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

US EUROPE AFRICA ASIA 中文
Business / Economy

Middle class buying power fails to grow in China

(Agencies) Updated: 2015-03-03 07:48

Middle class buying power fails to grow in China

Potential buyers examine gold items at a jewelry store in Xuchang, Henan province. China's consumption growth is likely to witness a slowdown in 2015.[Provided to China Daily]

The nation is not importing things the way it used to. January imports plunged about 20 percent in dollar terms from a year earlier, caused in part by falling commodity prices-China is a big buyer-and the drag of a slowing economy on corporate spending.

Exports were not pretty either, having fallen 3.3 percent last month. "Domestic demand in China remains very weak, especially in the two most important types of imports: raw commodities and capital goods," wrote Louis Kuijs, chief China economist at Royal Bank of Scotland Plc.

A report suggests that a deeper problem lies ahead for multinational companies betting on China sales to drive global growth: The buying power of China's middle class is not expanding as quickly as many anticipated. That is pulling down overall per capita consumption growth, which dropped from 8.5 percent in 2009 to 7.1 percent now. The trend is likely to continue.

"We expect a clear if not disastrous slowdown in China's consumption growth in 2015," wrote Ernan Cui, an analyst at Beijing-based researcher GavekalDragonomics, in a report released earlier in February.

"The hit to consumption growth will come from the more gradual, but very real, slowdown in earnings of the middle-income households."

How can that be? China's urbanization policies were designed to bring hundreds of millions of people from farms to the cities over the next decade in an effort to unleash a surge of consumption greater than any the world has seen.

The urbanization boom was heralded by analysts, academics and even by China's top leaders. "China has much room for urban, suburban, and regional development and domestic demand has huge potential," said Premier Li Keqiang on Jan 21 at the World Economic Forum in Davos, Switzerland. "Domestic demand will keep improving and bring even greater development for the world."

That process, along with a slowdown in investment growth, is supposed to boost China's household consumption from its very low level of just 34 percent of the economy at present, well below the 50 percent to 60 percent common to most major economies.

By 2022, according to McKinsey China, the country could have a middle class of 630 million or more, accounting for 78 percent of urban households, up from 68 percent in 2012 and 4 percent in 2000.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 精品综合久久 | 97av超碰 | 狠狠的操 | 在线黄av| 成年人免费小视频 | 99国产精品一区二区 | 男人的天堂a在线 | 久久这里有 | 最近中文字幕在线视频 | 日本aⅴ在线| 久久综合伊人77777蜜臀 | 日韩欧美一区二区三区久久婷婷 | 最新中文字幕在线观看 | 亚洲色图图片 | 亚洲黄色网页 | 久草免费在线视频观看 | 日日躁夜夜躁白天躁晚上躁91 | 一区二区三区在线免费视频 | 九九操| 一区二区精彩视频 | 欧美一区久久 | 成年人免费看毛片 | 91精品国产综合久久久蜜臀九色 | 特级黄色网| 国产视频aaa | 怡红院一区 | 国产人妖一区二区 | 日韩av一区二区三区在线观看 | 午夜特片网 | 国产精品久久久久久久久久久久久久久 | 黄色高清在线观看 | 日韩欧美在线中文字幕 | 日本亲子乱子伦xxxx50路 | 欧美激情一区二区三区 | 91网站免费视频 | 久久一区精品 | 四虎国产在线 | 欧美精品一二区 | 亚洲欧美另类视频 | 欧美又粗又深又猛又爽啪啪九色 | 99视频一区 |