March 20, 2025
    Advanced Search 
  Home>News Center>Bizchina
       
 

Further growth faces challenges
(Shenzhen Daily/Agencies)
Updated: 2006-01-27 08:46

When China joined the World Trade Organization (WTO) four years ago, it feared the “wolf” had come — foreign investors ready to eat up its economy. A year later, China and the wolf were dancing together. Now, they’re married, but a senior Bank of China executive said this does not mean the marriage will last forever in bliss.

Zhu Min, the State-owned bank’s executive assistant president, noted that 50 percent of marriages in the United States end in divorce and what happens in the future will depend on how China and foreign investors cooperate in meeting difficult challenges, especially in the newly opened financial sector.

“When we joined the WTO, we always talked about the wolf has come, we’re scared to death,” Zhu said Wednesday. “A year later, we talked about dancing with the wolf ... Now we marry ... the wolf” and the situation is very different.

China’s booming economy and prospects for investment were high on the first day’s agenda at the World Economic Forum in Davos, Switzerland the annual gathering of the world’s top business and government leaders.

Zhu predicted that China’s economy will grow between 8.8 percent and 9.3 percent this year “because the whole economy is pretty healthy and strong ... domestic consumption really picked up and domestic construction is very strong.”

“I would say Chinese GDP (gross domestic product) is still underestimated,” he added, pointing to “millions” of small and medium-sized businesses that were not accounted for in domestic economic data. “There is still room for China to grow.”

But Cheng Siwei, vice chairman of the standing committee of the National People’s Congress, said in China’s new five-year program to be approved in March “our goal is around 8 percent” growth to allow for greater investment in improving life for the country’s 1.3 billion people.

China has become the third-largest trading nation and the third-largest recipient of foreign investment, but its per capita income is still lower than 100th in the world, China’s Vice Premier Zeng Peiyan said in an address to the forum.

“The world economy is facing an increasing number of destabilizing and uncertain factors — fiercer international competition, rising trade protectionism, an unfair economic order and a widening gap between the north and the south,” he said.

Zeng called for greater global cooperation to combat global poverty and improve life for millions in China and around the globe.

“China cannot develop in isolation, nor can the world develop without China,” he said.

In the new economic and social plan, Zeng said China’s first goal is to double the year 2000 per capita income by 2010, achieve greater efficiency in using resources and energy and curb ecological and environmental degradation.

Cheng said China’s urban dwellers have become three times richer than their rural counterparts, and people in the east and along the coast are much richer than those in the west, so greater efforts must be made to narrow the gaps and “keep economic progress synchronized with social progress.”



 
  Story Tools  
 
Font Large Medium Small
E-Mail This Story
Print Friendly Format
Comment On This Story
Save This Story
 
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         

| Home | News | Business | Living in China | Forum | E-Papers | Weather |

| About China Daily | About China Daily.com.cn | Contact Us | Site Map | Jobs |
 Copyright 2005 Chinadaily.com.cn All rights reserved. Registered Number: 20100000002731
主站蜘蛛池模板: 毛片大片免费看| 青青青久97在线观看香蕉| 女人张开大腿让男人桶| 中文无遮挡h肉视频在线观看 | 欧美视屏在线观看| 免费一区区三区四区| 一级毛片60分钟在线播放久草高清在线| 最新国产精品亚洲| 亚洲国产欧美精品| 正能量网站不用下载免费观看视频软件| 免费看黄色一级| 精品精品国产高清a级毛片| 国产亚洲欧美一区二区三区| 91香蕉国产在线观看人员| 国产精品亚洲成在人线| 91大神在线精品视频一区| 天堂中文字幕在线观看| yy6080午夜一级毛片超清| 成人免费视频网站www| 久久久99视频| 日本护士激情波多野结衣| 久久无码专区国产精品s| 日韩视频中文字幕精品偷拍| 亚洲av熟妇高潮30p| 欧美亚洲精品suv| 亚洲国产小视频| 欧美成人乱妇在线播放| 亚洲最大成人网色香蕉| 欧美蜜桃臀在线观看一区| 亚洲熟妇AV乱码在线观看| 波多野结衣免费| 亚洲综合欧美日韩| 激情内射亚洲一区二区三区爱妻 | 99re国产精品视频首页| 天堂亚洲国产日韩在线看| hd日本扒衣党视频播放| 嫩BBB槡BBBB槡BBBB| 一个人晚上睡不着看b站大全 | 紧扣的星星完整版免费观看| 国产av一区二区精品久久凹凸| 超薄肉色丝袜一区二区|