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

Business / Economy

ADB forecasts China 2016 growth at 6.5%

(Xinhua) Updated: 2016-03-31 10:01

BEIJING - China's economic growth will further ease to 6.5 percent in 2016 and 6.3 percent in 2017, the Asian Development Bank (ADB) predicted on Wednesday.

"Weak external demand and excess capacity in some sectors, on top of a shrinking labor force and rising wages, continue to induce a gradual decline in China's growth rate," said Shang-Jin Wei, ADB's chief economist, following publication of the bank's Asian Development Outlook 2016 report.

China's economy grew 6.9 percent year on year in 2015, its lowest annual expansion in a quarter of a century.

"Supply-side reforms, including improving labor market flexibility, are needed to improve the economy's resilience to negative shocks and raise its potential growth," Wei added.

The sharp slowdown in investment, particularly in real estate and capital-intensive industries, will remain a drag on the economy, but this will be partly offset by further government spending on infrastructure and green investment, according to the report.

The ADB said key risks include weakening global demand, volatility in financial markets, and another dip in global commodity prices, among others.

Domestically, a weakening of consumer sentiment and a rise in bad bank loans would undermine economic performance, it added.

"The national government's more gradual approach to reducing production capacity, and its encouragement of mergers rather than bankruptcies in state companies, is helping to avoid a more extreme fallout from rebalancing the economy," the report said.

China has set an economic growth rate target of 6.5 to 7 percent in 2016, with an average annual growth rate of at least 6.5 percent through 2020.

Hot Topics

Editor's Picks
...
阿瓦提县| 保靖县| 恩施市| 潮安县| 韶关市| 泰顺县| 永和县| 丘北县| 安义县| 澳门| 扶沟县| 成武县| 康保县| 巴南区| 大安市| 资阳市| 奉贤区| 达孜县| 濉溪县| 建水县| 洮南市| 德保县| 化隆| 兖州市| 黄大仙区| 东莞市| 昌吉市| 丰县| 铜梁县| 女性| 东海县| 龙门县| 紫云| 巴林右旗| 两当县| 三河市| 五指山市| 黄龙县| 囊谦县| 油尖旺区| 汤原县|