Economist predicts steady expansion in China's GDP

          Source: Xinhua| 2018-06-13 15:50:00|Editor: Yamei
          Video PlayerClose

          BEIJING, June 13 (Xinhua) -- The Chinese economy will maintain steady growth this year as structural reforms have made notable progress, an expert has said.

          ICBC International economist Cheng Shi predicts China's GDP will grow 6.9 percent year-on-year in 2018, with continued strength from last year.

          "We remain cautiously optimistic about China's economic future, and areas related to the new economy and consumption upgrades will create fresh investment opportunities," Cheng said.

          The country's retail sales are expected to rise 10.3 percent for the whole year, fixed asset investment up 7.1 percent, and imports up 20.5 percent. Inflation will remain tame, with the consumer price index up 2.4 percent.

          Cheng attributed the solid economic indicators in part to China's successful economic transition and opening up.

          "The supply-side structural reform has made great progress and serves as the backbone of the country's new economic resilience," Cheng said.

          Thanks to restructuring policies, the economy witnessed a rosy start in 2018, with improving corporate profits and robust private investment. Financial risks were also eased as macro leverage growth slowed and shadow banking shrank substantially.

          Cheng said tech firms flourished with the help of innovations in the capital market.

          "A positive cycle between reforms and economic resilience has taken shape, creating enormous room and momentum for further reforms in the second half of the year," Cheng said.

          The economy has held steady since the beginning of the year against rising uncertainties in global markets.

          TOP STORIES
          EDITOR’S CHOICE
          MOST VIEWED
          EXPLORE XINHUANET
          010020070750000000000000011103261372511891
          无码人妻一区二区三区四区av_亚洲精品911在线永久观看_精品一区二区国产在线观看_日韩不卡一区二区视频在线

                  五月婷婷亚洲综合视频 | 日本三级香港三级乳网址 | 自拍偷在线精品自拍偷99 | 在线欧美精品一区二区三区 | 亚洲精品在线看 | 中文字字幕在线中文乱码品 |