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

China / View

Steady Chinese economic growth benefits the world

(China Daily) Updated: 2017-03-06 07:58

For those who monitor the Chinese economy, it is not surprising that its growth rate has slowed in recent years, given its restructuring and reform efforts, and the difficult external economic environment.

Yet, despite this, they will be aware that it has remained one of the main engines for the global economy.

The Government Work Report, delivered by Premier Li Keqiang on Sunday, summed up the hard-won achievements China made last year and the role the country has played in boosting global growth, which, despit its own slower whole-year GDP growth of 6.7 percent, was still more than 30 percent. To put that in perspective, by comparison, the contribution of the United States was about 16 percent last year.

However, China's contribution to the world economy is not only its own reasonably high economic growth rate, but also its restructuring and reform efforts.

For example, its current account surplus to GDP ratio has fallen from 10 percent to 3 percent over the past decade, indicating important headway has been made in rebalancing its foreign trade and domestic economic activities.

And, last year, China's consumption contributed 64.6 percent to its GDP growth, an unmistakable sign of the progress it is making in restructuring its economy, a task which Li described as being like the "struggle from chrysalis to butterfly".

China cut 65 million tons of excessive steel production capacity last year and 290 million tons of coal production capacity, boosting efforts to cut the global production glut. Li vowed on Sunday to further cut the country's excessive steel and coal production capacity this year while maintaining GDP growth at around 6.5 percent.

As well as helping to achieve the nation's goal of building a moderately prosperous society in all respects by 2020, the target will help steer and steady expectations while the country continues to press ahead with reform. For despite facing a more complicated and graver external situation, China will continue to work toward a deeper and higher level of opening-up.

In this spirit, Li said the country will further open up its economy to foreign investors and join hands with other countries to promote free trade. In particular, it will resolutely oppose protectionism in its different forms and push ahead with the Belt and Road Initiative by accelerating the building of overland economic corridors and maritime cooperation hubs along the ancient Silk Road routes.

In reaffirming the Chinese economy remains resilient and on the right track, the Government Work Report was good news not only for China but also the world.

Highlights
Hot Topics

...
南城县| 赣榆县| 阿巴嘎旗| 光泽县| 晋江市| 会理县| 康定县| 连州市| 商水县| 如东县| 杭锦旗| 兰州市| 云阳县| 高唐县| 怀仁县| 黄陵县| 麻城市| 五大连池市| 玉环县| 侯马市| 富平县| 东山县| 台中县| 枣阳市| 任丘市| 鹤山市| 蛟河市| 简阳市| 洪洞县| 云安县| 介休市| 方城县| 沙湾县| 永嘉县| 察隅县| 彰武县| 邵阳县| 长武县| 土默特左旗| 雅江县| 门源|