Home>News Center>China
       
 

China's economy to keep growing, at 8%
(Agencies)
Updated: 2005-03-05 11:25

Chinese Premier Wen Jiabao said the economy would continue to roar ahead, and the China would continue to maintain the renminbi yuan stable.


Premier Wen Jiabao delivers his government work report to the deputies at the opening session of the Third Session of the 10th National People's Congress in Beijing March 5, 2005. He said China plans an 8% GDP growth this year. [newsphoto]
The economic growth target has been set at eight percent, a level needed to create enough jobs for the nation's millions, Wen told the opening session of the National People's Congress, or parliament.

"Maintaining steady and rapid economic development is an important issue that the government must successfully handle," Wen said in his speech.

"This is a period of important strategic opportunities for China, and the economy should grow rapidly, but not be allowed to overheat," he said.

This year's growth objective marks a change from previous years, when China's planners have been aiming for seven percent growth as the minimum to keep enough people out of unemployment.

The growth targets have frequently been off by a large margin, such as last year, when economic growth eventually came in at 9.5 percent.

Eight percent growth in Asia's second largest economy is likely to mean that China will remain one of the world's top growth engines.

The global economy has been seen as sustained in recent months by the twin forces of China's producers and America's consumers.

Touching on the most sensitive issue in China's economic dealings with the outside world, Wen said the currency, the yuan, would remain "basically stable" this year.

"We will ... reform the mechanism for setting the exchange rate for the (yuan) and keep it basically stable at a proper and balanced level," he said.

The Chinese yuan has been pegged to the US dollar for a decade and has recently followed the American currency on its downward path against the world's major currencies.

As a result, China has come under intense pressure from foreign governments, especially Washington, who say the current value of the yuan gives Chinese workers an unfair advantage globally.

China's export engine last year kept spitting out goods to the world markets, gaining 35.4 percent from the year before, further fueling foreign worries.

In an apparent attempt to address such concerns, China will try this year to bring about export growth of no more than 15 percent, according to a separate report to parliament from the National Development and Reform Commission.

"Export volume has grown considerably in recent years to a very high level, and international trade friction is intensifying," the report from the commission said.

"Setting the target at 15 percent should help push enterprises to accelerate change in the pattern of their foreign trade growth, improve their import and export mix, and raise the quality and level of their foreign trade growth," it said.

The threat of mass unemployment, and accompanying social unrest, is the top reason why China is prioritizing rapid growth.

Even though China expects to create nine million jobs this year, the registered unemployment rate in the cities is nevertheless targeted at 4.6 percent in 2005, up from 4.2 percent last year, according to Wen's report.

China is facing a unique dilemma as it must boost employment even as it copes with the challenge of preventing overheating.

"Although the outstanding problems in economic activities have been somewhat alleviated, they have yet to be fundamentally solved," Wen said.

"There is the possibility of a return to overheating in fixed-asset investment, supplies of coal, electricity, petroleum and transportation are still very tight, and there is still considerable inflationary pressure."



 
  Today's Top News     Top China News
 

Wen: China to keep yuan basically stable

 

   
 

President Hu sets forth guidelines on Taiwan

 

   
 

Rise of China's defence spending "modest"

 

   
 

Law only targets handful of secessionists

 

   
 

Women to get protection from harassment

 

   
 

China's housing prices up 14.4% last year

 

   
  Hu urges peaceful reunification
   
  Vision for developing ties hailed
   
  Women to get protection from harassment
   
  Members told to offer their ideas
   
  Banned cancer-causing dye found in China
   
  Changing views change climate
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 国产无套粉嫩白浆在线| 日韩人妻无码精品专区| 再深点灬再大点灬舒服| 青梅竹马嗯哦ch| 国产激情精品一区二区三区| 91麻豆果冻天美精东蜜桃传媒| 我和小雪在ktv被一群男生小说| 久人人爽人人爽人人片AV| 欧美日韩一区二区三区在线观看视频| 免费国产黄网站在线观看视频 | 蜜桃视频无码区在线观看| 国产欧美精品一区二区三区四区| 884aa四虎在线| 大又大粗又爽又黄少妇毛片| 一区二区三区免费电影| 成人福利app| 亚洲日韩在线中文字幕综合| 类似爱情1未删减版视频| 四名学生毛还没长齐在线视频| 青娱乐免费视频| 国产妇女馒头高清泬20p多| ts人妖在线观看| 日韩高清在线日韩大片观看网址| 亚洲国产欧美日韩一区二区三区| 波多野结衣在线观看3人| 国产乱码一二三区精品| 国产婷婷综合丁香亚洲欧洲| 国产精品久线观看视频| 51国产偷自视频区视频| 国偷自产视频一区二区久| avtom影院入口永久在线app| 好吊妞视频在线| 久久人人爽人人爽大片aw| 波多野结衣aa| 亚洲首页在线观看| 看国产一级毛片| 免费大黄网站在线看| 真正全免费视频a毛片| 全部免费a级毛片| 精品久久久久久久久午夜福利| 午夜看一级特黄a大片|