ecns [expanded by feedex.net]: China economy 'sanguine' last year: regulator

ecns [expanded by feedex.net]

ecns

China economy 'sanguine' last year: regulator
http://www.ecns.cn/business/2016/03-06/201712.shtml
Mar 6th 2016, 11:45





Sunday Mar 06, 2016








Xu Shaoshi (C), minister in charge of the National Development and Reform Commission, gives a press conference for the fourth session of China's 12th National People's Congress (NPC) on the country's economic and social development and the draft outline of the 13th Five-Year Plan, in Beijing, capital of China, March 6, 2016. (Photo: Xinhua/Li Xin)

China's economy had a "sanguine performance" last year, a senior regulator said Sunday on the sidelines of the annual parliamentary session.
Xu Shaoshi, who heads the National Development and Reform Commission, said the economy's speed change, structure optimization and gear shift were all smooth.
Economic growth registered 6.9 percent last year, meeting the "around 7 percent" target, Xu said.
Unlike previous years when investment was a major contributor to growth, consumption accounted for 66.4 percent and investment only 10 percent, he said.
Services, rather than agriculture and industry, now account for more than half of GDP, Xu said.
Early indications this year also showed positive signs, including rising consumer prices and power generations, he said.
But China must not underestimate risks this year, he said, mentioning a slowly-recovering world economy, dipping prices in bulk commodities and geopolitical risks.
Domestic situation, including slowing growth, dropping prices of industrial goods, and declining corporate profits and fiscal revenue, has called for high alert, Xu said.
The government has a broad enough toolkit for the economy, and is doing research to prepare more policy measures, Xu said.
¡¡¡¡


China targets economic growth of 6.5-7 pct in 2016Tibet's foreign trade down by almost 60 pct in 2015 China raises deficit to 3 pct of GDP, cuts taxes across board China announces 7.6-pct defense budget rise, lowest in six years China to keep inflation at around 3 pct in 2016




Goals, missions of China's new five-year planFM: China-U.S. visa arrangement 'not nullified'S. Korea slams DPRK's denunciation of UN Security Council resolutionSamsung eyes China market with mobile payment appChina introduces pro-growth measures to arrest economic slowdown


China opposes U.S. trade probe into Chinese stainless steel China's population to reach 1.42 billion by 2020 China ratchets up antipollution effort Schedules for NPC, CPPCC annual sessions on March 6 Indonesian Food Festival opens in Beijing






You are receiving this email because you subscribed to this feed at https://blogtrottr.com

If you no longer wish to receive these emails, you can unsubscribe here:
https://blogtrottr.com/unsubscribe/qhG/Zc7fXt