Fueling domestic demand

0 Comment(s)Print E-mail China Daily, March 7, 2013
Adjust font size:

Zhang Ping

The ongoing National People's Congress session has seen top officials map out a clearer roadmap for further unleashing the growth potential of the world's second-largest economy.

Zhang Ping, head of the National Development and Reform Commission, said on Wednesday that the country will rely on urbanization and domestic consumption to sustain stable growth after 30 years of blisteringly fast expansion.

Echoing Premier Wen Jiabao's speech a day earlier, Zhang said there is still much room for further expansion of China's economy as urbanization and domestic demand will be the new engines for future growth.

Tackling the two problems will improve people's living standards, and, more importantly, provide long-term driving forces for the economy. So policymakers have chosen the right options for fueling the long-term expansion of the national economy.

Despite the high annual growth of retail sales, the ratio of consumption as a proportion of GDP remains low here. The official ratio stands at less than 50 percent, compared with about 80 percent in many other countries.

Its urbanization rate, or the proportion of people living in the urban areas, is also low, even when compared with countries of comparable economic development levels.

Such policy orientation is actually the continuity of a shift in policy that has already been initiated, when the nation realized that simply increasing inputs would not lead to sustainable economic growth.

If the rapid economic expansion of the past three decades was a necessary means for the country to shake off poverty, pursuit of a balanced and sustainable economy is a must for China in the years ahead. Such a transition will be a long and painful process, and will not be without pitfalls.

The nation needs to further its reforms of the distribution system to allow the public to share more of the fruits of economic growth. Consumption will not be boosted without an income support.

Urbanization also needs to be done in a more inclusive manner, so that those moving from rural areas to cities and towns can settle down permanently and enjoy stable incomes, decent jobs and affordable housing.

During the urbanization process, the nation must also avoid inefficient investment and more environment damage.

As Zhang rightly urged, we need to pay more attention to the quality of urbanization and align the process with China's environmental capability and resources.

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:    
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 精品国产日韩亚洲一区91| 日本免费a视频| 精品一区二区三区在线视频观看| 国产成人免费一区二区三区| 337p日本欧洲亚洲大胆色噜噜| 天天爽夜夜爽人人爽一区二区| 中文字幕aⅴ在线视频| 日本最刺激夫妇交换影片| 亚洲mv国产精品mv日本mv| 正在播放乱人伦| 伊人亚洲综合网| 精品区卡一卡2卡三免费| 国产福利你懂的| 5g影院天天爽爽| 在线综合 亚洲 欧美中文字幕| 久久亚洲精品无码观看不卡| 深夜福利网站在线| 兽皇videos极品另类| 美女被羞羞在线观看| 国产乱子影视频上线免费观看| 黄色毛片免费在线观看| 国产欧美一区二区三区在线看 | 最近日本免费观看直播| 亚洲国产激情一区二区三区| 波多野结衣xxxxx在线播放| 国产亚洲精品美女久久久| 91精品国产91久久久久久青草| 天天干天天色综合网| yw193龙物视频永不失联| 怡红院一区二区在线观看| 亚洲AV成人中文无码专区| 欧美成人精品一区二三区在线观看| 又粗又紧又湿又爽a视频| 色情无码www视频无码区小黄鸭| 国产又大又粗又猛又爽的视频| 成年人视频免费在线观看| 天堂8中文在线最新版在线| 一二三四在线观看高清| 少妇人妻偷人精品视蜜桃| 中国人免费观看高清在线观看二区| 最近高清中文在线国语字幕 |