• <tr id="yyy80"></tr>
  • <sup id="yyy80"></sup>
  • <tfoot id="yyy80"><noscript id="yyy80"></noscript></tfoot>
  • 99热精品在线国产_美女午夜性视频免费_国产精品国产高清国产av_av欧美777_自拍偷自拍亚洲精品老妇_亚洲熟女精品中文字幕_www日本黄色视频网_国产精品野战在线观看 ?

    Slowly and Gradually

    2010-12-27 09:47:31ByYUSHUJUN
    Beijing Review 2010年31期

    By YU SHUJUN

    Slowly and Gradually

    By YU SHUJUN

    In the wake of the fi nancial crisis, any signs of a slowdown will trigger fears. China, although its economy has resumed double-digit growth, is no exception. China’s fi rst-half economic figures released in mid-July show its GDP grew 10.3 percent year on year in the second quarter, a considerable deceleration compared with the 11.9 percent in the fi rst quarter. This has upset many investors who are pinning hopes on China’s robust growth,as the EU debt crisis lingers and the U.S. unemployment rate remains high.

    But this slowdown is no reason to panic. A slower pace of economic growth is natural and needed when the country is seeking economic restructuring and sustainable growth. In fact,the year-on-year GDP growth in the second quarter slackened as expected. Statistically, this growth rate is calculated on a yearly basis. The country’s economy began rebounding since the second quarter of last year, providing a relatively higher base.Meanwhile, tough measures to curb the surging house prices adopted in April weakened housing-related economic activities.

    The slowdown is also partly resulted from the government’s energy-saving and emissions-reduction efforts. Its measures to control excessive growth of high energy-consuming industries,including limiting the number of new projects, eliminating outdated capacities and removing export tax rebates, put a brake on the growth speed of the industrial sector, with industrial output growth falling sharply from 16.5 percent in May to 13.7 percent in June.

    The reduced pace is considered timely and helpful in cooling the economy. Many economists believe the strong performance in the fi rst quarter was close to overheating. If the economy kept expanding at the same rate, runaway inflation would become inevitable.

    The slowing tendency may continue in the second half of this year and next due to external uncertainties and the ending of the two-year 4-trillion-yuan ($586-billion) stimulus package that began in 2009.

    More importantly, economic restructuring efforts will gradually take their toll on the growth speed. Traditional laborintensive, resource-consuming industries, which have propped up high-speed growth, are suffering from rising labor and other production costs. But that’s the transition China’s economy should undergo to achieve sustainable growth.

    遵义县| 邵东县| 登封市| 衡阳市| 普洱| 三台县| 屯门区| 钟山县| 甘洛县| 靖远县| 凌海市| 自治县| 宁波市| 安图县| 荥阳市| 铜山县| 安顺市| 类乌齐县| 汝阳县| 苏尼特左旗| 武汉市| 咸宁市| 贵德县| 福清市| 宜宾市| 延川县| 赤城县| 遂昌县| 布尔津县| 灵璧县| 临沧市| 油尖旺区| 石棉县| 郎溪县| 司法| 马尔康县| 本溪市| 通许县| 南靖县| 赣州市| 前郭尔|