摘要
IN 2013 China’s new leadership steered the country onto a fast and stable development track in accordance with the people’s expectations.Aiming for an economic growth rate of about 7.5 percent for2014 is both achievable and necessary.To reach this goal against the backdrop of a sluggish global economy,China needs to rely on domestic demand,which in large part arises through investment.To spur investment by local governments,the
IN 20l3 China＇s new leadership steered the country onto a fast and stable development track in accordance with the people＇sexpectations. Aiming for an economic growth rate of about 7.5 percent for 2014 is both achievable and neces- sary. To reach this goal against the backdrop of a sluggish global econo- my, China needs to rely on domestic demand, which in large part arises through investment. To spur invest- ment by local governments, the issue of financing platforms should be fun- damentally addressed. From a long- term perspective, local governments should be allowed to issue bonds. Further, to promote investment in the field of industrial modernization, more financial support and better gov- ernmental coordination are needed.
