Arab Today, arab today progrowth economic initiatives announced in china
Last Updated : GMT 10:43:53
Arab Today, arab today
Arab Today, arab today

Pro-growth economic initiatives announced in China

Arab Today, arab today

Arab Today, arab today Pro-growth economic initiatives announced in China

Beijing - XINHUA

China announced a slew of pro-growth measures on Wednesday in what economists described as a targeted stimulus program, after a run of disappointing economic indicators raised concerns that economic growth in the first quarter might slip below the official target. At a State Council executive meeting presided over by Premier Li Keqiang, three major initiatives were announced, including tax breaks for small and micro enterprises, greater support for the redevelopment of run-down urban areas and more investment in railways. The measures came after a series of data points indicated weakened economic activity from January through March. Economists worry that if no fresh measures were rolled out, the overall economy could sink to an unacceptable level. "The economy now is like a decelerating car. If you take your foot off the throttle, it slows precipitously. But you also have to make sure that you don't gun it too hard," said Chen Hufei, a macroeconomic analyst with Bank of Communications. Analysts said the initiatives announced at the State Council meeting signaled that the leadership is eyeing a targeted stimulus while refraining from an all-out massive stimulus that would risk worsening debt and overcapacity. For example, the State Council said it is considering further measures to alleviate the tax burden on small and micro enterprises in an effort to stimulate the dynamics of this sector. The statement after the meeting said the State Council is "considering" lowering the threshold for enterprises eligible for favorable policy treatment, halving the taxable revenue of their corporate income tax. The current line is drawn at companies with an annual taxable revenue base of less than 60,000 yuan ($9,700). The statement did not say how much exactly the threshold would be lowered. The current tax policy was implemented at the beginning of 2012, with an effective period through the end of 2015. Wednesday's statement said the period will be extended one year, to end at the end of 2016. The State Council also announced reform measures to back up the urban redevelopment program for run-down areas, in an apparent effort to prop up investments. For the first time, the nation will establish a special institution under China Development Bank, a policy bank, to conduct independent accounting and empowered to issue special bonds to finance government-subsidized housing projects. Commercial banks, pension funds and insurance companies are encouraged to buy the bonds. China will also deepen investment reforms in the railway sector, according to the statement. Reform measures include the setup of a long-awaited railway development fund, more types of railway financing bonds and greater participation of private capital. Chen, the analyst, said both the redevelopment and railway investment reforms aim to boost fixed-asset investment, a key engine of the nation's growth. He noted that since the fourth quarter of 2013, railway investment has risen steadily in the government investment mix. "As property investment fell and the manufacturing sector was plagued by excessive capacity, investment in infrastructure became key for the central government," he said. Investment in property, manufacturing and infrastructure are the three major components of China's fixed-asset investment picture. Xie Yaxuan, head of macroeconomic research with China Merchants Securities, said the government intends to prop up the economy through reforms, rather than by the traditional means of eased monetary policy and progressive fiscal policy.

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 progrowth economic initiatives announced in china Arab Today, arab today progrowth economic initiatives announced in china

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
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 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 14:57 2017 Monday ,20 February

A giant initial public offering on track

GMT 14:50 2017 Monday ,20 February

Energy Market Research

GMT 09:38 2017 Monday ,20 February

Japan returns to trade deficit in January

GMT 07:16 2017 Monday ,20 February

Global arms trade highest since Cold War

GMT 06:10 2017 Monday ,20 February

Tourism shows signs of recovery in Egypt

GMT 05:45 2017 Monday ,20 February

Brexit U-turn ruled out by many in EU
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
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 Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

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 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
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