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 / View

Growth with quality

(China Daily) Updated: 2012-12-21 07:05

After the annual Central Economic Work Conference that concluded over the weekend set the tone for quality and efficiency-oriented national economic growth next year, Vice-Premier Li Keqiang on Wednesday reiterated such a policy shift and called for renewed efforts to push for its implementation.

At Wednesday's meeting on social and economic development and reform, Li put particular emphasis on economic quality and efficiency, adding that there is competition among some regions for a higher rate of growth. He called for realistic economic development, noting that growth in the gross domestic product which does not benefit ordinary people is pointless. China's economy in the future should seek coordinated development among energy, resources and the environment.

Li's remarks are another example of China's determination to focus on the quality rather than the sheer quantity of economic growth.

Such a shift is particularly important as China's economic growth over the past decades has largely been built on an extensive economic development model. This helped the country become the world's second-largest economy in 2010, but at the cost of its deteriorating environment and the depletion of some natural resources.

The quantity-prioritized economic model with investment and exports as the main drivers of growth has also hampered the country's efforts to develop itself into a consumption-led economy.

Due to its lack of core technologies and innovative capabilities, China's manufacturing sector, once called the "world's workshop", is expected to face gloomier prospects amid fierce international competition, especially as the United States and other developed economies accelerate their reindustrialization strategies.

Decelerating exports in the context of feeble external demand have also posed a severe challenge to how China will cope with looming overproduction in some industries. Without changing its investment and export-driven economic model, China will find it difficult to sustain its growth and avoid the "middle-income trap".

That the government has refrained from launching a new round of stimulus despite the slowdown in growth over the past year has already demonstrated the change in its development approach.

The unambiguous message Li emphasized on the pursuit of higher-quality economic growth and greater efficiency and the steps the authorities are taking in urbanization and restructuring will help China realize a much-needed economic transformation.

 

Related Stories

China targets quality, efficient growth in 2013

Chinese leaders' goals rational and realistic, US experts say

Transition to sustainable growth

China to firmly promote economic reforms, opening-up

WB raises China's 2013 growth estimate to 8.4%

Hot Topics

Editor's Picks
...
佛坪县| 桃源县| 右玉县| 临颍县| 沙雅县| 大姚县| 历史| 赞皇县| 五峰| 乌鲁木齐县| 南平市| 清流县| 宁城县| 九龙城区| 哈巴河县| 遂宁市| 星子县| 延寿县| 恭城| 海丰县| 虎林市| 太保市| 云浮市| 辽阳市| 瓮安县| 广丰县| 泽普县| 神农架林区| 嘉荫县| 新龙县| 调兵山市| 嵩明县| 肇州县| 青神县| 鞍山市| 揭东县| 综艺| 绥宁县| 阿瓦提县| 赣州市| 什邡市|