日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Make me your Homepage
left corner left corner
China Daily Website

Consumers hold the key to growth

Updated: 2012-12-13 09:36
By Chen Jia (China Daily)

Consumers hold the key to growth

Over the next 10 years, consumption will overtake investment to become the most powerful engine of China's economy.[Photo/?China Daily]


China's economic expansion will depend on domestic demand maintaining 7 to 8 percent growth year-on-year in the next decade, as exports may see single-digit growth in the long term amid the dim global outlook, Bank of China said on Wednesday.

Consumers hold the key to growth

Consumption, combined with investment, will boost the world's second-largest economy by 8 percent in 2013, with a slight rebound of inflation to 3 percent, according to the report, released on Wednesday.

Over the next 10 years, consumption will overtake investment to become the most powerful engine of China's economy, supported by the "income-doubling plan" until 2020 presented at the 18th National Congress of the Communist Party of China in November.

In order to achieve the ambitious plan, the annual average growth of urban and rural per capita income will need to be as high as 7.18 percent, and "it is achievable", the report said.

"By the year 2020, the annual total consumption value is likely to reach $10 trillion, and China will become the world's largest consumption market after 10 years," said Song Liang, deputy head of the international finance research institute under Bank of China.

At that time, consumption will account for 60 percent of GDP, 12 percentage points higher than that in 2012, while investment will decline to 39 percent from 48 percent last year, the report said.

The bank predicted that total retail sales of consumer goods will increase by 14.5 percent next year from 2012.

Another recent forecast made by by the State Information Center, a government think tank, said that consumption in 2013 may grow at 14.6 percent, and the year-on-year increase of total retail sales this year is expected to be 14.2 percent.

According to the information center, China's exports will increase at a slow pace next year - about 8 percent - and import growth may be 7.8 percent.

"The increasing importance of consumption will provide impetus for economic restructuring in the future," said Cao Yuanzheng, chief economist with Bank of China.

The government's macroeconomic policy is expected to generally remain stable over the next year, Cao said. "The fiscal measure is better to be more proactive while the monetary policy can be slightly eased," he said.

"There is nearly no room for future lowering of commercial bank interest rates in 2013. Total lending is likely to be 8.5 trillion yuan ($1.36 trillion), with a 14 percent growth of the broad money supply," Cao said.

The central bank may cut the reserve requirement ratio one or two times next year, based on the changing situation of its counterparts in foreign exchange reserves, Cao said.

chenjia1@chinadaily.com.cn

?

Special Coverage

Consumers hold the key to growth

 

Feeling the Pulse of China's Economy

 

 

Related Readings

Double drivers for economy
'China should further boost consumption'
Domestic consumption assumes importance to China's economy
China plans slower growth in domestic consumption
Hu vows to boost domestic demand
Demand increase a sign for economic growth
Domestic demand engine for growth

 

 
 
...
主站蜘蛛池模板: 国产伊人av | 久久久综合久久久 | 伊人国产精品 | 卡一卡二av| 五月婷婷伊人网 | 国产精品久久免费 | 亚洲成人黄色影院 | 免费看毛片网站 | 国产极品少妇 | 国偷自拍第113页 | 伊人中文字幕 | 亚洲精品www久久久久久 | 天天做天天爽 | 91在线网| 国产天堂在线观看 | 精品一区二区三区日韩 | 人人草人人看 | 红桃av在线| 欧美国产另类 | 欧美视频一二三 | 天天操天天摸天天干 | 日日噜| 日韩成人在线免费视频 | 亚洲一区二区三区免费观看 | 麻豆黄网 | 蜜臀久久99精品久久久久久 | 超碰久热| 免费古装一级淫片潘金莲 | 男人的天堂成人 | 国产精品人成在线观看免费 | 欧美日本激情 | 国产一二三视频 | 亚洲女同一区二区 | 亚洲操操操 | 91传媒在线观看 | 欧美日韩视频免费观看 | 一级片高清 | 欧美一级做性受免费大片免费 | 欧美一区二区三区免费看 | 四虎网站最新网址 | 欧美一区二区在线播放 |