party leads chinas economy into bright future
Last Updated : GMT 03:07:18
Arab Today, arab today
Arab Today, arab today

Party leads China's economy into bright future

Arab Today, arab today

Arab Today, arab today Party leads China's economy into bright future

The Communist Party of China (CPC)
Beijing - XINHUA

Xinhua published a commentary on Thursday on China's economic performance in the first seven months under the leadership of the Communist Party of China (CPC).
The Chinese economy has risen from sluggish at the beginning of the year to healthy mid-year, the article said. Achievements include stable growth, various reforms, faster economic transformation and upgrading, and improved social policies.
The global economy has been weak and there has been pressure on the Chinese economy, but the leadership has helped the economy gain stability.
In the first quarter exports dropped and growth was at its lowest in six quarters. There was talk of hard-landings, explosions of financial risks, slow reforms or even collapse.
"Chinese leaders are sober about the economy both at home and across the world. The Chinese government knew that it must maintain a certain economic growth rate on the one hand, and make reforms on the other, and it must strike a delicate balance between the two," said Jim Yong Kim, President of the World Bank.
On April 25, President Xi Jinping chaired a meeting on economic performance in the first quarter and sent a strong signal on stability: continued progress while maintaining stable macro policies. In the first seven months, Premier Li Keqiang has chaired 23 executive meetings of the State Council. After all the efforts, data for the second quarter improved slightly, alleviating some worries.
On monetary policies, Xi has stressed targeted controls, deeper reforms and economic restructuring.
The central bank has cut the targeted reserve requirement ratio (RRR) to channel more funds into small enterprises and agriculture.
In the first half year, Li chaired five meetings discussing business fund raising. From June to July, several organizations, including the central bank and the China Banking Regulatory Commission, issued policies to support small enterprises.
Xi, on many occasions, has spoken of "growth mode transformation" and restructuring. In 2014, China aims to eliminate 27 million tonnes of steel production capacity, slash 42 million tonnes from cement production and cut glass output by 35 million tonnes. The service sector accounted 46.6 percent of GDP in the first half, after its output exceeded that of the industrial sector for the first time in 2013.
Xi chaired three meetings on reform in the first half and a guideline at the end of July reformed the household registration (hukou) system which has divided the nation into rural and urban populations since the 1950s. Other reforms have occurred in banking, state-owned enterprises and fiscal systems and the government has been streamlining its relationship with the market by canceling or decentralizing administrative approval.
The government will put reform at the center of our agenda... and invigorate the inner motivation and energy of the market, Xi said at a meeting on July 29.
The article concluded that, with further reform, under a Party headed by Xi, the economy will strike a healthy balance between reform and development.

arabstoday
arabstoday

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*

party leads chinas economy into bright future party leads chinas economy into bright future

 



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*

party leads chinas economy into bright future party leads chinas economy into bright future

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Europe turns on Facebook, Google

GMT 02:26 2017 Monday ,20 November

Europe turns on Facebook, Google
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Mona Abdel Ghany increased artistic activities

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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