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    平网印花
    WuJinglianInthefirsthalfoftheyear,China’,,fixedassetinvestmentinthesocietyasawholeswelledby11percent,,thefactthatafavourablechangehastakenplaceintheeconomicdevelopmentofChina,ascanbeseenfromthewarming,itcion-making,ieeconomicscircleatpresentisthatthefundamentalcauseofthefavourableturnoftheeconomicsituationliesintheadoptionofanactivefinancialpolicybyt,sincetheroleoftheexpansivefinancialpolicyhasbeenlimitedsofartocertainimprovementoftheinsufficientdemandandthebasisisstillveryweak,tinthefutureandwhetheraturningpointhasreallytakenshapewillbedeterminedbytheco,owingthefavourableturnoftheeconomicsituationmerelytothestimu,theChinesegovernmentadopteda"two-hand"policyaftertheeruptionoftheEastAsianeconomiccrisis,namely,toadoptanactivefinancialpolicytoexpanddomesticdemandononehand,andpromotereformofstate-ownedenterprifoftheyearhasbeenexactlyaresultofthecombinedroleofthis"two-hand"lackened,someeconomistspointedoutthatweshouldadoptnotonlythetraditional"Keynesianpolicyforexpandingdomesticdemand",butalsothe"policyofrevitalizingenterprisesadvocatedbythesupplyschoolintheUnitedStates",,resolutemeasureshavebeentakentoissuehundredsofbillionsofyuanofStatebondseachyearshrinkingconsumptionandexportdemandandmonth-to-monthslow-downofeconomicgrowth,andgraduallychangedpeople’,thegovernmentadoptedaseriesofmeasurestoreducethediffiommondevelopmentofeconomiesofvariouskindsofownershippromulgatedatthe15thNationalCongressoftheCommunistPartyofChina,improvementofcreditservicesandestablishmentofcreditguaranteefundsformediumandsmall-sizedenterprises,large-scalereplenishmentofthecapitalfundofbanksandproperdisposaloftheirbadassets,empoweringindustrialenterprises(includingnon-governmentalenterprises)tohandleexportbusinessontheirownaccord,looseningadministrativecontrolonmicroeconomicactivitiesofenterprises,cancellinginvestment-regulatingtaxes,andacceleratingrestructureofthepetrochemical,telecommunications,,theeffectofthesemeasuresdesignedtoinvigorateenterprisesandrevitalizethenationaleconomyhasnotproducedresultsasquickl,t,GDPgrowthinthecoastalareasinSoutheastChina,Zhejiang,Guangdong,Jiangsuandsomeotherprovincesinparticular,hasreachedtwodigits,socialinvestmenthasbouncedbackrapidly,,itislikelythattheseareashaveunderestimatedthestronggrowthoftheirproduction,investmentandexportduetothedefectsinthestatisticalsysteminChinaandthereluctanceofsomeareasto"uncovertheirwealth".AccordingtoareportbytheZhejiangProvincialStatisticalBureau,forinstance,,,,nce,whichusedtotaketheleadinstartinguptheeconomyseveraltimesindepression,butputupapoorperformanceineconomicdevelopmentinrecentyears,nowhasseenasharpriseinproduction,briskinvestment,andacomebackofoverallvitalitysincethestartofthisyearafterundergoingrestructuringlastyear.…Ifyouneedthefulltext,pleaseleaveamessageonthewebsite.Notes:(1),(3),(2),(5)and(7)representpercentagevs.(1);(4),(6)and(8)representproportionvs.