国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Macro

New finance chief 'to speed up fiscal reform'

By WEI TIAN | China Daily | Updated: 2013-03-20 00:09

At the same time Li called for more fiscal expenditure to improve people's livelihoods, and stricter supervision of public spending on government operations.

Although China's public revenue expanded from 5.1 trillion yuan ($820.6 billion) to 11.7 trillion yuan over the past five years, Lou's first task after he took the post was to tighten his belt.

Facing the rising demands on public expenditure, Lou's previous statements suggested that he would attach more importance to areas such as building the social security system.

Central government spending accounts for 20 percent of China's public expenditure, while the average level of member countries of the Organization for Economic Cooperation and Development was 46 percent in 2009.

Xie Yaxuan, a macroeconomics analyst with China Merchants Securities, said Lou's move involves restructuring the relationship between central and local governments, and will be the key element of China's fiscal reform over the next five to 10 years.

"But this is also where most of the resistance is, so however determined he is, it is still unknown whether he could succeed," Xie said.

As for measures to boost the economy, Lou said investment would still play a key role in driving growth before China's demographic bonus fades away.

He said investment, especially in infrastructure, would account for a large part of domestic consumption in the coming years, in order to accumulate enough wealth and avoid China "aging before it becomes wealthy".

"When it comes to economic transformation, investors would think of less investment and more consumption. But with Lou's appointment, this process may be longer than we thought," Xie said.

 

weitian@chinadaily.com.cn

 

Related Readings

China's fiscal policy over past 5 years

Fiscal revenue grows slower in first 2 months

China to continue fiscal, monetary policy

Slowdown bites into China's 2012 fiscal revenues

 

 

 

Previous Page 1 2 Next Page

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
长武县| 资阳市| 贺州市| 瑞丽市| 米易县| 邓州市| 新巴尔虎左旗| 天峨县| 泌阳县| 杭锦旗| 通道| 色达县| 上蔡县| 五寨县| 盐池县| 保靖县| 侯马市| 西昌市| 瑞安市| 察雅县| 孟州市| 深水埗区| 错那县| 天长市| 平利县| 平潭县| 延安市| 洞头县| 靖西县| 阜康市| 张家港市| 遵义县| 孝义市| 蒙城县| 湄潭县| 阜平县| 庆云县| 河池市| 玛沁县| 龙胜| 潞城市|