|
CHINA> National
![]() |
|
China economy 'slowing but resilient' - HSBC report
(Xinhua)
Updated: 2008-09-03 22:58 BEIJING - China's economy will maintain strong growth thanks to resilient investment and exports and the government's strong fiscal position, an HSBC report said on Wednesday. Fixed-asset investment will remain resilient despite the sluggish property sector because there is still plenty of room for more investment in infrastructure such as mass transit networks, said the global banking group in "China Economic Spotlight". For example, only 15 of 660 cities in China have or are building subway systems. Export growth eased to 22.7 percent year-on-year in the first seven months of 2008 from 28.7 percent a year earlier. "China's exports to the United States and European Union are expected to dip further in coming quarters, but exports to other global emerging markets should remain strong, providing a floor to the slowing but still resilient export sector," said the report. The government, which is still in a good fiscal position, can prevent growth from slowing below 8 percent to 9 percent by boosting spending or cutting taxes, it noted. Government revenues grew 32.4 percent in 2007. China's economic growth decelerated in the past three quarters, from 11.3 percent in the last quarter of 2007 to 10.6 percent in the first quarter of 2008 and 10.1 percent in the second quarter. |
扎鲁特旗| 枞阳县| 和政县| 绥德县| 剑河县| 灵川县| 罗山县| 漠河县| 靖州| 松潘县| 梁山县| 延吉市| 民丰县| 宜昌市| 阿巴嘎旗| 临夏县| 滨州市| 巨鹿县| 五指山市| 政和县| 乌鲁木齐市| 沙河市| 新蔡县| 黔西| 邵阳县| 灵寿县| 新丰县| 连南| 宜丰县| 韩城市| 朝阳市| 通城县| 大荔县| 克什克腾旗| 嘉禾县| 甘孜| 吴江市| 永福县| 清涧县| 临漳县| 垦利县|