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Economic figures for the third quarter indicate a further slowdown (8)

By Zhou Xiaoyan (Beijing Review)

08:18, October 22, 2012

Tasks and risks

China is at a crossroads and is confronted with a number of challenges, including sustaining growth, shifting the focus of its economy and curbing inflation, said an analytical report on China's macroeconomy, released by the Institute of Economic Research at Renmin University of China on September 22.

"Market-oriented economic growth and sustaining growth by structural adjustment should be the top choices for the country," said the report. "Meanwhile, further urbanization and industrialization are feasible ways to realize those goals."

"In the short run, sustaining growth should be the top priority," said Wang Yu, Deputy Director of the Research Bureau of the People's Bank of China, the country's central bank.


"However, in the long run, pushing forward economic reform is most important because long-term economic development depends on how well reforms are carried out in the country," Wang said.


【1】 【2】 【3】 【4】 【5】 【6】 【7】 【8】



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