• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    Foreign Media Pay Attention To Li Keqiang'S Pmission Of Confidence To The World

    2015/9/5 12:13:00 18

    Li KeqiangChina'S EconomyConfidence

    In recent decades, China has presented a dazzling economic catch up, characterized by a steady increase in labour productivity.

    More and more people are moving from rural areas to cities, looking for jobs in industry and service sectors.

    Productivity has also been boosted by government reform and the market is becoming more liberalized.

    The process is still far from over, but further productivity gains will be milder.

    The official Xinhua news agency quoted Li Keqiang, premier of the State Council of China, as saying: "China's economic operation is in a reasonable range and economic growth is at the forefront of the world".

    According to the British Sunday times August 30th, Li Keqiang made the speech at an official meeting in August 28th.

    He stressed that the measures adopted by the Chinese government to stabilize the market are "constantly emerging".

    Canada's globe and Mail website published the 28 issue on August, entitled "no reason to panic in China, just caution".

    The writer is Michael Menhat, chief economist of reinsurance group in Munich, Germany.

    The article says that some people are issuing a warning that China will collapse. Others think it is hysterical.

    The estimate of China's economy is almost the same as that of China's stock market.

    But we should listen to two points.

    The article argues that the sharp drop in the rate of economic growth is still far away from China, and that the slower growth rate may not necessarily lead to global disaster.

    According to the Bundesbank, the German Federal Bank estimates that in the next two years, if China's real domestic demand is lower than the expected figure by 9%, then Germany's gross domestic product (GDP) will drop by about 0.3%.

    The article says that the world is becoming more and more sensitive to risks.

    The volatility of the global stock market is a clear reflection of this.

    China's hard landing, the sudden sharp decline in economic growth, will bring serious consequences to the global economy.

    Over the past five years, China's contribution to global economic growth has reached nearly 30%.

    The contribution rate of investment to China's economic growth still stands at nearly 50%.

    But now, Beijing hopes to reduce its dependence on investment - indeed, it must do so, because the mode of investment dependence is unsustainable.

    On the contrary, it leads to overcapacity and wrong investment direction.

    To cope with this, the government wants to promote personal consumption, which leads to an increase in wage expenditure and reduces the competitiveness of exports (another pillar of the Chinese model).

    The accompanying slowdown is not only unexpected but also intentional.

    The article says, but this is only part of the story.

    The exciting growth of China always has the potential to create disturbances and setbacks.

    Take real estate as an example: massive investment in the residential market is a major driving force for economic prosperity.

    At the same time, the entire uninhabited ghost town is gaining popularity.

    Or look at the corporate debt problem.

    Corporate debt now accounts for more than 170% of China's GDP.

    Too much investment is obtained through credit.

    Finally, there is a recent dizzy stock market boom.

    All these problems are not new to Beijing or to the rest of the world.

    But the question is, what changes have taken place now?

    The article says that the most important pillar of the economic miracle seems to be shaking, a pillar of the world's confidence in the following abilities of the Chinese leadership, namely, the ability to manage the largest domestic economic pformation in the history while not causing any great destruction.

    No Western politician is believed to be able to face it.

    economic affairs

    The planned intervention can also help unswervingly promote prosperity and avoid crises.

    However, the people in the world used to have almost unlimited confidence in China that China's state capitalism will work.

    Undoubtedly, this is due to China's huge foreign exchange reserves, which can be used in emergencies and China's long-term success.

    However,

    Chinese government

    At present, it is in a dilemma.

    On the one hand, it wants to give the market bigger.

    Right of control

    Let the crisis slip away naturally.

    On the other hand, it intervened - as it has seen in dealing with the depreciation of the Renminbi or the sharp fall in share prices, and at the same time it shows that it does not always turn corruption into magic.

    The greater the intensity of state intervention is, the article says, the more doubts about the robustness of China's economy, and the increase in incidental effects.

    The depreciation of the renminbi is good news for exporters, but it also brings problems to Chinese enterprises.

    According to the bank for International Settlements, China's current corporate debt has exceeded US $1 trillion in US dollars.

    The article argues that there is no reason to panic that China will achieve 7% of the economic growth target this year, and that in the long run, it will become the world's largest economy.

    Caution, however, is also justified.

    The article said that perhaps the stock price is only a correction to the previous bubble.

    Even the Chinese economy will encounter mild setbacks and serious setbacks. Without smart economic policies, it can be avoided.


    • Related reading

    China'S Economy Sneezes And Chills Around Countries

    Macro economy
    |
    2015/9/5 10:52:00
    11

    China'S Economy: Keeping The Economy Running Smoothly In The Face Of Challenges

    Macro economy
    |
    2015/8/30 21:55:00
    19

    Macroeconomic Will Gradually Return To Stability

    Macro economy
    |
    2015/8/29 23:11:00
    17

    Market Turmoil Is Expected To Be At The Bottom Stage Of The Reform Of State-Owned Enterprises Into The Layout Of The Main Line.

    Macro economy
    |
    2015/8/28 15:53:00
    18

    Ministry Of Commerce: China'S Foreign Trade Development Will Face More Severe Situation.

    Macro economy
    |
    2015/8/20 10:53:00
    13
    Read the next article

    Beijing Can Ease The Core Function Of The Capital Or Achieve A Breakthrough In Unemployment Rate.

    Due to the adjustment of urban functions, industrial structure and the implementation of the core functions of non capital cities in Beijing, Beijing will strictly control the total population and the number of regular talents coming to Beijing will decrease year by year.

    主站蜘蛛池模板: 日本猛少妇色xxxxx猛交| 久久99九九国产免费看小说| 一级毛片在线播放| 老司机亚洲精品| 欧美成人免费午夜全| 国内精品第一页| 亚洲码在线中文在线观看| 91亚洲精品视频| 欧美成人另类人妖| 国产精品99久久久久久猫咪| 亚洲中文字幕在线无码一区二区| 一个人看的www免费高清中文字幕 一个人看的www免费高清中文字幕 | 日韩人妻无码一区二区三区| 国产成人一区二区三区高清| 亚洲白色白色永久观看| 91精品国产肉丝高跟在线| 欧美日韩一区二区在线视频| 国产精品亚洲精品日韩动图| 亚洲av无码一区二区乱孑伦as| 国产精品亚洲精品青青青| 日本高清不卡在线观看| 国产精品VA无码一区二区| 亚洲综合视频在线观看| 99久久99久久精品国产| 秋霞免费手机理论视频在线观看 | 久久青青草原综合伊人| 69视频在线观看免费| 欧美三级电影免费| 国产成人在线观看免费网站| 久久99热精品| 福利片一区二区| 国产美女久久精品香蕉69| 亚洲高清偷拍一区二区三区| wwwxxxx在线观看| 欧美精品亚洲精品日韩专区va | 直接观看黄网站免费视频| 在线二区人妖系列| 亚洲av无码一区二区乱孑伦as| 菠萝蜜视频在线观看| 女人自慰AA大片| 依依成人精品视频在线观看|