LINE

    Text:AAAPrint
    Economy

    China statistics chief upbeat about future economy

    1
    2015-07-17 09:14Xinhua Editor: Gu Liping

    Wang Baoan, director of the National Bureau of Statistics (NBS), said he has confidence in the Chinese economy, following a better-than-expected GDP growth in the second quarter.

    Wang made the remarks in an interview with People's Daily, which will run the full text on Friday.

    NBS data showed on Wednesday that China's second-quarter GDP expanded 7 percent year on year, unchanged from the first quarter, beating a median market forecast of 6.9 percent.

    "The economy has shown signs of stabilization and recovery," said Wang, citing rosy figures about GDP, employment, inflation, agricultural production and income.

    In his view, the country's economic structure and the quality of growth are both improving. The drive of mass entrepreneurship and innovation and repeated cuts to red tape are unleashing creativity and market vitality.

    The NBS chief attributed the better-than-expected result to the unremitting efforts made by China's central authorities to strengthen and improve macro economic management.

    Government policies to stabilize growth, boost reforms and restructuring, improve livelihoods and prevent risks have played significant roles for the economy, according to Wang.

    "We believe the upward trend will continue into the second half of 2015 and we have confidence that China can deliver the economic and social development targets set for the whole year," said Wang.

    China has a huge market with great potential and high resilience. Industrialization and urbanization will generate large room for future growth, Wang told the newspaper.

    Pro-growth measures, including fiscal and monetary policies, will further take effect in the latter half of the year.

    Regional integration campaigns, including the Belt and Road initiative,the coordinated development of Beijing, Tianjin and Hebei, the Yangtze River Economic Belt, will also serve as new growth engines.

    However, Wang also noted that a slow recovery of the global economy and domestic problems from the economic restructuring will add uncertainties to the Chinese economy.

    "Stabilizing overall demand is key to stabilizing growth. To that end,it is pivotal for China to increase investment," said Wang.

    "But in the long run, we must rely on technological innovation," he said, adding that the government will focus its efforts on four things: lifting price controls, clearing market entry obstacles, liberalizing scientific research, and invigorating state-owned firms.

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 炎陵县| 河东区| 汾西县| 互助| 霸州市| 怀柔区| 连江县| 衡阳市| 从化市| 治县。| 文昌市| 天柱县| 陕西省| 九龙县| 双江| 昭苏县| 宕昌县| 梅州市| 博罗县| 武城县| 东阿县| 阳曲县| 安仁县| 怀宁县| 前郭尔| 饶平县| 二手房| 浦城县| 崇信县| 阿拉善左旗| 沁源县| 上高县| 丘北县| 探索| 巴林右旗| 青川县| 吉隆县| 区。| 噶尔县| 纳雍县| 华亭县|