(2).Datasources:STATEMENTOFBALANCEOFPAYMENTSbySAFEDuringthe1982-1999period,foreigncapitalreceiptsandpayments(balance),,%,China’scapitalsinflowisinnetterms,andthehugesurplusofforeigncapitalreceiptsandpay,FDIinChinarepresentsthelargestelementforitssurplus,,accountingfor81%,FDIisnotonlythegreatestelementforthesurplusofforeigncapitalreceiptsandpaymentsbutalsothebaseforasustainedsurplusofFDIforalongtime,contributingagreatdealtothegeneralsurplusofChina,anetincreaseisshowninChinasoverseasissuanceofequitysecuritiesandbonds,indi,duringthe1982-1999periodthenetin,%ofthesurplusofforeigncapitals,an,however,adeficitwasrecordedduringthe1996-1999period,mainlyduetoadrasticfallinthesurplusofliabilitiesofsecuritiesinvestmentinthatperiod,,therefore,thatliabilitiesofsecuritiesinvestmentasonesourceofforeigncapitalhavealimitedstimulativeroleinachievi,%ofthebalanceofallforeigncapitalreceiptsandpayments,%ofthetotalsurplusinthebalanceofcapitalreceiptsandpayments,(-),however,,thesurplusofotherinv%ofthatofforeigncapitalsandbeingoneofthethreegr,anditspercentageinthesurplusofforeigncapitalsreducedto45%.Andduringthe1996-1999periodthesurplusofliabilitiesismuchsmallerthanthesurplusofassetsinsize,withitspercentageinthebalanceofforeigncapitalreceiptsandpaymentsfallingto5-6%.Thatmeans,duringtheabove-mentionedtwoperiods,theroleofo,becauseotherinvestmentasaformofintroducingforeigncapitalisusuallysmallerthantheincreaseofassetsinsize,,otherinvestmentisanuncertainfactoraffectingthebalanceofforeigncapitalsandcapitalaccountswhenforeigncapitals(mainlytrade-relatedcredits)areutilizedinsuchform,anditsdrasticdecreaseintimesofuncertaineconomicgrowthmorethanoftengivesrisetoadeficitinotherinvestmentreceiptsandpaymentsandeveninthebalanceofcapitalaccounts....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.ByZhouHongchun,ResearchDepartmentofSocialDevelopmentofDRCResearchReportNo144,2014(Total4643)Ecologicalcivilizationconsshouldberesponsiblefor,whatexternalenvironmentshouldbecreatedandwhatmanagementsystemshoulandmarket,thedomainsforwhichthegovernmentshouldcreateanexternalenvironmentaswellasthemanagementsystemneededforecologicalcivilizationconstructionsoastolayasolidfosimproperinterventionhassavingandenvironmentalprotection,ecologicalcivilizationconstructionshouldincludesuchfourareasasspatiallayout,resourceefficientuse,ctedwithChinasdirect,thegovernmentsdislocationorbeoffiscalrevenue,whichc,coal,,,somelocalgovernmentsstarteddevelopmentzonesandmagnificencehotelsandbuildingsonthepretenseof"operatingthecity".Inconsequence,thereareindustrialpa,adefectivepricingmechanismhasdepressedthepricesandincre,differenton-gridpricesaresetfordifferentpowergeneratingunit,whichisatypicalbehaviorof"rentsetting".Someministries,byexaminingandapprovingprojects,implementencourageinstrumentswherepunishmentinstrumentsaremoreappropriate,whichleavesspacefor"rent-seeking".Resourcedepletion,seriousenvironmentalpollutionandecologicaldegradationhavebeenthemajorconstraintstothehealthydevelopmentoftheeconomy,graveobstaclestoimprovingpeoples,government,forthesakeoftaxrevenue,havenosupervisionoverpollutionorevenbecomea"communityofinterests",suchaslowpollutioncharges,narrowcoverageandlowchargingrateforemission,hinderdailyoperationofessupervision,enterprisesdi,itisnotraretoseethephenomenaof"highcostforcompliancebutlowcosttobeillegal",andthecircumstancesof"entrepreneursgettingrich,thegovernmentpayingthebillandthepublicsufferingthepollutionconsequences".Fourth,policiesarenotcorrectlyimplementedandsomeofthemevengenerate"negativeeffects".Forinstance,somelocalgovernmentshaveinvitedmerchantsandinvestmentsthroughpreferentialpoliciesforland,taxbreaks,fiscalsubsidies,esourcesandecologicaldamage,some,theincentivepolicyofcomprehensiveutilizationofresources,whilepromotingthedevelopmentofrelatedindustries,hasgeneratedtheeffectof"pollutercharge",areearths,polysiliconbuthasacceleratedthedepletionofmineral,whatinstrumentsshouldbeadoptedandwhatprioritiesm,thesustainabili,regulations,rulesandplanstofacilitatethesustainabledevelopmentandutilizationofnaturalresourcesandmeettheneedsofthecurrentgenerationandbequeathsuffic,marketmeasuressuchastheuseofenvironmentalcapacityandemissionstradingscheme,canmitigatetheadverseimpssets,governmentshouldplayaroleinprovidingpublicgoodsontheonehandwhilemarketmechanismscanbeused,ontheotherhand,sexistinglawsstipulatethatnaturalresourceslikewater,forestsandmineralsetcareownedbynationalcitizensandtheecologicalenvironmentisa"publicgood".Aspateof"tragediesofthecommons""marketfailure",thegovernmenthastoclearlydefinethepropertyrightsofresourcesandstrengthenthemanagementofna,powergeneration,gaspipeline,cesandthewideninggapbetweentherichandpoor,thescopeof"haze","Pigoviantax"shouldbeleviedtoget"cleanair",clarifyingpropertyrightofresourceswilllayafoundationforaccountinge,cultivablelandandpollutiondischargetoprovidethebasisfordefiningecologicalredlines(specially-protectedareas)andaccountability.鼎龙国际官网在线RenXingzhouAgainstthebackgroundofChina’sentryintotheimportantTenthFive-Year-PlanperiodandtheWTO,itspoorsocialcreditsystemandageneralcreditdisequilibriumhavebecomemajorobstaclestothesustainableandhealthyeconomithenewcenturyToanswerthisquestion,itisnecessarytoanalyeditSystemTheimportanceofestablishingthesocialcreditsystemisdetermin,duringdecadesoftheplannedeconomicsysteminChina,,suchaswhattoproduce,whattosell,how,therelationsbetweenbanksandenterprisesarenotcreditrelations,,China’,thescaleofc,theoperationalmechanismofsocialcreditthatiscloselyrelatedtothecreditrelationsofthemarketeconomyalsobeginstoplayimportantroleandhasbecometh,themodernmarketeconomymayberegardedasacrediteconomy--thehigherthelevelofmarketdevelopment,,withapoorcreditsystem,Chinasuf,withalargeamountoflongoverduebankloansturningintobadaccounts,non-performingassetsofcommercialbankscontinuetoincrease;debtdefaultamongenterprisehascreatedbroadchain-debts;andcheating,,chain-debtsamongenterprisesin1998reachedRMB1100billion,lyaffectedthemarketorder,largelyincreasedthecostsofmarkettransaction,reducedthetransactionefficiency,directlyaffectedthehealthydevelopmentofthemarketsystem,andthush,asocialcreditsystemmustbeestablishedassoonaspossiblesoastostandardizethdingthedomesticdemand,,thecentralgovernmenthasswiftlychangeditsfocusofmacroadjustmentandcontroltotheexpansionofdomesticdemand,,theexpansionofdomesticdemand,thisisbecausepullingupeconomicgrowthundertheconditionsofabuyer’smarketviaexpansionofoveralldomesticc,thescaleofacountry’smarketwillmultiplyasaresultofcredittransactions,,manycountrieshavemadecontinuouseffortstoimprovetheircreditmanagementsystem,developednewcreditinstr,inthemid-1980s,annualsettlementsofcommercialbillsintheUnitedStateswerealrea,undertheconditionsofabuyer’smarket,creditsalesamongenterpriseshaveincreasedsignificantly,,thereisonlyasmallamountoftotalcredittransactionsinChinaatpresent,,toexpanddomesticdemandandadjustproductionstructureandproductmix,vationthroughbankloans,,duetoextensivelackofcredit,,falsepublicityanddeceivingauditingreports,thesecuritiesmarkethasrunintoacreditcrisis,affectingthe,toexpandmarketdemandforconsumptionandpullupeconomicgrowth,,theconsumptionstructureofChina’surbanresidentsatpresenthasshownsignificantupgradingtrend,withhouseholdconsumptionprioritiesshiftinggraduallytohousing,,itwilltakealongtimetoreachsuchaconsumptionlevelonlywiththeaccumulationofhouseholdcashsavings,,withtheabsenceofarelativelycompletepersonalcreditsysteminChina,,t,allt,toexpanddomesticdemand,pullupeconomicgrowthandachievethethirdstagestrategicobjectivesofmodernization,’sentryintotheWTOhavedet,uchmarketwillittakeAndhowshouldChinaparticipateininternationalcompetitionwithmoreadvantagesafteritsentryintoWTOThesequestionsaredirectlyrelatedtotheconstructionofChina’eriouslyhamperthecompetitivenessofChineseenterprisesintheinternationalmarket,resultinginsmallermarketshares,deterioratedcredibility,,thecreditdisorderinChinawillalsoworsenChina’sinvestmentenvironmentforforeigncapital,directlyaffecttheincreaseofinvestmentdemand,,thenormaloperationofthes,China’spresentmarketorderisapparentlyunabletomeetthedem,standardisationofmarketordercannotbeachievedsimplythroughoccasionalsuddeninandinstitutions,aswellasth’s“livinguptocredibility”,“maintainingreputation”and“keepingpromises”.Thenarrowcreditinthemodernmarketeconomyreferstotheabilitytohonourthepromiseoftheaccreditedpartytotheaccreditingpartyregardingpaymentorrepaymentmadeinaspecifiedtimeframe(alsoincludingtheabilitytohonourvariouseconomiccontracts).Basedonthenatureofaaccreditedparty,creditmaybedividedintopubliccredit,businesscreditandconsumercredit,,mosttransactionstaketheformofcredittransaction....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.,andeventheworldontothesamestage,cost-performanceratiobeclmarketsinlightofthedevelopmentofe-commerce,anddevelop,,theywillb,e-commercepromotestheapplicationofinformationtechnologybyenterprises,,enterpriseshaveinvestedheavilyinbuildingtheinformationsystemringwhereasthesupplyanddemandrelationshiphasnotseenanynot,andinsomecases,enterprisesfailtoachievebetterreturnsdespitetheirheavyITinput,commerceplatforms,itsmanufacturingoutputisfurthertiedwiththemarket,,withthehelpoftoolsforbigdataanalysisprovidedbye-commerceplatforms,theenterprisecancustomizeitsproductsaccordingtomarketchangesinatimelymanner,"lastkilometer"ofITapplicationbyenterprises,e-commercewilladvancetheprocessofpromotinginformationtec,(especiallyB2B)willfurtherimprovethesupplyanddemandrelat,responsibilitiesarebetterdividedintheindustryatlarge;thedevelopmentofindustrialclustersbecomesfaster;,andlargeenterprisesareshowinggrowingprrm;smalla,traditionalmonopolyinsomeindustriessuchasfinanceBao,despitetherapidgrowthofChinase-commerceinrecentyears,thedevelopmentismainlyaboutthefastevolutionandformationofe-commerceservices,whilee-commerceapplicationsarethe,futureeffortsernetofThings,cloudcomputingandbigdata,andcomeupwithnewideasandpathso“IndustrialInternet”thedivisiono,however,shouldnotbeadopted,andtheintegrationwithe-commerceplatformsshouldbestre,allsectorsshouldworktogethertofacilitatetheirtransformationandupgradingthroughe-commercesoastoimprovetheircapacityfortechnologyinnovationsaswellasChinasoverallcompetitiveness.osnowfallsthisspring,gro%ofthetotalsownarea,onshowsthattheacreagesowntocerealcropslastautumnandwinteramountedonlyto387millionmu,afurther7%declineofnearly30millionmu,,theacreagesowntowinterwheatwas322millionmu,decreasedby34millionmu,%,jorwheat-growingprovincesofHebei,ShandongandHenan,,Chinasgrainproductionscoredfourconsecutivenewheights,soaringfrom350milliontonsto400milliontons,,itlargelyresultedfromtheinitiativeonthepartofgovernmentsatdifferentlevelstore,duetobumperharvestsoverthepastseveralyearsinarow,,however,couldpossiblynotmeetthedemandtothefull,becauseit,givennooccurrenceofabnormalitiesformajorplayersinthedomesticandinternationalmarkets,,10millionadditionaljobopportunities,townshipandvillageenterprisesareplannedtoincreasetwomillionemployeeseveryyear,withthetotalnu,thetotaloutputvalueofthet,toreachthegoalsmentionedabove,financingproblemsthatplaguefarmersengagedinnon-farmingactivitiesandruralent,weshouldgraduallyreformruralfinancialsystemtoturnlocalcreditcooperativesintofinanndcommercialenterprisesinthecounties,whilestrengtheningthebanks’,theaverageannualproductionofgrain,cotton,oil-bearingcropsandsugarcropsofthecountryreached505milliontons,,adreachedorsurpassedtheworldaverage...Judgingfromthecurrentsituation,atemporarymajorreversalseemsunlikel,,weshouldtryourbesttopreventState-ownedgrainenterprisesfromseekingtomaximizetheirowninterestsmerelyasplayers,whenimbalancesoccurinsupplyanddemandinthegrainmarkets,nlikelyatthemoment,theprojectedgoalcanhardlybeattainedforraisingtheincomeoffarmers,unlesstimelyandsufficientfinancialservicesareofferedtotheexpansionoftownshipandv(byraisingappropriatelytheratesofagriculturaltaxesandabolishingalladministrativefeesimposedonfarmersatthesametime)eformtopushforwardrestructuringofcountyandvillagegovernmentsandtoexplorarryingonstructuralreformofruraladministration,howtoinvigoratethecountyandvillageeconomy,especiallytopromotethedevelopmentoftownshipandvillageenterprisesandthegrowthofnon-farmingoperationsofruralhouseholds,willbeamajorissueinhandlingtherelationshipamongruralreform,developmentandstabilityatthemomentandaperiodoftimeinthefuture..nth,thesluggishconsumptionofthelow-incomefamiliesandtheslowgrowthofsocialinve,someemergingundesirablesymptomsinthecourseofeco,fromthesecondquarterofthisyearon,theTenthFive-YearPlanwouldbeimplementedandt,fromthesametimeon,theraisedsalariesofgovernmentpublic,,incontrastwithglobaleconomicslowdownandfinancialturbulence,China,thetrendofsteadyprogressinproductionandeconomicreturnsformostindust,withtheirpullingeffectsfortheentire,,%invalueoverthesameperiodlastyear,%,,themetallurgicalindustryandtheindust,theelectronicsindustryandmanufacturingofcommunicationequipmentwouldslowdown,eforautomobilebuyers,themomentumofrapidgrowthwouldcontinueforsteels,ibutio,aturnforthebetterwouldbeseenbytheendoftheyear,’sWTOentrymounting,rivalrya,,insufficientpenetrationoftheruralmarket,strongmarketcompetitionandloweringprofitabilitywouldcontinuetodampenthegrowthofpostandtelecommunicationsservices.LiuShijin,LuZhongyuan,LongGuoqiang,WangXu,,China’,fundamentallyspeaking,isanissueofcounteri,themostdirectandoutstandingist,thechallengesfacingthegovernmentaftertheWTOentrya,themanagementsysteminvolvingforeigninterests,underthebackgroundofChina’saccessionintotheWTO,itisnecessarytoadjustthesystemandpoliciesinvolvingforeigninterestsnotincompliancewiththeWTOrules,andontheotherhand,itisalsomostimportantthatgreateffortsshouldbemadeindeepeningthemarket-orientedreforms,thepositioningofthegovernmentroleiscrucial,andoneofthefun,thatis,thegovernment,underthemarketeconomicsystem,maycontinuetoplayitsimportantroleinresourcesallocationbyresortingtotoolsasdirectandforcefulinterventionandindustrialpolicie,SouthKoreaandotherEastAsiancountriesandregionsastheirexample,indicating,mainlyortothemaximum,,butitsroleshallbemainlyreflectedinnurturing,luenceoftraditionalplannedeconomy,thestressingth,ourstate-ownedeconomicsectorstilltakesalion’sshareintheeconomy,themarketroleisstillrestrictedbymanyfactors,overstressonthegovernment’sforcefulinterventionandindustrialpoliciescouldeasilyevolveintoprotectionforbackwardenterprises(mainlystate-ownedenterprises)andindustries,andaffectthenormalnurturingofthemarketandfaircompetition,thus,,particularlyaftertheAsianfinancialcrisis,thepracticeofsupportingthedevelopmentofsomeenterprisesandindustriesthroughforcefulgovernmentinterventionandindustrialpoliciesshalldrawalessonfromtheexperiencesofsomeEastAsiancountriesandregions,,itismoreimportan’sparticipationintheprocessofeconomicgveadvantages,,inessence,,thisdoesnotmeanthatwedenytheroleofthegovernment,butwe"marketfriendly,"andthegovernmentshallplaceitsattentionandthestartingpoi,theeffectivenessofthemarketreflectstheeffectivenessofthegovernment,andwhetherornotagovernmentisefficient,toalargeextent,,marketeconomyandopenecono,thegovernmentinChinaatthecurrentstagenotonlyneedstosafeguardthemarket,butalsoneedstoparticipatein"cultivating"themarket,becausethereexistseveralimportantfactorsconstitutingChina’,Chinaisstilladevelopingcountryandintheprocessofindustrialization,andmorethanh,italsofaceswiththeopp,thedevelopmentofmarketcouldnotbefreedfromlimitationsofindustrializationlevel,andtheresponsibilityassumedbythegovernment,China,asavastandmostpopulouscountry,still,allregionshavedevelopedrapidly,butregionalgap,particularlythegapbetweenthesoutheastcoastalareasandthecentralandwesternregions,,therealsoexistdifferencesinmarketdevelopment,socialorganizationalstructure,,thegovernmentassumesanarduousresponsibilityinsafeguardingsocialjusticeandpromotingcoordinateddevelopmentoftheregions,,althoughChina’seconomictransformationhasmadesignificantprogress,,ontheonehand,callsforatransformationofthegovernmentfunctionsandagreatreductionofadministrativeintervention,ontheotherhand,itstillhastorelyonthegovernmenttoplaysomespecialrole,suchaspromotingthestrategicreorganizati,theaforementionedseveralfactorscallonthegovernmenttoplayabiggerroleinsteaysitsrole,anditislikelyt,themostimportantisnot"howbig"thegovernmentroleis,buttherationalityofits"positioning"and"scope."...Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.Amongthekeyindustries,,whichwas30%,23percentagepointshigherthantheprojected7%,326billionyuan,%,marilyduetotheimplementationofaseriesofstatemacropolicymeasures,whicheffectivelypushedupthegrowthofconsumption,,thereorganizationandrestructuringofthepetro,thesuccessfullistingofthetwogroupsoninternationalmarketsbroug,thehigherpricesofpetroleumandsomepetrochemicalproductsonthedomesticmarket,drivenupbyinternationaloilpricehikes,alsoplayedanimportantpart,theindustry’stotaloutputvaluewas30%,telecommunicationproductsandinvestmentproductsthrivedinbothproductionandsales,,thesalesofcellularphonesposted140%growth,%growth,andcolorTVscreens,electroniccomponentsandintegratedcircuitsalsogrewmorethan40%.Inadditiontothefast-growingdomesticdemand,thequickrecoveryinexcies,,42%,ygrew20%intheyear,%higherthanthatof1999,12percentagepointshigherthanthenationalaverage,,,,%,theoutputoftruckstotaled764,000,,000,%higherthan1999,,000,7%,heavy-dutytruckscontinuedtoleadthegrowth,risingby74%evelsof1999,%,light,%,%,bothcons,ironandsteelproductswere,theironandsteelproductionreboundedtosomee,asthemarketandpricesgraduallybecamestable,,theou,%,%%,thetotalsteeloutputwascontrolledwithi,%,,whiletheplate-piperatioroseto42%,,thoseinoversupply,suchassmall-sizedproductsandwirerods,,theproductsinshortsupplyondomesticmarket,suchaslargeandmedium-sizedproducts,%%respectively,0,pushedbyri,%,%,%.Amongthemainbuildingmaterials,cementtotaled580milliontons,%,whileplateglasstotaled180millionweight-crates,%.In2000,,%,,,,thetotaloutputvalueofthefiveprovincesandautonomousregionsofShaanxi,Gansu,Qinghai,%in2000,rket,increasingintensecompetitionandtherelevantstatepolicies,didmuchbetterintermsofrevenue,profit,,afastgrowthtrendappearedintheelec,350billionKWH,%,hydro,%,%%,ftheyear,onthebasisofmorethan10%,326billionKWH,%,especiallysomepower-consuminglargeandmedium-sizedstate-ownedenterprises,werethe%ofalltheelectricityconsumedandcontributed70%,thereductionandexemptionofpowerconsumptionsubsidies,theconsolidationofruralpowerprices,thereducedpricesoftheruralhouseholdpowerconsumptionandthesharpriseoffuelpricesallcontributedtothefastgrowthofthedemandinthepowermarket....Ifyouneedthefullcontext,pleaseleaveamessageonthewebsite.,2015I.“NewNormal”MeansChina’sEconomyHasReachedaHigherStageintheCatch-upProcessIn2014,China’sGDP,calculatedbyannualaverageexchangerate,,oroverUS$10trillion,,duetothehigh-speedgrowthdrivenbylate-developingadvantages,Chinarealizedindustrialization,,however,itisimpossibletosustainrapidgrowthfor,majorchangeshavetakenplaceintheenvironmentandconditionsforChina’,suchaseconomicslowdown,andacceleratedstructuraladjustments,China’seconomicdevelopmenthasenteredatransitionalstagemarkedby“newnormal”.Suchtransitioniscommonlopi,inessence,thatChina’,ateachstageofthecatch-upprocess,havedifferentlate-developingadvantagesandgrowthpotential,resultingindifferenteconomicgrowthrates,’seconomicperformance,wecand,drivenbysystemreformorexternalenvironment,late-developingeconomies,,therearehuge,itiseasyforenterprisesto,thedeman,rapidoptimizationandupgradingarewitnessedinthestructuresofindustry,consumption,urbanandruralsocieties,’,thedemandsforinfrastructure,residents’oftenseenattheearlystagesduetotheincreaseindifficultyandcostofintroducingadvancedequipmentandg,growthdecelerationisthephenomenonandtheeffect,,late-developingcountriesfurtherclosethegapofpercapitaGDPwiththeadva,,makegreatprofitsandreleasethepressureofrisingcostsbycreatingbrand-newproducts,ages,’seconomicdevelopmententersintothenewnormalstate,meaningChina’seconomyshiftsfromhigh-speedgrowthfeaturedbyexpansionintwosessionsoftheNationalPeople’sCongressandtheChinesePoliticalConsultativeConference(NPCandCPPCC)closednotlongagothisyear,theChinesegovernmentsetthegrowthtargetfor2015atabout7%,,ratherthantheperiodicfluctuationcommonlyseen,,therearestillmultiplefavorableconditionsforChina’,withrespecttopercapitaGDP,thefigureinChinaisonlytwo-thirdsoftheglobalaverage,conomicgrowthandcontinuouslyraisepeople’,,’smore,260millionmigrantworkersneed,,withsome7millionuniversitygraduateseveryyear,goodinfrastructureandstrongabilityofintegratingandcoordinatingdifferentindustries,Chinaisenhancingitsinnovationabilityintheareassuchasaerospace,biology,newenergyandinformationtechnology,ceforeconomicgrowth.

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