BEIJING, March 7 -- Already a major driving force for the world economy, China is poised to make greater contributions with its reaffirmed commitment to economic rebalancing.
In a report on government work earlier this week, Chinese Premier Li Keqiang pledged to strengthen the fundamental role of consumption in driving economic growth, open China's market wider and defend free and fair trade. Experts believe these efforts will inject new impetus into China's growth and further boost the global economy.
"With a population of 1.3 billion, China's economic modernization will have a huge spillover effect on more robust, sustainable, balanced and inclusive global economic growth," said Zhang Zhanbin, a researcher with the Chinese Academy of Governance.
China's economy, once heavily reliant on fixed-asset investment and exports, is increasingly fueled by services and consumption. Official data showed that consumption contributed 58.8 percent of GDP, and the service sector accounted for 51.6 percent.
China now has the largest middle-income group in the world, with a population of about 400 million, and it is growing fast.
Wang Yiming, deputy director of the Development Research Center of the State Council, expected the group to have stronger and more sophisticated consumer demands.
"This year, China's retail sales are projected to surpass those in the United States in another sign of China's transformation from a 'world factory' into a 'world marketplace,'" Wang said.
While maintaining strong exports, China is also buying more from the world, with its imports up 18.7 percent year-on-year to 12.5 trillion yuan (about 2 trillion U.S. dollars) in 2017.
"Not only did China's imports continue to grow, they also cover a broader range of sectors, benefiting both developed and developing economies," said Li Daokui, an economist with Tsinghua University.
For instance, China's increased imports of crude oil and iron ore helped boost the economy of resource-rich countries, while its imports of integrated circuits and metal-working machines have benefited developed economies.
China has promised to further boost its imports. The Ministry of Commerce forecast last November that China would import more than 10 trillion U.S. dollars of goods and services in the next five years.
This year, China will host the first China International Import Expo (CIIE), showing its determination to open wider to the world and increase consumption of its fast-growing middle-income group.
More than 1,000 enterprises from over 120 countries and regions have signed up to attend the event slated for Nov. 5 to 10 in Shanghai.
Despite the rising protectionism in major economies, China has remained a staunch champion for free trade. In his report, Premier Li reiterated China's support for promoting economic globalization and protecting free trade.
"China calls for trade disputes to be settled through discussion as equals, opposes trade protectionism, and will resolutely safeguard its lawful rights," he said, noting that the country is ready to work with all parties to advance multilateral trade negotiations.
"This demonstrates China's resolve to support the right course of economic globalization, and to help address issues such as lack of inclusiveness during the process," said Liu Shangxi, head of the Chinese Academy of Fiscal Sciences.
World Bank data show that China contributed 34 percent to world economic growth from 2017 to 2016, more than the United States, European Union and Japan combined.
"China will continue to be the strongest driving force and stabilizer for the world economy," said Li Daokui, the economist.
西城部分小学校址微调 应对入学高峰
海淀区小升初推优政策出炉 班干部加分降低
北京市教委:小升初“占坑班”寒假前叫停
2010北京小升初将扩大优质校招生范围
小升初面试 如何消除紧张情绪
【小升初】宣武100%小学毕业生能上优质初中
总结近些年小升初面试的特点及常用的形式
小升初英语2015年:复习重点及方法指导
2015年小升初英语学习:经验及心得分享
大派位——不可不知的小升初入学途径五
参加重点中学招生考试的心理调节方法
2015小升初英语学习:如何提高背诵效率?
袁贵仁:择校问题是要解决的突出问题之一
【小升初】占坑班一旦有举报 不查处就没完!
2010北京小升初西城区政策 名校加入大派位
北京超八成“体改校”回归公办 实施义教
黄梅戏越剧豫剧评剧等地方剧种 成小升初特长
小升初英语记忆歌
【小升初】西城热点校接收派位生不少于半个班
2015小升初学习方法:8个单词记忆方法
小升初“占坑”登上09年十大教育关键词榜
【热议】两会市民提案:
人大附中小升初面试题汇编3
北京公办幼儿园今年扩招1.2万人 缓解入园难
北京:小升初英语考证赶超高考
小升初特长生测试今年更严 朝阳当天公示成绩
小升初参考:09崇文小升初推优名额分配详解
北京中学全参与小升初电脑派位 四中将收派位生
小升初面试过程中孩子需要注意的事项
共建——不可不知的小升初入学途径四
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |