男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影
USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / View

Long road for consumption to go

By Lan Lan | China Daily | Updated: 2013-07-05 07:21

In addition, the redistribution system is tilting in favor of high-income groups, which also constrains the nation's purchasing power.

One-fifth of China's richest people save about 50 percent of their annual income because their demand for cars and houses have been largely satisfied.

Low-income groups have higher demand but lack purchasing power because they have gained little in redistribution.

China has the world's highest household savings rate, due to a weak social safety network, which keeps savings rates high and consumption low.

Boosting consumption will eventually be up to the reform of China's distribution system. Barriers to consumption should be cleared, he said.

"China has moved from a high-growth era to slowing growth, and the economy will be on the downswing in the coming years. However, reforms and innovations that are being worked on by the new leadership will lay a foundation for growth," he said.

The media has previously reported that the new leadership is working on a package of economic and financial reforms and major decisions are expected to be made at a Party meeting in the autumn.

Reform of the energy and resource-pricing system, the household registration system (hukou) and social security system, as well as reform of State-owned companies' role in competitive industries, should get top priority on the regulators' to-do list, said Ma.

Meanwhile, the investment-led growth model have led to a sharp increase of local government borrowing and added risks to banks by exposing them to local government debt.

Outstanding bank loans to local government financing vehicles totaled 9.59 trillion yuan ($1.55 trillion) at the end of the first quarter, said Shang Fulin, chairman of the China Banking Regulatory Commission, at a recent financial forum.

The risks of local debt need to be watched, but the risks are fragmented at the local level, which is not as serious as the sovereign debt crisis in the eurozone, said Ma.

To ease the fiscal constraints of local governments, the central government needs to further reform its fiscal and tax systems and allow local governments to gain larger financial power, he said.

Don't miss:

Intense focus on debt

Economy 'no house of cards'

No return in nation's economic transition

Previous 1 2 Next

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 论坛| 新巴尔虎右旗| 博罗县| 沾化县| 宝兴县| 高尔夫| 肇源县| 曲阳县| 外汇| 八宿县| 茌平县| 象山县| 仲巴县| 额济纳旗| 芒康县| 福贡县| 柘荣县| 宽城| 广灵县| 锡林郭勒盟| 富民县| 梅河口市| 安新县| 砚山县| 仁寿县| 五华县| 万载县| 珲春市| 交城县| 石狮市| 肇东市| 乐亭县| 肥西县| 沅江市| 睢宁县| 阿拉善盟| 海林市| 嫩江县| 建湖县| 油尖旺区| 甘泉县| 阿拉善右旗| 伊通| 交口县| 宝清县| 石门县| 金阳县| 潼关县| 阿鲁科尔沁旗| 贺州市| 兴安县| 安远县| 清水县| 乐陵市| 黑河市| 铜鼓县| 南乐县| 富川| 内丘县| 江油市| 海宁市| 白玉县| 布尔津县| 庐江县| 荔浦县| 华蓥市| 玛纳斯县| 成安县| 福安市| 鲁山县| 咸阳市| 陕西省| 宁乡县| 永济市| 陇川县| 高淳县| 营山县| 铅山县| 化州市| 大关县| 康定县| 长岛县|