男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

chinadaily.com.cn
left corner left corner
China Daily Website

China needs to rebalance economy: economists

Updated: 2013-04-04 21:43
( Xinhua)

HONG KONG??-- China needs to continue to rebalance its economy and reduce dependence on exports to achieve sustainable development, an economist said on Thursday.

China cannot continue to depend on "overseas demand" for economic growth and needs to "shift away from reliance on exports of low value-added goods," Victor K. Fung, chairman of the Fung Global Institute, said at the ongoing annual conference of the Institute for New Economic Thinking (INET), which lasts from Thursday to Saturday.

China has no longer been the factory of the world because of higher production costs and has focused more on domestic consumption to boost economic growth, said Fung, who is also chairman of the Fung Group which comprises major subsidiaries in trading, logistics, distribution and retailing.

Due to the global economic turmoil and sluggish external demand, China's exports rose 7.9 percent year on year in 2012, slower than the 20.3 percent growth registered one year earlier.

"The alternative for China is China itself," Fung said, adding that the country needs to strengthen its service industry to speed up economic rebalancing.

China is the only major emerging economies with service sector accounting for less than 50 percent of gross domestic product, data showed.

Nobel prize-wining economist Micheal Spence shared the view with Fung, adding that the country needs to improve its social security system and allow more competition to encourage innovation.

The INET is a New York City-based economic research and education foundation designed to broaden and accelerate the development of a new field of economic thoughts that will lead to the real-world solutions to the great economic and social challenges.

Titled "Changing of the guard?" this year's annual conference focuses on crucial global issues with topics including "Growth Adjustment and Convergence in Asia: The Challenge Ahead" and "The RMB and the Future of Asian

 
8.03K
 
...
主站蜘蛛池模板: 齐河县| 阳山县| 天柱县| 乐业县| 宣恩县| 两当县| 理塘县| 昌黎县| 大理市| 北辰区| 南康市| 渑池县| 静海县| 黄龙县| 彰化县| 镇赉县| 南丰县| 屏东市| 化德县| 嫩江县| 凤阳县| 鄄城县| 淮阳县| 瓦房店市| 海阳市| 汕尾市| 宜昌市| 蚌埠市| 烟台市| 广平县| 罗城| 二手房| 密云县| 平陆县| 新乐市| 金川县| 湖南省| 唐山市| 湖北省| 师宗县| 宜州市|