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

News >Bizchina

12th Five-Year Plan seen to boost domestic consumption

2011-03-04 14:31

MANILA - The 12th Five-Year Plan to be approved by China's National People's Congress session starting Saturday is a watershed for what has recently emerged as the world 's second largest economy.

It's widely expected that the plan is likely to contain measures to boost domestic consumption - a sign that China's leadership is gradually steering its economy away from export and investment-led growth.

"The 12th Five-Year Plan is probably China's most important ( economic) plan in terms of its depth, complexity and the challenges (it seeks to address)," said Yolanda Fernandez Lommen, head of the China economics unit at the Manila-based Asian Development Bank.

Lommen said the Chinese government aims to restructure and rebalance the economy and reduce inequality. It's also important, she notes, to promote equal income distribution that the recent gains from the economic boom will benefit the majority of China's population.

Lommen is especially keen on the fiscal policy that will be in place from 2011 to 2015.

"This is very important as this is the way for the Chinese government to secure enough resources to fund the reform that must be implemented (under the Five-Year Plan)," she said.

"It's not going to be cheap to provide universal health insurance and pension to 1.3 billion people," she stressed. But Lommen is confident that given China's solid public finance, it has enough space to be more expansionary and provide more resources to social security.

The strengthening of social safety nets is crucial in raising consumption, which now accounts for only a third of China's GDP. This is among the lowest in the world a fact that most economists attribute to fear-based precautionary savings.

"If you don't have pension, health insurance or (access to free) public education, you need to save a lot," Lommen said.? Social safety nets will free up some of these savings, expanding consumers' disposable income and raising consumption.

There are strong signs that China's government is going in that direction. The State Council, China's Cabinet, on Wednesday approved in principle a proposal to raise the personal income tax threshold. Premier Wen Jiabao also announced that the government plans to build 36 million "affordable homes" by 2015. The details will be finalized during the National People's Congress, but proposals are expected to benefit low income households and boost their purchasing power.

Aside from its pro-consumption policy, the 12th Five-Year Plan also includes measures that adapts to the challenges of the 21st century climate change and overpopulation. It also focuses on the developing of strategic emerging industries such as alternative energy, new materials and information technology.

Lommen noted that this won't be achieved overnight. The development of new industries, for instance, will entail huge investment on research and development and education.

Related News:

主站蜘蛛池模板: 清水县| 遂平县| 休宁县| 蕉岭县| 昌吉市| 丹凤县| 益阳市| 辽阳县| 仁布县| SHOW| 泰宁县| 屏山县| 兴海县| 府谷县| 青州市| 高台县| 拜城县| 手游| 林口县| 泾阳县| 富顺县| 建阳市| 宣威市| 玉屏| 凉山| 海门市| 永安市| 青神县| 乐东| 康平县| 濮阳县| 兰考县| 新兴县| 福泉市| 武定县| 尤溪县| 凉城县| 灵璧县| 瑞昌市| 阜宁县| 扬州市| 霞浦县| 类乌齐县| 清镇市| 新龙县| 塔河县| 搜索| 罗定市| 法库县| 南澳县| 绥棱县| 千阳县| 彰化市| 嘉兴市| 荣昌县| 新平| 乌鲁木齐市| 陆川县| 通山县| 浦县| 蒙山县| 枞阳县| 阳新县| 鄂托克旗| 扎赉特旗| 甘德县| 孝昌县| 阜宁县| 宣武区| 东源县| 天等县| 托克逊县| 佳木斯市| 扶风县| 霸州市| 蓬莱市| 儋州市| 轮台县| 友谊县| 五莲县| 邵武市| 利津县|