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- 651118
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- 2011-7-15
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- 1970-1-1
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2'26, 1'26, 1'22, 1'07, 1'35 9' 1. China’s Prime Minister Wen announced that China will make a slightly lower GDP growth. A slowing China will negatively impact the global economy, but China needs to slow its economy down and the lowing is inevitable, partly because China has experienced a large economy growth, and partly because its one-child policy make its population tend to be aged. 2. A slower economy is a healthy pattern to China. Chinese development has been too dependent on the exports and investment, and it should shift to a pattern focusing on the domestic consumption. Chinese leadership has realized this problem, and this is why Wen claims a lower GDP growth target and emphasizes to advance people’s living standards. 3. Although it’s clear that China needs to have a slower-growing economy, there is no signal that Chinese leadership won’t pursue a high growth and will let the slowing growth happen. Chinese leadership always tries best to stimulate the economy, maintaining a high growth. 4. A Chinese economist unveils Wen’s statement about a lower economy growth and claims that Wen’s growth forecast is a measure to comfort the Chinese. 5. That China insist on keeping its growth so high is to enhance its leading power, no matter the growth pattern do benefit its people or not. What the policymakers care the most is their stable leading status, at least in the short term. 6. Although a slow Chinese economy will hurt the global economy, Chinese current growth pattern harm the world economic stability in the long time. |
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