Home>News Center>Bizchina>Business
       
 

China needs new growth model
(Xinhua)
Updated: 2006-01-27 09:04

China, which grew by 9.9 percent in 2005, must stimulate domestic demand to reduce its reliance on exports to drive growth, according to economics attending the World Economic Forum in Davos.

"China needs to redirect its growth model more to private consumption," said Stephen S. Roach, Chief Economist of Morgan Stanley at a plenary session on China's integration into the global economy.

"The process of reform, transformation and growth is now at a very important juncture. There's potentially a very important turning point that is close at hand," he added.

While many Chinese companies are going global by making strategic investments and acquisitions abroad, they must balance this with an inward-looking approach aimed at increasing business and developing the home market.

"This would be a more sustainable model," Roach argued.

The issue of the quality and sustainability of China's economic growth is a major focus of discussion at the five-day annual meeting in Davos.

In a special address on late Wednesday, Chinese Vice-Premier Zeng Peiyan declared that China would stimulate domestic consumption to drive new growth over the next five years.

In another session, Zhou Xiaochuan, governor of the People's Bank of China, acknowledged that it would be difficult to convince Chinese people to spend more.

He said that China should accelerate reforms in pension, medical and educational systems to reduce its higher-than-normal savings rate and encourage people to spend overseas.



 
  Story Tools  
   
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 国产精品免费视频一区| 精品亚洲一区二区三区在线播放 | 黄色网站免费在线观看| 成人无码嫩草影院| 久久精品国产精品亚洲精品| 窈窕淑女在线观看免费韩剧| 国产一级在线免费观看| 97久久婷婷五月综合色d啪蜜芽| 总裁舌头伸进花唇裂缝中| 亚洲国产成人久久精品影视| 狠狠人妻久久久久久综合蜜桃| 另类内射国产在线| 四虎永久在线观看视频精品| 少妇丰满大乳被男人揉捏视频| 久久久久亚洲精品中文字幕| 欧美日韩无线码在线观看| 伊人色综合网一区二区三区| 高潮插的我好爽再干噢在线欢看 | 国产精品偷伦视频观看免费 | 人妻少妇被猛烈进入中文字幕| 高级别墅贵妇交换俱乐部小说| 国产精品免费无遮挡无码永久视频| 97久久精品无码一区二区| 天堂草原电视剧在线观看图片高清| 一本一本久久aa综合精品| 成年女人免费视频| 亚洲AV无码乱码麻豆精品国产| 男人桶女人视频不要下载| 午夜老司机免费视频| 老子午夜伦不卡影院| 国产一级黄色电影| 调教奴性同桌h| 国产精品欧美一区二区三区| 99精品国产综合久久久久五月天| 女人扒开腿让男人捅啪啪| 久久久久久久人妻无码中文字幕爆| 欧美日韩a级片| 免费无码看av的网站| 绿巨人草莓香蕉丝瓜菠萝| 四虎成人精品在永久免费| 国产精品亚洲自在线播放页码|