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Wang Yiming, deputy director of the development research center of the State Council, wrote that there are now concerns about whether China's economic growth will "break 6" next year. In fact, 6% is not a special watershed. A little higher or a little lower growth rate is not the main problem. The key is still the quality and efficiency of economic growth. China's economy has shown resilience and bright spots in resisting downward pressure, and stable growth still needs to be placed in an important position.
The people's Daily published the article on Tuesday, pointing out that the growth rate is too low, employment is difficult to guarantee, structural adjustment is difficult to push forward, and macro leverage ratio is difficult to stabilize. On the basis of improving quality and efficiency, we still need to maintain medium and high-speed growth. China is still the largest developing country in the world, and development is the basis and key to solving all problems.
"We must keep a clear understanding of this, adhere to the principle that development is the only way, and adhere to the economic construction as the center. This requires that we put stable growth in an important position, strengthen the counter cyclical adjustment of macro policies, adhere to deepening supply side structural reform, resolve contradictions and meet challenges in high-quality development, and ensure that economic operation is within a reasonable range. " The article says.
In the first three quarters of this year, China's economic growth rate was 6.2%. Although the growth rate was lower than that of the same period last year, it was still within the expected target range of 6% - 6.5% set at the beginning of the year.
Wang Yiming said that under the background of slowing global economic growth, more than 90% of the economy's growth has been reversed, international trade frictions have been escalating, protectionism and unilateralism have continued to spread, and major international institutions have lowered their world economic and trade growth expectations for this year and next year, China's economy has maintained a growth rate of more than 6% on a high base, stepped onto a new and higher platform, showing development Resilience and potential.
For the current Chinese economy, the article believes that it needs to be grasped from a longer time span. Since 2010, China's economic growth has continued to slow down in fluctuations. The continuous economic downturn is influenced by cyclical factors such as changes in the global economic environment after the international financial crisis, but it is mainly affected by endogenous structural factors, and the most fundamental is the periodic change of economic growth from high-speed to medium high-speed.
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