日本无限资源_福禄影院午夜伦_美国av毛片_亚洲自拍在线观看_激情亚洲一区国产精品_999久久久久

Economic Watch: China signals greater focus on economic stability

Source: Xinhua| 2018-08-01 16:32:37|Editor: ZX
Video PlayerClose

BEIJING, Aug. 1 (Xinhua) -- A key meeting has signaled that China will put more focus on maintaining the stability of the economy in the second half of this year amid external uncertainties.

China will keep its economy on a stable and healthy development track with proactive fiscal policies and prudent monetary policies in the second half, according to a meeting of the Political Bureau of the Communist Party of China (CPC) Central Committee on Tuesday.

With a robust growth of 6.8 percent for the Chinese economy in the first half, the policy tone set by the CPC meeting will make sure that the country achieves its annual growth target of around 6.5 percent, economists believe.

STABILITY: KEY THEME

China's economy maintained steady growth with good momentum in the first half. However, "the economy faces some new problems and challenges, and the external environment has changed notably," said a statement released after the meeting.

It said, "efforts should be made to keep employment, the financial sector, foreign trade, foreign and domestic investments, and expectations stable."

China's GDP growth has stayed within the range of 6.7 to 6.9 percent for 12 straight quarters. But a slight weakening was spotted in June in industrial output and investment, and worries have been on the rise that escalating trade tensions could bite into the economy in the future.

"The whole meeting sent a message that the country will move proactively to cope with changes. Stability will be the key policy tone and theme of the economic work in the second half," said Wang Jun, chief economist of the Zhongyuan Bank.

Policy makers have already announced a basket of pro-growth policies from targeted lending to tax breaks.

China's cabinet last week decided to roll out a 65-billion-yuan (nearly 10 billion U.S. dollars) tax cut to encourage businesses to spend more on R&D, on top of an initial goal of cutting taxes and fees by 1.1 trillion yuan this year.

Fiscal policy should play a bigger role in expanding domestic demand and structural adjustments, according to the CPC meeting. It also pledged to maintain control over the floodgates of monetary supply and keep liquidity at a reasonable and ample level.

REFORM: SOURCE OF VIGOR

While external pressure increases, the vitality of the market could be boosted by further domestic structural reform and opening up.

Supply-side structural reform should be pushed forward, according to the CPC meeting. Strengthening areas of weakness should be taken as an important task in the reform, it said.

Zhang Yansheng, the chief researcher with China Center for International Economic Exchanges, believes new investment demand should be formed in such "weak areas" as innovation, green development, and social welfare.

In reducing industrial capacity, another major front of the structural reform, "some deep-rooted problems should be solved, including disposing zombie firms and improving corporate efficiency," Wang said.

Li Zuojun, deputy director of the resources and environment policy institute of the Development Research Center of the State Council, highlighted reforms in areas including state-owned enterprises and land systems, which have both profound influence and quick effects.

Wang Hongju with the Chinese Academy of Social Sciences (CASS) called for more rapid implementation of opening up policies.

"Reforms in government services, property protection, market access, prices of production factors, and industrial policies will help China form new global competitiveness," he said.

SUPPORTIVE FINANCE, CURB ON PROPERTY

Policymakers aim to accomplish the dual-task of taming financial risks and promoting the sector to play a more significant role in bolstering the real economy, in particular, cash-hungry private and small businesses.

"China must better combine the task of forestalling and defusing financial risks with serving the real economy," according to the meeting.

Despite progress in risk control and deleveraging in the first half, the financing difficulties for private and small firms still lingered, and a reasonable liquidity level is needed, said Zeng Gang, a financial researcher with CASS.

Analysts believe more efforts are required to precisely channel the capital into weak areas and prevent it from turning into hot money for the home or equity markets.

Meanwhile, authorities showed firm resolve in regulating the property market. The CPC meeting said "rises in home prices should be firmly curbed," and that the establishment of a long-term mechanism to promote the stable and healthy development of the property market should be accelerated.

Housing prices in major Chinese cities were stable in June due to property controls. However, structural problems remained as several third- and fourth-tier cities have experienced price spikes since the year's start.

"The meeting demonstrated the central leadership's confidence and determination in resolving the problems in the property market," said Ni Pengfei with CASS.

KEY WORDS: Economic Watch
EXPLORE XINHUANET
010020070750000000000000011100001373615981
主站蜘蛛池模板: 国精产品一区二区 | 日韩天码| 成人.comx8 | 91精产国品一二三区在线观看 | 国产精品粉嫩av | 偷窥目拍性综合图区 | 国产一级又黄 | 色视频免费观看 | 欧美日韩高清一区 | 丝袜中出制服人妻美腿 | 国产最新精品 | 巜被社长侵犯的人2中文在线 | 性中国videossexo另类 | 性生交大片免费看图片 | 四虎免费入口 | 又黄又爽又色视频 | 全免费观看一级 | 亚洲av日韩av成人av | 91成人入口 | 成人黄色视频免费观看 | 精品中文字幕一区 | 婷婷五月六月激情综合色中文字幕 | 精品国产一区二区三区香蕉事 | 欧美特黄一级视频 | 啪啪黄色片 | 99精品免费视频 | 一级日本 | 久久综合成人网 | 香蕉视频久久久 | 久操av在线播放 | 亚洲av永久无码精品国产精品 | 天天操天天干天天曰 | 精品久久久久久久久久软件 | 99久久人妻无码精品系列蜜桃 | 国产精品xxx在线观看 | 乱人伦中文字幕无码 | 夜色资源ye321在线观看 | 一区二区欧洲三区 | 高清毛片在线观看 | 色哟哟国产精品免费观看 | 亚洲伊人色欲综合网 |