三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

Double-dip recession unlikely in China

Updated: 2011-10-24 14:14

(Xinhua)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

BEIJING – China's economic expansion slowed to 9.1 percent year-on-year in the third quarter of the year, the slowest pace in more than two years as euro zone debt crisis and a sluggish US economy took a toll.

Though the world's second largest economy has seen mild slowdown in its economic growth for three straight quarters so for, the strong economic drivers suggest China's economy will keep its stable and relatively fast growth and the likelihood of the economy plunging into recession is very small. Experts agree that it is not time to relax monetary policy in the short term as the country is still facing increasing uncertainties both at home and abroad.

Small possibility of double-dip recession

Analysts agreed that even though the risk of double-dip recession of the global economy looms due to debt crises and lackluster economic growth in major developed countries, the risk of world's second-largest economy experiencing such a recession in the near future is very low.

Despite challenges and uncertainties internally and externally, China's economy will likely maintain its stable and relatively fast growth in the coming period, boosted by a strong growth momentum, NBS spokesman Sheng Laiyun told a recent press conference.

"China's economic growth is stable, and the possibility of a double dip is very small in the coming period," he said.

The country's GDP grew 9.1 percent year-on-year in the third quarter of the year, compared to 9.5 percent in the second quarter and 9.7 percent in the first, the National Bureau of Statistics (NBS) announced on Tuesday.

The economic figures indicated that the drivers of economic growth remain strong.

NBS data showed that fixed asset investment jumped 24.9 percent year-on-year to 21.23 trillion yuan ($3.33 trillion) in the first nine months, of which 59 percent had come from the private sector.

Industrial value-added output shot up 13.8 percent year-on-year in September, up from the 13.5 percent growth in August. Fixed assets investment soared 24.9 percent year-on-year in the first nine months, compared to a 25-percent gain in the January-August period.

Boosted by robust auto and construction materials consumption, the country's retail sales surged 17.7 percent from a year earlier in September, following an increase of 17 percent in August.

Further, China's Purchasing Managers' Index (PMI), another important indicator for economic performance, continued its rise in September. The index rose to 51.2 percent, up from 50.9 percent in August. It marked the second straight month that the index kept rising month-on-month.

Sheng said those economic indexes demonstrate that China's economy is still running stable and relatively fast despite mild slowdown. Therefore, the risk of double-dip recession is quite low.

"There was an obvious trend of the country's economic development shifting from a stimulus policy-driven growth to a self-initiated mode," Sheng pointed out.

Lian Ping, chief economist of the Bank of Communications, said on Tuesday that China's economy will not incur a hard landing.

Lian also said China's economy is unlikely to suffer a double dip as domestic demand remains strong. He said that investment is not likely to decline, the real estate market will stabilize, and the auto market will start to pick up.

Echoing Lian's view, Louis Kuijs, Hong Kong-based chief Asia economist at MF Global Holdings, does not believe that the country will experience a double-dip recession and is confident that China can be an engine for global growth thanks to its manufacturing industry.

Fan Jianping, head of the Economic Forecast Department at the State Information Center, also dismissed concerns about a steep correction.

"Fears of a hard landing (in China) are unfounded," he said, citing still robust domestic consumption.

   Previous Page 1 2 3 4 Next Page  

主站蜘蛛池模板: 九九视频国产 | 欧美三级不卡在线观线看高清 | 99九九国产精品免费视频 | 正在播真实出轨炮对白 | 麻豆国产果冻传媒网站入口 | 久久草在线观看视频 | 91啦在线观看 | 任我鲁这里有精品视频在线播 | 看免费大片 | 在线青草| 成人黄色免费 | 外国黄色一级 | 欧美成人性色xxxx视频 | 天天影视亚洲 | 在线视频 二区 | 精品国产免费观看久久久 | 久久国产美女免费观看精品 | 中文国产成人精品久久无广告 | 国产麻豆视频网站 | 免费网站在线观看国产v片 免费网站成人亚洲 | 91自产国偷拍在线 | 国产自线一二三四2021 | 国产成人爱情动作片在线观看 | 手机免费看黄在线高清视频 | 久久久久久网址 | 亚洲一区 中文字幕 久久 | 国产精品嫩草影院午夜 | 亚洲精品久久久久网站 | 久久97久久 | 可以直接看的av网址站 | 国产精品二区页在线播放 | 成人涩涩视频 | 黄色激情网站 | 欧美一级毛片一 | 小明永久视频 | 久久久久久久久久综合情日本 | 深夜做爰性大片很黄很色视频 | 草逼免费 | 一级黄色片播放 | 午夜黄页网站在线播放 | 尤物网在线视频 |