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

Opinion / Op-Ed Contributors

Better help consumers do the heavy lifting

By ZHU QIWEN (China Daily) Updated: 2016-03-10 08:41

Better help consumers do the heavy lifting

Tourists select cosmetics at Sanya Haitang Bay International Shopping Mall.[Photo by Huang Yiming / China Daily]

To turn domestic consumption into an engine powerful enough to make up for the slack of other growth drivers, lawmakers and policymakers should make full use of the ongoing session of the National People's Congress, China's top legislature, to boost and meet consumers' upgraded demand for quality goods and services.

The increasing importance of consumer-led growth has become more manifest than ever with Premier Li Keqiang announcing on March 5 that the country's growth target for 2016 is between 6.5 and 7 percent and that for the years up to 2020 is 6.5 on average. Since China's twin growth engines of exports and fixed-asset investment are unlikely to deliver as much as they used to in the face of growing global headwinds and the economic transformation at home, only consumption-led growth has the potential to rise rapidly to keep the world's second-largest economy on the track to achieve those growth goals.

China's ascent as a global trading power since the turn of this century made double-digit export growth a key propeller for its GDP growth. But the failure of the world economy to rebound strongly from the 2008 global financial crisis has increasingly darkened the prospects for global trade growth.

According to the Organization for Economic Cooperation and Development, global trade shrank significantly in 2015 as exports fell by 11.3 percent and imports by 13.0 percent. Worse, all G20 economies saw declines in both imports and exports last year.

Under such circumstances, it would be unrealistic for China to pin much hope on the illusive growth potential of the trade sector. In fact, latest statistics show the country's exports in February suffered the worst fall since May 2009 and foreign trade in the first two months was 12.6 percent lower year-on-year at 3.31 trillion yuan ($508.75 billion).

Previous Page 1 2 Next Page

...
额尔古纳市| 安溪县| 黄石市| 蓬溪县| 长武县| 息烽县| 册亨县| 保靖县| 仪征市| 朔州市| 中卫市| 古蔺县| 当涂县| 沽源县| 泸水县| 广饶县| 怀安县| 镇雄县| 定远县| 甘德县| 红安县| 林西县| 北海市| 清水河县| 金塔县| 湖北省| 辛集市| 垫江县| 穆棱市| 合川市| 天镇县| 衡南县| 温泉县| 金湖县| 平江县| 台湾省| 伊春市| 武城县| 合作市| 阿荣旗| 云和县|