Site Search  Search youth.cn
Study in China Job/Internship Learning Chinese
Study in China more...
· Tsinghua University
· Universities
· A Brief Introduction to Chinese Visa and the Procedure for Visa Application
Job/Internship more...
· Job Opportunities for English Native Speakers
· English teacher
· Lucent interns
· Internship Opportunities
· English teacher
Learning Chinese more...
· A priceless treasure无价之宝
· A swan feather sent from one thousand li away千里送鹅毛
· A MESSAGE TO MENG HAORAN 赠孟浩然
China's economy rebounds, uncertainty still exist

China's economy showed a sign of recovery currently, but was still in a crucial phase and faced uncertainties both from home and abroad, said Yao jingyuan, Chief Economist with the National Bureau of Statistics on Sunday.

Yao made the remarks in an exclusive interview with Xinhua, saying the government should make down-to-earth efforts to implement the bouquet of economic stimulus measures in the second half to concrete the recovery momentum.

China, the world biggest development country, saw its economy growth slowed down amid the world financial crisis. However, boosted by the government's 4-trillion yuan stimulus package, its GDP grew 7.9 percent in the second quarter after sinking to 6.1 percent in the first three months.

"Although the country's economy began to rebound recently, the economy is not on a solid footing and faces uncertainties both from home and abroad," he said.

Yao cited the industrial growth rate for example. The country's industrial output increased by 7 percent for the first half, but was down 9.3 percentage points from the growth rate of the same period last year.

A crucial external environment was and would still be the main challenge of China's economy, according to Yao. A shortage of orders from overseas markets put Chinese companies in great difficulties.

During the first half this year, China's exports totaled 521.53 billion U.S. dollars, representing a decrease of 21.8 percent over the same period last year. Imports was 424.59 billion U.S. dollars in the first six months, down 25.4 percent year on year.

Trade surplus stood at 96.94 billion U.S. dollars in the first half, down 1.3 billion U.S. dollars or 1.3 percent over the same period last year.

"We should pay enough attention to the difficulties and get fully prepared for that, " Yao said. "Efforts should also go to economic structure adjustment."

To further lift the country's economy, Chinese President Hu Jintao and Premier Wen Jiabao on July 23 called for efforts to stick to the government's proactive fiscal policy and moderately easy monetary policy to sustain the economic growth.

 

 

 
 
 Source : Xinhua  Editor: Ivy
Related:
· The case for a solid recovery
· China's economy to expand 8.5% this year, report forecasts
· No change in China's economic policies: Premier
· China to be third largest economy
· Socialist market economy helps China's economic development
· Rising consumption helps drive economic growth
· Premier says China's fast economic growth to keep momentum
· China's GDP grows 11.5% in first half year, CPI rising
  在 线 查 词  
 
 
     



Privacy  |  About Us  |  Copyright  |  Advertisement  |  Contact Us