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

Reform blueprint highlights quality, efficiency

(Xinhua) Updated: 2014-01-10 09:51

BEIJING - After a series of key conferences on the economy last year, China's reform framework and crucial areas have been hammered out clearly.

As senior leaders have repeatedly emphasized, China will focus more on innovation, the quality and efficiency of the economy than pure gross domestic product (GDP) expansion and economic growth acceleration.

This meant China could sacrifice its high growth rate to gain the fruits of structural reform, analysts said, noting the country had showed its determination in dealing with challenges.

China should avoid focusing simply on economic growth targets, which were considered part of the traditional planned economy and ran contrary to the new leadership's stated intention of letting the market play a "decisive role," Stephen Roach, senior fellow at Yale University's Jackson Institute for Global Affairs, said.

The leadership in fact has been seeking to downplay a specific GDP number, proposing a "rational scope of economic operation" instead, which means that the macro-control measures are aimed at a "rational sector" that is constantly changing with China's potential growth rate.

"Any model that predicts China's future GDP growth must include, if it is to be valid, a variable that reflects estimates of the amount of hidden losses buried in the banks' balance sheets," Michael Pettis, professor at Peking University's Guanghua School of Management, wrote on his blog.

"If it does not, it cannot possibly be a valid model to describe China's economy, and its predictions are useless," he said.

At the same time, diluting the importance of the GDP indicator signaled the central government is beginning to lay emphasis on the quality of the economy in a bid to realize a delicate balance between growth and adjustment.

Roach said "slower GDP is actually good for China, provided that reflects the long-awaited structural transformation of the world's most dynamic economy."

"A re-balanced China can grow more slowly for one simple reason: By drawing increased support from services-led consumer demand, China's new model will embrace a more labor-intensive growth recipe," he said.

"The numbers seem to bear that out. China's services sector requires about 35 percent more jobs per unit of GDP than do manufacturing and construction - the primary drivers of the old model," Roach explained.

Nobel laureate Joseph Stigilitz called for correctly unscrambling China's slowdown, saying "China will stay the course on sustainable growth (despite deceleration)..." and this benefits not only China, but also the world for the long term.

...
...
桦甸市| 南靖县| 郴州市| 防城港市| 宾阳县| 宁乡县| 无棣县| 武夷山市| 诸城市| 鹰潭市| 舒兰市| 富蕴县| 绥阳县| 奉节县| 桐城市| 房山区| 县级市| 湖口县| 辽阳县| 台江县| 安吉县| 承德市| 全州县| 涿鹿县| 定安县| 磴口县| 从江县| 北票市| 黄平县| 六安市| 江油市| 滦南县| 乐平市| 曲靖市| 鄂温| 滕州市| 马关县| 固安县| 九江市| 达州市| 大埔区|