Arab Today, arab today chinas new growth engine taking shape
Last Updated : GMT 19:53:43
Arab Today, arab today
Arab Today, arab today

China's new growth engine taking shape

Arab Today, arab today

Arab Today, arab today China's new growth engine taking shape

Ginger city snaps into shape
Beijing - XINHUA

China's economy has enormous potential, and new growth engines are taking shape thanks to reform and pro-growth measures, a senior economist said Saturday.

The Chinese economy is faced with significant downward pressure and a complex economic environment both in China and abroad, Li Wei, head of the Development Research Center of the State Council, a top government think tank, told a forum in Beijing.

Deepening reform measures carried out in the past two years are delivering benefits and unleashing development momentum for the economy, Li said.

In the meantime, entrepreneurship and innovation have unlocked people's creativity and entrepreneurial passion, which are becoming an engine to power economic growth, he said.

China has a labor force of 900 million and over 7 million college graduates every year, with a growing number becoming entrepreneurs and joining innovation industries.

Li also said China is undergoing new types of industrialization, urbanization and agricultural modernization, which all serve to generate strong domestic demand.

The Chinese economy, which had a gross domestic product of 10 trillion U.S. dollars in 2014, is slowing down to what is officially called the "new normal."

The government has rolled out a raft of bold reform measures and pro-growth policies, aiming to relieve the downward pressure.

In a speech at Summer Davos in the port city of Dalian on Thursday, Premier Li Keqiang said China's new economic growth areas are rapidly taking shape and China's economic structure is quickly improving.

The service sector already accounts for half of China's GDP, and consumption contributes 60 percent to growth. Consumer demand for information, cultural and health products, and tourism are booming, the premier said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinas new growth engine taking shape Arab Today, arab today chinas new growth engine taking shape

 



Arab Today, arab today
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday