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

Risks still facing the economy

By Xin Zhiming and Wang Yanfei (China Daily) Updated: 2016-07-27 07:44

Risks still facing the economy

A technician checks a train's air conditioning system to make sure it works well amid hot summer days, in a railway maintenance workshop in Zhengzhou, capital of Central China's Henan province, July 25, 2016. [Photo/Xinhua]

Expansion continues to experience heavy downward pressure, key Party meeting told

China's economic growth still faces heavy downward pressure, a meeting of the Political Bureau of the Communist Party of China Central Committee presided over by General Secretary Xi Jinping heard on Tuesday.

There are "some risks and potential threats that deserve high attention", the gathering decided.

Participants agreed that in the second half of this year, the nation should continue to press ahead with supply-side structural reform, Xinhua News Agency reported.

The report also said a proactive fiscal policy and prudent monetary policy would be adopted, and various taxes and fees lowered to anchor economic growth and resolve potential financial risks.

The meeting also decided that reform of State-owned enterprises and financial sectors should be deepened, which is the key to the country's efforts to cut excessive production capacity.

Efforts should also be made to push urbanization in an orderly manner and help farmers to settle in cities to encourage consumption and address the economy's weak points.

Labor market flexibility should be increased, asset bubbles reduced and taxes cut to reduce overall economic costs, according to the Xinhua report.

Policymakers should guide market expectations of the economy properly by adopting stable macroeconomic policies and should improve public confidence in the country's development through implementing major reform measures, it was decided.

Private investment should be encouraged and a level playing field created for all types of enterprises, the report said.

According to a report by economists at investment bank UBS, China's economic growth momentum could soften in the second half. But policy support will be intensified in an attempt to anchor growth, they said.

Liang Haiming, chief economist at Beijing-based think tank the China Silk Road iValley Research Institute, said, "China faces great pressure from the economic downturn."

Xi said that despite the economic challenges it faces, China has made some headway in economic restructuring and fostering new growth engines duing another meeting on Monday.

Meanwhile, the State Council released a guideline on Tuesday on reform of State-owned enterprises.

This requires control of some key industries concerning national security and the country's "economic lifeline" to be strengthened.

Hot Topics

Editor's Picks
...
奉化市| 临沂市| 榆树市| 含山县| 勃利县| 黎城县| 洛川县| 十堰市| 兴安盟| 康马县| 宁国市| 都安| 古蔺县| 宜阳县| 镇沅| 成都市| 西丰县| 吉隆县| 徐汇区| 姚安县| 黄浦区| 射洪县| 舟山市| 周至县| 瑞安市| 青川县| 娱乐| 泰安市| 乐都县| 北票市| 三亚市| 武邑县| 建始县| 延长县| 五寨县| 封丘县| 九寨沟县| 当涂县| 德保县| 察隅县| 甘孜|