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Analysis of the Eastern Coastal Region's Economic Operation and Policy Options (No 99, 2015)
2015-08-10
By Long Haibo, General Office of DRC
Research Report No 99, 2015(Total 4784)
Abstract:
From January to May 2015, the eastern coastal region experienced a smooth economic growth, but the growth rate gradually leveled off with signs of deceleration and major economic indicators showed tangible difference. On one hand, some positive factors and emerging forces are gathering momentum, structural adjustments are effectively promoted, and transformation and upgrading have produced initial results. On the other hand, the economic performance is burdened with worries and increasing uncertainties such as sagging market demand, increased difficulties for small and medium-sized enterprises, insufficient confidence for enterprises to make investment, an uncertain development trend for real estate market and remaining financial risks. Generally speaking, the whole picture of downward economic trend has not turned around, and conditions for a robust economic growth are still inadequate. It is predicted that the economic growth will stand at 7% with a smooth performance throughout the year, but it is difficult to achieve the expected growth of 7.5%. It is suggested that we should adopt flexible policies, guide market expectations in a positive manner, effectively expand domestic demand, intensify efforts to upgrade and improve the quality and efficiency of growth and relentlessly unleash market vitality so as to ensure that the economy operates within a proper range.
