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

Consumption set to gradually rise

Updated: 2011-07-14 09:16

By Tang Zhihao (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

Experts say better welfare system would lead to increased spending

SHANGHAI - China's household consumption rate will rise gradually, and experts said the government should improve the welfare system to increase consumers' willingness to spend.

According to the National Bureau of Statistics, first-half retail sales reached 8.58 trillion yuan ($1.33 trillion), up 16.8 percent from last year.

Consumption set to gradually rise

Figures from JP Morgan suggest that the consumption growth rate in the first quarter accounted for 60.2 percent of gross domestic product growth, up from 47.6 percent in the fourth quarter of 2009.

"It suggests China is moving to a consumption-oriented economy, which will allow policymakers to consider more consumption-stimulating policies and welfare reform to achieve a soft landing of the economy," said Jing Ulrich, JPMorgan Chase & Co's managing director and chairman of global markets for China. "The consumption-to-GDP ratio will increase in the future."

China has long promoted an economic overhaul, seeking a balance between exports and an investment-oriented economy and a consumer-based economy that would allow it to reduce reliance on international markets.

The government spent 4 trillion yuan to boost domestic consumption in the past three years, as well as to increase investment in high-speed rail and other infrastructure construction.

The government also recently raised the personal income tax threshold to 3500 yuan from 2000 yuan to increase disposable incomes.

However, experts said the government should not be the only factor in the market working to increase consumption. Individuals should be the main factor in boosting domestic consumption.

Chen Wei, an expert from the Institute of Economics of the Shanghai Academy of Social Science, said the government should encourage individuals to spend more by improving welfare policies.

"The large population in China means there is huge potential for consumption. However, the relatively weak welfare system makes people afraid to spend. They are worried about having enough to maintain their standard of living in the event of a sudden change, such as illness," said Chen.

Chen also suggested that the government should devote more attention to manufacturers that target the overseas market.

"For a certain period, the economy will remain rely on income from exports. The financial condition of manufacturing companies will directly affect workers' welfare, and it should not be ignored," said Chen.

Chen said a blanket policy that stops people from buying property might not be good for economic growth or improving the welfare system.

"Land income is one of the main streams of income for local governments, so a tighter policy might reduce government income and affect government expenditure plans for welfare," said Chen.

"The government should continue to promote affordable housing, but for those willing to buy high-end property, it should be allowed."

主站蜘蛛池模板: 制服丝袜亚洲色图 | 精品国产一区二区三区久久久蜜月 | 99爱国产| 日韩欧美国产高清 | 亚洲日本中文字幕在线 | 超碰动漫 | 欧美综合在线观看 | 久久一区二区视频 | 二区三区在线观看 | 国产男女无套免费网站 | 日韩在线视频网站 | 亚瑟av在线 | 日本wwwwww | 欧美有码在线 | 欧美爱爱视频 | 午夜久久久久久久久久影院 | 亚洲免费视频网站 | 国产毛片视频 | 欧美激情综合网 | 成年人在线播放视频 | 亚洲免费高清视频 | 亚洲天堂一区在线 | 精品国产乱码 | 日韩精品一线二线三线 | 国产内谢 | 日本极品少妇 | 国产九九| 久久综合桃花网 | 美女福利在线 | 国产一区二区成人 | 国产二区视频在线观看 | 99国产精品一区 | 成人h网站 | 日本不卡高字幕在线2019 | 佐佐木明希av | 亚洲黄色在线播放 | 一级黄色a级片 | 日韩美女久久 | 亚洲啪啪网站 | 综合久久婷婷 | 久操视频在线免费观看 |