Arab Today, arab today 2014 key to china\s economic reform
Last Updated : GMT 01:38:25
Arab Today, arab today
Arab Today, arab today

2014 key to China\'s economic reform

Arab Today, arab today

Arab Today, arab today 2014 key to China\'s economic reform

Beijing - XINHUA

Foreign analysts say this year could be a turning point for the China as the country's leaders continue to push for reform and a rebalancing of its economy. Since the release of the action plan for air pollution prevention and control in last September, central and local governments have started to ease surpluses in production capacity and achieved tangible results. Some organizations said local authorities had shown determination to promote structural adjustment, with 22 provinces recently cutting their GDP growth targets, which could inevitably hinder the national economy's growth rate. "Reform and growth have apparent contradictions, China has to sacrifice part of its growth to implement reform policies," Xu Sitao, chief representative of the Economist Group in China told Xinhua on the sidelines of a round table discussion on the economics that will affect China and the world in 2014, held in Beijing Tuesday. "The Economist Intelligence Unit predicted that China's economy growth would slow down to 7.2 percent, not maintain 7.5 percent," he said, adding "Chinese leaders's tolerance of the slowdown demonstrated their determination for reform." Slowing the pace was not bad, said Stephen Roach, senior fellow at Yale University's Jackson Institute for Global Affairs in an article. With the development of the service sector, China's economy could meet more employment needs with slower economic growth, as its service sector required about 30 percent more jobs per unit of GDP than manufacturing and construction, he said. Echoing his view, Michael Andrew, the Global Chair of KPMG, pointed out China was on track to transform from an export-oriented economy to a service and domestic demand-oriented one, which was good for both rebalancing in China's and global markets. Zhu Haibin, JP Morgan's China chief economist, predicted China would focus its main efforts on reforms in administration, finance and the fiscal sector in 2014, saying the effect of reforms in the short term depended on both the sequence and pace of the implementation of policies. In a word, China's economy is faced currently with weak exports, over capacity, debt risk and spillover effects from the U.S. QE tapering. However, it also enjoys mild inflation, stable employment and a clear reform strategy which provide the proper timing for reform

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 2014 key to china\s economic reform Arab Today, arab today 2014 key to china\s economic reform

 



Arab Today, arab today
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
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 Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
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

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced

GMT 05:29 2017 Tuesday ,21 February

Sovereign funds pulled $38bn from markets in 2016

GMT 05:15 2017 Tuesday ,21 February

Gold firms as markets await Trump tax plans

GMT 04:58 2017 Tuesday ,21 February

EU, IMF in ‘common position’ on Greece crisis
View News in Arabic - Business: نفط وبتروكيماويات
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 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
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 Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

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