Home> Business
China's manufacturing might surpass US by 2015
February-4-2010

China could overtake the United States to become the leading producer of manufactured goods in the next five to seven years, but the country needs to improve its social safety net to boost living standards, says a report from a major global economic organization.

"China's economy is weathering the global crisis remarkably well, not least thanks to its prompt and vigorous macroeconomic policy action," said the Organization For Economic Cooperation and Development in its "Economic Survey of China" report released yesterday.

"The country's economic expansion is projected to sustain over the medium run, and China's share in the world economy is set to grow further," the report said. "Structural reform has continued on a broad front in recent years, and will enable China to eclipse the US as the world's biggest producer of manufactured goods by as early as 2015."?

But the report stressed that China's public spending should be stepped up to support much-needed social reforms in areas such as education, welfare assistance, pensions and health.

"The Chinese government's swift and vigorous action to support its economy has contained the impact of the global recession. But China should further foster social cohesion by stepping up social spending in the country," said Pier Carlo Padoan, OECD chief economist and its deputy secretary general.

The report said China can afford more public spending from its fiscal income. The gross government debt in China amounted to 21 percent of GDP in 2008. The stimulus measures are expected to increase the debt ratio by only 3 percent of GDP in 2010.

To compare, gross public debt in OECD countries is projected to almost reach their total GDP this year and even exceed it in 2011.

OECD, made up of 30 member nations that exchange economic information, identified the following areas where action is needed, long-range, for improving Chinese people's living standards:

-Unify the fragmented system of welfare assistance, pension and health care. Responsibility for social protection should ultimately be transferred from cities to the national level;

-Relax the registration system and restrictions on migrant workers' access to social services, which create obstacles to labor mobility;

-Pursue health care reforms. Hospitals should be run more efficiently and different insurance systems eventually merged.

On economic matters, the organization urged that China:

-Alleviate international imbalances by keeping saving at a lower level and making the exchange rate more flexible;

-Open more banks and financial institutions, and supervise them more firmly;

-Cut red tape to boost competition and productivity, loosen traditional ties between state-owned enterprises and central authorities, allow private companies to operate in the network industries, and lower barriers to foreign direct investment in services.

China is not a member of the OECD, but works in partnership with the organization on a number of projects.

 
主站蜘蛛池模板: 国产成人精品视频一区| 女人张开腿男人猛桶视频| 亚洲一区二区三区在线观看网站| 狠狠97人人婷婷五月| 噜噜噜狠狠夜夜躁| 饥渴艳妇小说官途欲妇| 国产真实乱在线更新| 91大神亚洲影视在线| 女人爽小雪又嫩又紧| 中国一级特黄特色**毛片| 草草浮力影院第一页入口| 国产精品久久久久久久久| 91麻豆精品国产一级| 天海翼一区二区三区高清视频| 三级黄色在线观看| 无套后进式视频在线观看| 久久国产精品免费一区二区三区 | 超碰aⅴ人人做人人爽欧美| 国产成人无码区免费内射一片色欲 | 国产精品99久久久精品无码| 57pao一国产成视频永久免费| 国内精品区一区二区三| a级毛片免费在线观看| 好吊妞视频这里有精品| 一级做a爰片性色毛片视频图片 | 国产成人精品高清在线观看99| 一本色道久久综合亚洲精品高清| 国产美女精品视频| 中文字幕一区二区三区久久网站 | 青青青青啪视频在线观看| 国产成人免费av片在线观看| 日韩欧美一区二区三区免费看| 国产精品夜间视频香蕉| www国产成人免费观看视频| 成人a在线观看| 九九九好热在线| 欧美18www| 亚洲va欧美va国产综合久久| 欧美jizz18性欧美年轻| 亚洲制服欧美自拍另类| 欧美国产日本高清不卡|