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dependence of China’s growth on exports was only 18.24 percent, and the impact of exports on China’s economic growth is graduall
上海后花园y decreasing. Since the beginning of this year, despite the slowdown in world economic growth and international trade, China’s economy has st
arted well, and the main economic indicators have remained within a reasonable range. China is optimizing its economic structure, changing its dev
elopment mode, and improving its quality and efficiency. The Chinese economy is well poised to maintain the healthy trend of stable growth.上海后花园
• What is China’s position and attitude toward Sino-US economic and trade friction?
Since some people in the US provoked the Sino-US economic and trade friction, the two sides have increasingly taken divergent approaches to this issue. That is, s上海后花园
hould it be taken as a zero-sum game or based on mutual benefit, being addressed through confrontation or cooperation? Should the countries stay enc
losed or open up, maintaining a monopolistic or competitive market? Should the countries stick to unilateralism or multilateralism? All these differences are underpinned by the ulti上海后花园女神会所
mate question of whether the world is governed by the old way of hegemonism, or a new approach by building a community with a shared future for m
上海后花园女神会所ankind. China’s position and attitude toward these major fundamental issues is clear, firm and consistent.
Faced with the economic and trade friction provoked and escalated by some people in the US, China does not want a trade war. However, the country is not afra
id of a trade war and will fight one if necessary. Proceeding from safeguarding the common interests of the two countries and the world trade order, Chin上海后花园女神会所
a has responded to the concerns raised by the US with great sincerity. China overcame various difficulties, proposed practical solutions, and conducted 11 rounds of high-level ec
onomic and trade consultations with the US, which demonstrated China’s sincere desire of not fighting a trade war. How
ever, the US has continuously challenged China’s bottom line and overstepped the red line of norms governing international relations, att上海后花园女神会所
empting to sacrifice China’s rights to development and even damaging China’s sovereignty and dignity.
No matter how the situation develops, China runs its own affairs well. The fundamental way to deal with ec
onomic and trade friction is to develop itself through reform and opening-up, which China will continue to deepen.
in 1978, and sh阿拉爱上海品茶微信ifted its focus toward building its economy.
Data from the National Bureau of Statistics (NBS) shows the count
ry’s GDP increased 33.5 times in constant prices from 1978 to 2017, with average annual gr
owth at 9.5 percent, far exceeding the global average of 2.9 percent in the same period.
During 40 years of reform and opening-up, China’s economic aggregate increased significantly.
GDP stood at 364.5 billion yuan in 1978, before jumping to 1 trillion yuan in 1986, 2 trill
ion yuan in 1991, over 10 trillion in 2001, 30 trillion yuan in 2006, and over 80 trillion yuan 2017.
The country’s worldwide economic aggregate ranking is also rising, from 11th spot in 1978 to second in 2010.
market could deter爱上海同城对对碰mine the RMB exchange rate, but if extreme situations arise, the central bank
can exercise some intervention to prevent spillover effects of exchange rate volatilities on neighboring countries.
Yi, the PBOC governor, said the current fiscal policy package is strong enough to counter headwinds, even if
the situation gets a little worse, and “a discussion” could be opened if the scenario turns “tremendously worse”.
Looking forward, the unemployment rate, rather than the GDP growth rate, should receive more atte
ntion. “The Chinese economy is presently doing reasonably well, and I don’t worry too mu
ch about the unemployment problem. So long as people still have jobs, it’s not a concern if growth slows slightly. But this ma
tter deserves to be very closely watched, particularly as now trade tensions escalate rapidly,” Huang said.
If trade tensions start to have “bigger impacts” on the economy, he said
nd force low-end manufacturers to move out more rapidly, it might increase the pres
sure on unemployment. So supporting domestic consumption and encouraging the development of the servi
ces sector, especially labor-intensive services, could help mitigate the pressure, he said.
promoting the application of e-buses, by supporting technology innovation, improving fiscal
and taxation policies, enhancing infrastructure construction, as well as reinforcing fund supervision.
“It is estimated that in the future, China’s e-bus market will transform to a more market-driven pattern, instead of policy-driv
en. The market will shift from an incremental market to a stock market, maintaining steady growth,” he said.
Bloomberg New Energy Finance estimates that EVs will attain price parity by the mid 2020s, as lithium battery pric
es have been falling. From 2010 to 2018, lithium battery prices dropped by over 85 percent, with an annual average decl
ine rate of 20 percent. And the decline, with the same rate, is estimated to continue for the next few years.
ng should be leveraged to improve coordination mechanisms
for economic policies such as finance, currency, employment, industry, and regional develop
ment to ensure the nation’s economic development stays within a reasonable range, the statement said.
The meeting highlighted the importance of strengthening innovative cap
abilities as well as opening-up and cooperation in this regard, and called for improving the serv
ices and environment for opening-up and cooperation so that development is promoted through opening-up, inn
ovation is advanced through reforms and win-win results are achieved through cooperation, it said.
Tough and newly emerging problems should be resolved through deepening reforms, the state
ment said, adding that the capability of dealing with challenges and preventing risks should be intensified.
roductivity in the service sector, which is an important thing that China is focusing on to stabilize economic growth,” Zhu said.
Chen Yulu, a vice-governor of the PBOC, also supported a “full-scale” opening of the financial sector. In the future, foreign invest
ors are welcome to conduct all forms of financial business in China, excepting those being named on a neg
ative list, and authorities are researching a new regulatory system, Chen said at the forum on Saturday.
Li Daokui, director of the Academic Center for Chinese Economic Practice and Thinking at Tsing
hua University, said China “should be more confident” in accelerating opening-up of its financial sec
tor, which will help global investors seize numerous opportunities in the Chinese market.
Domestic financial institutions are now capable of engaging in fiercer competition with global peers as their serv
ice abilities in many aspects, such as banking and insurance, have improved a lot over the past years, Li said.