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
China
Home / China / View

Better GDP growth rebuts 'China collapse' theory

China Daily | Updated: 2014-04-19 07:32

Official data show that China's GDP grew 7.4 percent year on year in the first quarter, 0.3 percentage point lower than the pace in the previous three months.

No sooner did Chinese statistical authorities release the figures than some merchants of doom pointed at the slowdown and whipped up a new round of gloom-mongering over the future of the world's second largest economy.

But their claims that China's economic impetus is fizzling out and that the Asian giant is headed for an economic hard-landing are baseless and misleading.

For starters, despite heavy downward pressure, China's pace of growth in the first quarter still exceeds the 7.3 percent market estimation and belongs to the top echelon across the world, especially among the major emerging economies.

Factoring in Beijing's strong-willed and game-changing endeavors in economic restructuring, the 7.4-percent rate remains within the reasonable range, an issue that has been emphasized by Premier Li Keqiang on different occasions.

After all, it is natural for an economy to decelerate during structural adjustment, and the results of a better-structured economy and a more balanced growth pattern will make the downtick worthwhile.

As a matter of fact, most economic observers and pundits worldwide remain sanguine about China's economy. Their optimism is perceptive and well-founded.

China's efforts to boost domestic consumption have begun to pay off. As a manifestation of the increasingly large role of consumption spending, the household final consumption expenditure accounted for 64.9 percent of GDP in the first quarter.

In another sign of the great growth potential of the Chinese economy, official figures show that in the first three months traditional industries such as steel and cement were outpaced by high-tech industries, which constitute a pillar of future growth with mounting significance.

Meanwhile, with business activity picking up, China's endogenous power of economic growth has gradually recovered. Employment is also improving, and foreign trade is making a turn for the better as the recovery of European and US economies takes root.

After more than three decades of rapid economic growth, the Chinese government and public have both realized that pursuing growth at all costs is not good at all.

What China really needs is not an economy expanding at a blistering pace but one that grows in a sustainable and healthy manner at a reasonable and steady speed. And China is getting just that.

So now is the time to bet on China, not to short it.

Xinhua

Editor's picks
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
宜丰县| 临沧市| 丘北县| 曲麻莱县| 八宿县| 楚雄市| 西峡县| 蛟河市| 敦化市| 屏边| 云阳县| 永兴县| 全椒县| 治多县| 竹溪县| 满城县| 汨罗市| 兴和县| 宁远县| 甘孜| 平远县| 广西| 赣州市| 息烽县| 唐山市| 沂水县| 习水县| 景宁| 绥棱县| 娄底市| 葵青区| 克山县| 绥德县| 肃宁县| 江都市| 灵山县| 玉田县| 杭锦后旗| 全南县| 孟津县| 崇信县|