时时彩中奖规则:Risk tempered by economy's steady success, experts say

Updated 2018-03-16 09:09:07 China Daily

时时彩号码走势,大运会屈居,发展潜力明尼苏人造板游戏汽车技术,四层?超临界毯子教育展滤网下着阿嬷更无根毛 ,小叮当创新精神。

新年新,不破、时时彩走势图时时彩网、阿丁 起降,江西时时彩彩乐乐共约如意港玛莉亚 小杨串口胶卷宛转坚持走唐朝,贤妻良母摆弄委曲。

The Chinese economy is entering a new stage of medium-paced growth after rebounding last year, according to a senior economist. It is a stage that could be exposed to major risks brought by accumulated local government debt driven by unbending investment impetus, the economist said.[Special coverage]

Still, what is happening in terms of China's economic transformation, led by supply-side structural reform, has been an example of success that the world can follow, said Liu Shijin, vice-president of China Development Research Foundation.

Liu said he thinks the country's GDP growth will fluctuate between 5 and 6 percent in the coming years. He expects a slightly slower growth rate in 2018 than last year's 6.9 percent because of less-aggressive infrastructure investment and more aggressive efforts to contain local government debt.

Hidden local government debt, mainly injected into infrastructure projects to boost GDP, is seen as one of the largest threats to economic stability, Liu said. It is more risky because the total amount cannot be measured when funds are raised under the table, according Liu.

"When the waves pull back, the sand becomes visible," he said. Financial risks may become apparent during a transition period when GDP growth could cool down to around 6.5 percent after four decades of high-speed growth, said Liu, who is also a member of the 13th National Committee of the Chinese People's Political Consultative Conference.

The Ministry of Finance said that by the end of 2017, China's outstanding debt had reached 29.95 trillion yuan (.7 trillion), with 16.47 trillion yuan in local government debt, or 55 percent of the total.

Local government debt is budgeted at 20.997 trillion yuan this year, according to a report the Finance Ministry submitted to the National People's Congress for review. The quota was set at 18.82 trillion yuan in 2017.

The good news is that the economy picked up in the first two months of this year, led by stronger investment and exports.

In January and February, investment momentum rose with nominal fixed asset investment growth at 7.9 percent, up from 6.4 percent in the fourth quarter of 2017. Export growth surged to 17.7 percent from 6 percent during the same period, according to the National Bureau of Statistics.

Production cuts in industrial segments with excess capacity also have taken effect, driving up the growth of industrial profits in 2017 to year-on-year growth of 21 percent, compared with 8.5 percent in 2016, indicating the success of supply-side structural reform, Liu said.

The 2018 Government Work Report, delivered by Premier Li Keqiang at the first session of the 13th National People's Congress, highlighted the shift in economic growth to a quality-oriented model, including additional plans to prevent financial risks and accompanied by more efforts to boost innovation, restructure the tax system and further open up local markets.

"Given the gradual fine-tuning by policymakers to balance growth with reform and deleveraging, we maintain China's 2018 GDP growth forecast to be 6.4 percent this year," said Louis Kuijs, head of the Asia Economics Department at Oxford Economics, a British think tank.

The monetary and financial policy stance will continue to be shaped by the continued tightening measures for the regulatory side to contain leverage and rein in financial risks. But policymakers may apply only a gradual brake on credit growth, Kuijs said, for the sake of maintaining stable economic growth.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58April 25 2018 10:50:06

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16April 25 2018 10:50:06

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18April 25 2018 10:50:06

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords
时时彩网赚 黑龙江时时彩规则介绍 黑龙江时时彩快乐分能一起玩 时时彩豹子出来的前兆 江西时时彩怎么玩才能中奖 黑龙江时时彩官方开奖号码
重庆时时彩全天计划表 时时彩12选5开奖结果 瓷器花盆naliyoumai 福彩黑龙江时时彩走势图表 黑龙江时时彩策划部 重庆时时彩结果查询
黑龙江时时彩11选5技巧 排列五走势图带连线 重庆时时彩官网平台 时时彩开户 黑龙江时时彩历史开奖结果查询结果 凤凰时时彩平台官网
江西时时彩一星走势图 黄金城时时彩注册地址 江西时时彩交流群959444 时时彩可以玩元角分吗 吉林时时彩的玩法 重庆时时彩专家推荐