国内英语资讯:Economic Watch: Chinas growth outlook positive despite uncertainties

雕龙文库 分享 时间: 收藏本文

国内英语资讯:Economic Watch: Chinas growth outlook positive despite uncertainties

BEIJING, May 26 -- Many economists believe that despite downward pressure and uncertainties, China's economic outlook remains bright.

To assess economic performance, growth is not the only barometer, quality, structure, momentum and room for growth should also be take into consideration, according to an article carried by the People's Daily on Friday, under the byline of Guo Tongxin from the National Bureau of Statistics (NBS).

"A slowdown of some economic indicators such as trade growth has intensified downward pressure for China when the economy is already facing growing uncertainties due to deflation, financial supervision and real estate regulation risks," said Jiang Chao with Haitong Securities.

A number of Chinese economists believe that the economy stabilizing is an "irreversible" trend and that the country is capable of maintaining medium-high growth for a long time to come as many economic indicators have been positive this year.

China's gross domestic product grew 6.9 percent in the first quarter of this year, 0.2 percentage points higher than the same period last year and 0.1 percentage point higher than last quarter.

It is the seventh consecutive quarter for China to keep economic growth between 6.7 and 6.9 percent, a good example of its economic stability.

"The quality of growth was also optimized in terms of employment, consumer prices and personal income," Guo said.

Some 4.65 million new jobs were created in China in the first four months of the year, 220,000 higher than the same period last year, according to NBS spokesperson Xing Zhihong, who described China's employment situation as "good and stable."

The consumer price index increased 1.4 percent in the first four months of the year, well below the government target of around 3 percent for the year.

Chinese people's per capita real disposable income, after inflation, increased 7 percent in the first quarter, outpacing the GDP growth rate of 6.9 percent in the period.

In the first four months, supply-side structural reform was pushed forward as effort in cutting overcapacity, reducing inventory, deleveraging, lowering costs and strengthening weak links made fresh progress.

As of the end of April, 31.7 million tonnes of steel and iron capacity and 68.97 million tonnes of coal capacity had been cut, accounting for 63.4 percent and 46 percent of their annual goals separately.

In terms of floor area, property inventory fell 7.2 percent in the first four months, larger than the 6.4-percent decline in the same period last year.

The leverage ratio of large industrial companies stood at 56.2 percent by the end of March, down 0.7 percentage points year on year. Meanwhile, the average cost for those companies was 85.25 yuan (12.4 U.S. dollars) for each 100 yuan of main business revenue, down 0.15 yuan from the same period last year.

To strengthen weak links, investment in environmental protection, public facilities and water resources management increased by 50.4 percent, 28.4 percent and 16.1 percent respectively in the first four months, all higher than the average investment growth rate.

"While China's economic structure is improving, new momentum is also gathering," Guo said.

As a significant growth driver, consumption contributed to 77.2 percent of GDP increase in the first quarter.

The service sector as a whole rose 7.7 percent year on year in the first quarter, faster than the 3-percent increase in agriculture and 6.4 percent in the secondary industry. It accounted for 56.5 percent of the overall economy.

Economic vitality is also being stimulated by new technology, urbanization, entrepreneurship and a burgeoning share economy, according to Guo.

China is also steadily pushing forward the Belt and Road Initiative, coordinated development of the Beijing-Tianjin-Hebei region as well as programs related to the Yangtze River economic belt and the Xiongan New Area, which Guo believes will provide ample growth.

The latest data reinforces views that a stabilizing economy will give policymakers more scope to contain debt and financial risks.

Many economists believe that China has laid a solid foundation to realize its full-year economic target of around 6.5-percent growth. E

BEIJING, May 26 -- Many economists believe that despite downward pressure and uncertainties, China's economic outlook remains bright.

To assess economic performance, growth is not the only barometer, quality, structure, momentum and room for growth should also be take into consideration, according to an article carried by the People's Daily on Friday, under the byline of Guo Tongxin from the National Bureau of Statistics (NBS).

"A slowdown of some economic indicators such as trade growth has intensified downward pressure for China when the economy is already facing growing uncertainties due to deflation, financial supervision and real estate regulation risks," said Jiang Chao with Haitong Securities.

A number of Chinese economists believe that the economy stabilizing is an "irreversible" trend and that the country is capable of maintaining medium-high growth for a long time to come as many economic indicators have been positive this year.

China's gross domestic product grew 6.9 percent in the first quarter of this year, 0.2 percentage points higher than the same period last year and 0.1 percentage point higher than last quarter.

