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

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

China: Sustaining growth amid challenges

cctv.com | Updated: 2013-03-28 09:21

Despite the much-talked-about slowdown, the China growth story is still an enviable and impressive one. But after years of heady growth, the country now faces critical challenges on multiple fronts. For Chinese policymakers - sustainability is now the name of the game.

Get Flash Player

China's GDP has grown at an average annual rate of 9.3 percent over the past five years, to make it the second largest economy in the world.

Zhu Haibin, chief China economist of JP Morgan, said, "It's probably the biggest event in the global economy in the past few years, that China has surpassed Japan to become the second biggest economy. The market widely expected that in 10 or 15 years, that China will also surpass US to become the biggest economy in the world. "

Achieving the targeted growth rate is not an easy task. The global economic slowdown dragged down external demand, denting China's export sector.

CCTV reporter Guan Xin said, "To cope with the external headwinds, China is striving to stimulate domestic demand. Its vast consumer market is considered the engine for future growth. This also benefits overseas' investors. Meanwhile, China's outbound investment is growing at a rapid pace, helping create productivity and employment in other countries."

The country's new leadership is confident of achieving growth of 7.5 percent over the next decade by further boosting domestic demand, reform, and innovation.

Xu Sitao, chief China rep. of The Economist Group, said, "It's a fact that the old model is not working. China is now a middle income country. So the cost structure is completely different. Therefore China must rely on domestic-led growth - mainly private consumption. At the same time, we must accept slower but better quality growth."

But a big concern now is the environmental cost of economic growth. Pollution, smog, and a costly dependence on energy have forced the country to change its development pattern.

Wang Fengying, general manager of Great Wall Motors, said, "This year the government work report highlights green, recycling and low carbon agendas. These will all have a far-reaching impact on the auto industry. We feel that we should increase spending in R&D and innovation in the core technology of energy saving and reducing emissions."

Instead of pursuing unrestrained GDP growth, the country is now aiming for long-term sustainable growth, and contributing to world economic stability.

Most Viewed in 24 Hours
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
略阳县| 永吉县| 庄浪县| 开阳县| 肥城市| 根河市| 彭州市| 梅河口市| 南和县| 石阡县| 贵溪市| 特克斯县| 中江县| 双牌县| 东城区| 鄂州市| 特克斯县| 鱼台县| 板桥市| 肥西县| 武山县| 龙泉市| 南部县| 汽车| 东平县| 丹巴县| 克拉玛依市| 荥经县| 伊宁市| 萝北县| 金门县| 四会市| 宁南县| 高雄县| 扎鲁特旗| 郸城县| 渝中区| 肃北| 静海县| 乡宁县| 同江市|