Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
Chinese economy has bottomed out from worst time
+ -
09:41, September 06, 2009

 Related News
 Chinese vice premier says economic policy to be "consistent", "stable"
 2010 economy 'looking good'
 China's success in economic reform draws praise
 Commentary: Long-term strategy should be mulled to maintain competitiveness
 Think tank: Chinese economy bottoming out, but to stage U-turn recovery
 Comment  Tell A Friend
 Print Format  Save Article
China's economy has bottomed out from the worst time and was in the crucial period of stabilization and recovery,Yao Jingyuan, Chief Economist with China's National Bureau of Statistics, said here Saturday.

Yao maid the remarks at the on-going 2009 International Forum on Chinese Automotive Industry Development held in Tianjin, adding that the worst time for Chinese economy was between last November and this February.

Despite the sign of life, Chinese economy still faced uncertainties, as the world's third largest economy growth was mainly boosted by investment, not consumption, he added.

Official figures showed that investment contributed 6.2 percentage points to China's 7.1 percent year-on-year gross domestic product (GDP) growth in the first half, and consumption did 3.8 percentage points. Exports, sliding for eight straight months, dragged down growth by 2.9 percentage points.

"It is not difficult for China to keep the relatively fast economic growth momentum, but what is really hard is to improve the industrial structure," Yao said, adding that the country should take advantage of the global economic downturn to enhance its innovation capabilities.

Source: Xinhua

  Your Message:   Most Commented:
Being African among the curious Chinese
Australia's permission for Rebiya's visit chills bilateral ties
Why India is pursuing military strength?
What is beyond the physical Line?
Baby alien found by Mexican farmer

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved