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

Opinion / Op-Ed Contributors

Signs suggest force of Chinese consumers is now awakening

By Zhu Qiwen (China Daily) Updated: 2016-01-07 08:24

Other such signs include that the 4 trillion yuan that Chinese consumers spent online last year to purchase all kinds of goods from domestic and international retailers and the one-fifth jump, to 120 million, in the number of Chinese tourists who have travelled overseas in 2015.

It is true that all these consumption-led growth stories happened in a year when the Chinese economy probably saw the slowest growth in about a quarter century. As the world's second-largest economy is shifting away from its decades-old dependence on investment and exports for growth, many industrial sectors with serious overcapacity or significant exposure to the turmoil of global markets have felt the pain of China's necessary economic transformation towards more self-sustaining growth driven by consumption and innovation.

The latest Caixin/Markit China Manufacturing Purchasing Managers' Index index fell from 48.6 in November to 48.2 in December, indicating that Chinese manufacturing had contracted for 10 straight months.

It is a real cause for concern that China's traditional growth engines are losing steam and becoming a drag on the country's overall economic growth. But it is not a sufficient reason to cast doubt on the long-term prospects of the Chinese economy, particularly given the increasing signs that Chinese consumers are awakening and their spending is taking up the slack created by these cooling industrial sectors.

In terms of per capita GDP and their preference for saving over spending, Chinese consumers still fall far behind their counterparts in developed countries and can only contribute to a smaller share of their country's overall economic growth. Yet, with their incomes continuously rising, Chinese consumers are showing they are more eager than ever to spend.

But before China's consumption-led growth someday becomes the leading story for global media, let's first wait to see how far Chinese moviegoers can move The Force Awakens up the all-time global box office charts.

The author is a senior writer with China Daily.

zhuqiwen@chinadaily.com.cn

Previous Page 1 2 Next Page

...
鹿邑县| 疏附县| 宁明县| 信丰县| 多伦县| 甘孜县| 金坛市| 峨眉山市| 许昌县| 启东市| 芦山县| 方山县| 乐山市| 邢台市| 安陆市| 民丰县| 兴城市| 大渡口区| 沁源县| 兖州市| 江达县| 徐州市| 治县。| 思南县| 玉树县| 北安市| 平乐县| 施秉县| 承德市| 青田县| 资溪县| 衡山县| 沙坪坝区| 武威市| 平泉县| 扎赉特旗| 闸北区| 友谊县| 康平县| 玉环县| 庐江县|