综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Economy

Slow growth may spur more support

By Chen Jia (China Daily) Updated: 2015-09-14 06:45

Slow growth may spur more support

A worker welds at a construction site in Yiliang, Yunnan province, February 28, 2015.[Photo/Agencies]

China's economic growth failed to rebound in August as expected, signaling that the central government may have to introduce more support measures.

Slow growth may spur more support

The National Bureau of Statistics said on Sunday that industrial output, the main monthly growth measure, rose to 6.1 percent year-on-year last month, up from 6 percent in July, but short of expectations of 6.5 percent.

On Friday, Premier Li Keqiang sent a message to the world at the "Summer Davos" forum in Dalian, Liaoning province, that a slower growth rate is acceptable unless there is turbulence in the job market. Measures introduced to date are sufficient to prevent an economic "hard landing".

In an attempt to inject long-term growth momentum into large State-owned enterprises, the State Council, or the Cabinet, has released a guideline on further reforming their ownership and stimulating market vitality.

Fixed-asset investment increased to 10.9 percent in the first eight months compared with a year earlier, slower than the 11.2 percent from January to July.

Retail sales rose by 10.8 percent in August, compared with 10.5 percent in July, the bureau said.

An independent calculation by Bloomberg shows that China's GDP growth rate may have been 6.6 percent in August, unchanged from July, but slower than the 7 percent in the first six months, said Tom Orlik, an economist at the news agency.

According to the statistics bureau, in the first half of this year the number of jobs grew by more than 7.18 million, compared with the target of 10 million set for the year.

However, the manufacturing and service purchasing managers' indexes released earlier showed employment contracting last month.

Qu Hongbin, chief China economist at HSBC Holdings, said a long-term economic slowdown is harmful to companies' confidence, which may lead to a wave of bankruptcies and sharply reduce job opportunities.

"Industrial production faces a grim situation, requiring more policy easing," Qu said. He expects infrastructure construction and real estate growth to speed up, which may support a modest economic rebound.

The statistics bureau also said that in the first eight months, real estate sales continued to strengthen, showing 8 percent year-on-year growth. However, the booming sales have not stimulated investment in the sector. The amount of new property being built has fallen by 17.9 percent, the bureau said.

Economists said there is still room to strengthen policies. More government spending is expected on roads, waterworks and other public projects, which can offset the slowdown in capital spending on real estate and manufacturing, they said.

Measures to stabilize growth should not delay the ongoing transformation from an export and investment-driven growth model to one dominated by service and consumption, they said.

Hot Topics

Editor's Picks
...
兴海县| 万山特区| 无棣县| 垣曲县| 磐安县| 墨竹工卡县| 红河县| 蒙阴县| 安庆市| 穆棱市| 英吉沙县| 舞阳县| 唐山市| 昭觉县| 南靖县| 乌审旗| 峡江县| 正阳县| 东方市| 屯门区| 陇西县| 庄浪县| 大港区| 江孜县| 新闻| 噶尔县| 内江市| 六枝特区| 日照市| 南昌市| 丹凤县| 广州市| 双辽市| 彰化县| 商河县| 广宁县| 武安市| 收藏| 邮箱| 武威市| 乌兰县|