国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

WB predicts 8.4% growth for China

By WEI TIAN in Boao, Hainan and ZHANG YUWEI in New York (China Daily) Updated: 2013-01-17 00:20

"As a developing country and a transitional economy, China certainly faces many challenges to tap into this potential," Lin said at a business forum on the Chinese economy at the New York Stock Exchange.

CASS' He said the Chinese government now attaches more importance to stability than it does to a rapid pace of economic expansion.

"In the long term, we could never again see an accommodative global environment as it was during the 1990s," he said, adding that while external conditions deteriorate, growth on foreign trade will shift to urbanization.

"Globalization lifted productivity via a detailed labor division, and urbanization can do the very same," he said.

"For example, in large cities, a simple hairdressing industry can be divided into specialties for women, kids, and even dogs... Every market segment is large enough for an entire industry. Urbanization can be a major source of innovation," he added.

"China's urbanization will be the biggest opportunity for the global economy in the first half of the 21st century," He said, citing a quote from Josef Stiglitz, a Nobel laureate in economics.

But the transition won't be easy "in the urbanization process. There won't be a Wal-Mart categorizing orders, or a UPS delivering goods. We are on our own".

He suggested infrastructure should be a priority in urbanization, and such infrastructure involves a better legal environment and marketing network, rather than building airports and railways.

"It will not only be a reform of the economy, but a reform of the management system as well," he said. Such measures include less approval procedures, more sectors open for private investments, and innovative financing channels targeting small and medium-sized enterprises, he added.

Lin, the former World Bank official, said that among the challenges China faces are income disparity and corruption, which combined could produce social tension, and the need to exert discipline in tackling these problems.

But the new Chinese leadership understands these challenges, Lin said.

Contact the writers at weitian@chinadaily.com.cn and yuweizhang@chinadailyusa.com

 

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
蕲春县| 茂名市| 安宁市| 大名县| 吉林省| 淄博市| 安义县| 响水县| 呼伦贝尔市| 东安县| 鱼台县| 宝应县| 伊宁县| 湄潭县| 双牌县| 临汾市| 留坝县| 长乐市| 长岭县| 古浪县| 佛冈县| 阿拉善右旗| 南宫市| 揭西县| 阿尔山市| 毕节市| 沂水县| 邢台市| 上思县| 忻州市| 禹州市| 宁武县| 苍梧县| 锡林郭勒盟| 台山市| 晋州市| 松阳县| 东源县| 卓尼县| 兰溪市| 内黄县|