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  
   
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 欧美无人区码卡二三卡四卡| 青娱乐国产精品| 奇米影视奇米四色888av| 久久99精品一久久久久久| 欧美18-19sex| 亚洲日韩第一页| 特级做a爰片毛片免费看无码| 岳的大白屁股光溜溜| 久久噜噜噜久久亚洲va久| 欧美一区二区三区久久综合 | 午夜福利一区二区三区在线观看 | 欧美性狂丰满性猛交| 亚洲综合无码无在线观看| 疯狂的欧美乱大交| 又大又硬又爽又深免费看| 色吊丝最新永久免费观看网站| 国产在线无码视频一区| 免费观看成人羞羞视频软件| 国产精品妇女一二三区| 8x8x华人永久免费视频| 在线A级毛片无码免费真人| heyzo亚洲精品日韩| 好硬好爽好湿好深视频| 中国老太大bbw| 无码天堂亚洲国产AV| 久久国产亚洲电影天堂| 日韩爱爱小视频| 久久综合九色综合精品| 最近在线2018视频免费观看| 亚洲国产精品sss在线观看AV| 欧美精品hdvideosex| 国产偷窥女洗浴在线观看| 久久五月天综合网| 国产精品久久久久久搜索| 88国产精品欧美一区二区三区| 国模gogo大胆高清网站女模| 99麻豆久久久国产精品免费| 天堂俺去俺来也WWW色官网| lisaannvideos办公室| 女m羞辱调教视频网站| ipx-412天海翼在线播放 |