e-magazine
The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Expert's View
World
Nation
Business
Finance
Market Watch
Legal-Ease
North American Report
Forum
Government Documents
Expat's Eye
Health
Science/Technology
Lifestyle
Books
Movies
Backgrounders
Special
Photo Gallery
Blogs
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Web-magazine
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue
eBeijing

Latest
Special> Coping With the Global Financial Crisis> Latest
UPDATED: September 7, 2009
Gov't to Leave off Role in Driving Chinese Economy Next Year: Senior Economist
major driving forces of China's economy would be property development, corporate investment and exports next year
Share

major driving forces of China's economy would be property development, corporate investment and exports next year, instead of government-led spending for this year, a top economist said Monday at a forum in Xiamen in eastern Fujian Province.

The Chinese government this year arranged an economic stimulus package valued at 4 trillion yuan (586 billion U.S. dollars) to push the national economy forward.

Fan Gang, head of the research foundation for China's economic restructuring, said financial support to the Chinese economy would slacken next year, while other factors would play a bigger role in economic growth.

For example, investment in the real estate sector would likely grow at an average annual rate of 20 percent to 30 percent.

The exports sector, previously a major driving force for the Chinese economy, had been hit hard by the world's financial downturn, but would recover and regain double-digit growth next year, Fan said.

In the post-downturn era, Fan said, the world would return to normal economic structure, with more effort from the manufacturing sector. Meanwhile, low-carbon economies would become a new growth area, and emerging markets would play an increasingly important role in the global economy, he said.

(Xinhua News Agency September 7, 2009)



 
Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Most Popular
 
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved