Wednesday, January 27, 2016

People s daily adjusting tool also has a lot of China s economy will not be

People's daily: adjusting tool also has a lot of China's economy will not be a

Photo: vision China

The beginning of the year, especially eye-catching in the annual report of China's economy: in 2015, China's economic growth rate is still as high as 6.9%! An overall stable and steadily into the well, stability of China's economy, to boost the world's economy is strong.

6.9% speed is slightly lower than in the past, but on the global coordinates, the Chinese economy is a standard "high rich handsome"-

Growth pace. Global economic growth last year of more than 6% economy, only China and India, and India's economy only China 1/5. Depth of Wenzhou manufacturing industry not yet

Increase is considerable. Initial accounts in 2015, GDP of 67.6708 trillion yuan, economic output was 25 years ago, more than 10 times economic increment of about 630 billion dollars, equivalent to the global top 20 per cent of a country's total GDP for the year. At the recent Davos World Economic Forum, Forum founder Klaus Schwab said, "China's GDP increase of the 6.9% equivalent of Switzerland's GDP for the year. "

Quality is much better. Tertiary industry accounted for 50.5%, the contribution of consumption to GDP is above 60%, science and technology progress contribution rate from 50.9% in 2010 to 2015, 55.1%, optimize the economic structure. Meanwhile, employment stability, prices are moderate, steady growth of income. This shows that economic growth "gold content" continues to increase.

UPS and downs, volatility in the international market in 2015, China remains the world's economic "power" and "Ballast"-

Dynamic foot consumption abroad. UnionPay card for overseas consumption in China last year more than 1.1 trillion yuan, an increase of 30%.

Foreign investment is growing faster. In 2015, China's domestic investors accumulated foreign investment of 735.08 billion yuan, an increase of 14.7%. Especially in transport, power, communications, equipment manufacturing foreign direct investment is huge.

Commodity imports feet. In 2015, China imported iron ore of 953 million tons, an increase of 2.2%; 334 million tons of crude oil, an increase of 8.8% soybean imports are growing by more than 44%. Famous Bank of America Merrill Lynch, noted in a recent report, with only China's economy, cannot make the global recession, and China would not promote the decrease in oil prices, because the sharp decline in China's imports of crude oil does not appear.

More importantly, China's growth for the world economy to expand "new space". "Along the way" construction and implementation, the establishment of Asia investment banking, providing new opportunities for international cooperation. Commerce Department data show that in 2015, China's enterprises "along the way" related to the 49 countries direct investment totals US $ 14.82 billion, an increase of 18.2%, 12.6% per cent of total foreign direct investment. Last year, the agreement has been signed with more than 20 countries cooperation capacity, initially covering Asia, Africa, Latin America, Europe, the international cooperation capacity layout, led China and the common development of all countries in the world, created a new model of North-South and South-South cooperation.

A conservative estimate, China's economic contribution to the world economy in over 25%, while overseas investment analysis, 2015 global growth is 3.1%, China 1.3%.

"Thirteen-Five" new steps forward, China will still be released into the world full of "positive energy"-

"Positive energy" from further reform. Reform ushered in the "camp changed by" full implementation of the first year, nearly 600 billion yuan is expected to relieve the tax burden of enterprises a year; reform of science and technology will further enhance the driving force of innovation, reform of household registration system will open up the urban and rural development space ... ... Supply side structural reform to achieve economic development and benefit the overall increase, the Chinese economy successfully towards the "double high".

"Positive energy" from the policy dividend. Overall progress on trade facilitation, "along the way", Beijing, Tianjin and Hebei coordinated development, the Yangtze River economic belt construction to accelerate the implementation of the policy, will break the barriers, providing new paths, new space for international cooperation.

"Positive energy" from controlling intelligence. In recent years, despite the downward pressure, but we did not make a strong stimulus relied mainly on reform to enhance the economic vitality, which stabilized the economy, also left a space for further regulation, Chinese innovation Toolbox tools there are a lot of macro-control policies. Once the economy shows a reasonable interval of slide may be, we have enough capacity to cope with, the Chinese economy will not be a "hard landing".

Long vistas far. China's economic potential for toughness, foot, leeway characteristics have not changed, well supported Foundation for sustainable growth and conditions have not changed, structure adjustment and optimization of the situation does not change, economic development long term fundamentals have not changed for the better. These factors and a variety of "positive energy" mix, conveys to the world the Chinese confidence that China can maintain rapid economic growth, will continue to be important engines of global economic growth must continue steady Zhiyuan.

Source: people's daily

Original title: China is still the world's economic "power source"

Last updated: 01/28 09:27

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