform for the transformation of growth model in the coming years. If China is to shift swiftly away from its dependence on export and investment for growth, it has to ensure that more Chinese consumers can take home a bigger share of the nation's wealth.

    Sound economic growth will allow Chinese policymakers to firmly deal with the excess liquidity they employed to counter the global financial crisis with relatively less concern for domestic job creation, while significantly raising people's income as a share of GDP.

    In spite of the many macroeconomic challenges that lie ahead, China's sound economic performance in 2010 has laid a solid foundation for the country to aggressively pursue sustainable and inclusive development. Let us build on it.

    (China Daily 01/21/2011 page9)

    分享按鈕
    亚洲成a人在线看天堂无码| 暖暖免费中文在线日本| 日韩精品一区二区三区中文字幕 | 国产日产欧洲无码视频无遮挡| 最近中文字幕2019高清免费| 日韩美无码五月天| 无码日韩精品一区二区免费暖暖 | 日本中文字幕电影| 亚洲无码视频在线| 精品成在人线AV无码免费看| 特级做A爰片毛片免费看无码| 视频一区中文字幕| 中文字幕亚洲欧美专区| 人妻无码中文字幕免费视频蜜桃| 少妇人妻无码精品视频app| 最近2019中文字幕一页二页| 色综合久久精品中文字幕首页| 日韩亚洲变态另类中文| 无码视频在线播放一二三区| 国产精品无码国模私拍视频| 免费无码成人AV在线播放不卡| 亚洲国产精品无码久久久蜜芽| 国产综合无码一区二区辣椒| 中文字幕人成乱码在线观看| 最近中文字幕免费mv在线视频 | 日韩免费码中文在线观看 | 色综合久久精品中文字幕首页| 色噜噜狠狠成人中文综合| 国产 亚洲 中文在线 字幕| 中文字幕亚洲码在线| 最近中文字幕在线中文视频| A最近中文在线| 亚洲中文字幕无码日韩| 亚洲精品无码午夜福利中文字幕| 狠狠躁天天躁中文字幕无码 | 久久久久久久久久久久中文字幕| 亚洲人成国产精品无码| 熟妇人妻中文字幕| 日韩中文字幕一区| 亚洲日本中文字幕天天更新| 日韩va中文字幕无码电影|