It is the seventh consecutive quarter for China to keep economic growth between 6.7 and 6.9 percent, a good example of its economic stability.

"The quality of growth was also optimized in terms of employment, consumer prices and personal income," Guo said.

Some 4.65 million new jobs were created in China in the first four months of the year, 220,000 higher than the same period last year, according to NBS spokesperson Xing Zhihong, who described China's employment situation as "good and stable."

The consumer price index increased 1.4 percent in the first four months of the year, well below the government target of around 3 percent for the year.

Chinese people's per capita real disposable income, after inflation, increased 7 percent in the first quarter, outpacing the GDP growth rate of 6.9 percent in the period.

In the first four months, supply-side structural reform was pushed forward as effort in cutting overcapacity, reducing inventory, deleveraging, lowering costs and strengthening weak links made fresh progress.

As of the end of April, 31.7 million tonnes of steel and iron capacity and 68.97 million tonnes of coal capacity had been cut, accounting for 63.4 percent and 46 percent of their annual goals separately.

In terms of floor area, property inventory fell 7.2 percent in the first four months, larger than the 6.4-percent decline in the same period last year.

The leverage ratio of large industrial companies stood at 56.2 percent by the end of March, down 0.7 percentage points year on year. Meanwhile, the average cost for those companies was 85.25 yuan (12.4 U.S. dollars) for each 100 yuan of main business revenue, down 0.15 yuan from the same period last year.

To strengthen weak links, investment in environmental protection, public facilities and water resources management increased by 50.4 percent, 28.4 percent and 16.1 percent respectively in the first four months, all higher than the average investment growth rate.

"While China's economic structure is improving, new momentum is also gathering," Guo said.

As a significant growth driver, consumption contributed to 77.2 percent of GDP increase in the first quarter.

The service sector as a whole rose 7.7 percent year on year in the first quarter, faster than the 3-percent increase in agriculture and 6.4 percent in the secondary industry. It accounted for 56.5 percent of the overall economy.

Economic vitality is also being stimulated by new technology, urbanization, entrepreneurship and a burgeoning share economy, according to Guo.

China is also steadily pushing forward the Belt and Road Initiative, coordinated development of the Beijing-Tianjin-Hebei region as well as programs related to the Yangtze River economic belt and the Xiongan New Area, which Guo believes will provide ample growth.

The latest data reinforces views that a stabilizing economy will give policymakers more scope to contain debt and financial risks.

Many economists believe that China has laid a solid foundation to realize its full-year economic target of around 6.5-percent growth. E

信息流广告 网络推广 周易 易经 代理招生 二手车 网络营销 招生代理 旅游攻略 非物质文化遗产 查字典 精雕图 戏曲下载 抖音代运营 易学网 互联网资讯 成语 成语故事 诗词 工商注册 注册公司 抖音带货 云南旅游网 网络游戏 代理记账 短视频运营 在线题库 国学网 知识产权 抖音运营 雕龙客 雕塑 奇石 散文 自学教程 常用文书 河北生活网 好书推荐 游戏攻略 心理测试 石家庄人才网 考研真题 汉语知识 心理咨询 手游安卓版下载 兴趣爱好 网络知识 十大品牌排行榜 商标交易 单机游戏下载 短视频代运营 宝宝起名 范文网 电商设计 免费发布信息 服装服饰 律师咨询 搜救犬 Chat GPT中文版 经典范文 优质范文 工作总结 二手车估价 实用范文 爱采购代运营 古诗词 衡水人才网 石家庄点痣 养花 名酒回收 石家庄代理记账 女士发型 搜搜作文 石家庄人才网 铜雕 词典 围棋 chatGPT 读后感 玄机派 企业服务 法律咨询 chatGPT国内版 chatGPT官网 励志名言 河北代理记账公司 文玩 朋友圈文案 语料库 游戏推荐 男士发型 高考作文 PS修图 儿童文学 买车咨询 工作计划 礼品厂 舟舟培训 IT教程 手机游戏推荐排行榜 暖通,电采暖, 女性健康 苗木供应 主题模板 短视频培训 优秀个人博客 包装网 创业赚钱 养生 民间借贷律师 绿色软件 安卓手机游戏 手机软件下载 手机游戏下载 单机游戏大全 免费软件下载 网赚 手游下载 游戏盒子 职业培训 资格考试 成语大全 英语培训 艺术培训 少儿培训 苗木网 雕塑网 好玩的手机游戏推荐 汉语词典 中国机械网 美文欣赏 红楼梦 道德经 网站转让 鲜花 社区团购 社区电商