By contrast to a slowdown in the world economy, China kept up a rapid growth rate, a relatively high quality of growth and low inflation for the year 2001. This is mainly due to the result of proactive fiscal policies...By contrast to a slowdown in the world economy, China kept up a rapid growth rate, a relatively high quality of growth and low inflation for the year 2001. This is mainly due to the result of proactive fiscal policies that the Chinese Government adopted to stimulate domestic demand. Domestic demand can be divided into investment demand and consumption demand,展开更多
The State Council conducted researches and deployed measures to further expand domestic demand to facilitate steadfast economic growth, as well as nailed down ten measures, which will invest in a total of RMB four tri...The State Council conducted researches and deployed measures to further expand domestic demand to facilitate steadfast economic growth, as well as nailed down ten measures, which will invest in a total of RMB four trillion Yuan till the end of 2010 to stimulate domestic demand. Following that, the State Council issued six policies and measures to promote sound development of the light industry and other industries, like textile industry. This enables us to see the determination and action of the government in combating the financial storm and developing the social economy. Meanwhile, it is a good news to the textile industry in unfavorable situation, which can be deemed as an unprecedented powerful policy supports. Absolutely, this will bring a opportunity to China's textile industry. Therefore, we pick out items closely interrelated to the textile industry from the "10+6" policy for elaboration, so as to work out how we shall take full advantage of the supports. Wherein, the ten measures to expand domestic demand do not directly target the textile industry, but they will, with the implementation of various policies and investments, surely drive domestic demand to grow, and contribute to the growth of textile industry.展开更多
China can invigorate its economy by expanding domestic demand and boosting consumption chinese bankers are preparing to set up finance companies that provide consumer loans in major cities like Beijing and Shanghai.
China’s consumer price index (CPI) continued to rise, but has slowed down since March. Although the country’s producer price index (PPI) scored new highs for months, international commodity prices fell substantially...China’s consumer price index (CPI) continued to rise, but has slowed down since March. Although the country’s producer price index (PPI) scored new highs for months, international commodity prices fell substantially. But the Gross Domestic Product deflator, another important index which measures the change in prices of all new, domestically produced, final goods and services in an economy, indicates that the CPI’s slowdown has not yet brought any relief from inflation in the country. Will China soon see the end of inflation, or was it just a breather before another inflationary peak? The 21st Century Business Herald, a business newspaper published semiweekly, interviewed Huo Deming, an economics professor at the China Center for Economic Research at Peking University, for some insights.展开更多
The slower expansion of domestic demand has put pressure on economic growth as the Chinese economy enters a new normal stage. Since the industrial structure can only be effectively upgraded through appropriately expan...The slower expansion of domestic demand has put pressure on economic growth as the Chinese economy enters a new normal stage. Since the industrial structure can only be effectively upgraded through appropriately expanding aggregate demand, three relationships must be balanced:展开更多
In recent years,the changes in the external environment and domestic development conditions have promoted the transformation of China's economy to one dominated by domestic circulation.In December 2020,the Communi...In recent years,the changes in the external environment and domestic development conditions have promoted the transformation of China's economy to one dominated by domestic circulation.In December 2020,the Communist Party of China Central Committee put forward the demand-side reform for the first time in order to prepare China for the new development stage of the 14th Five-Year Plan(2021-2025)and to promote the new strategic deployment of China's high-quality development.Based on the paths and direction of the current 14thFive-YearPlan(2021-2015)tobuild a new development pattern,this paper elaborates on the theoretical connotations of the demand-side reform,points out the bottlenecks such as the unreasonable demand structure in China,the mismatch between the industrial system and the high-level demand,the resulting demand spillovers,the poor demand channels,and puts forward the current approaches to thedemand-sideereform in China.展开更多
Accelerating the establishment of a new development paradigm in which domestic and overseas markets reinforce each other,with the domestic market as the mainstay,has posed new requirements for deepening the consumptio...Accelerating the establishment of a new development paradigm in which domestic and overseas markets reinforce each other,with the domestic market as the mainstay,has posed new requirements for deepening the consumption tax reform.Therefore,we need to focus on accelerating the establishment of a new development paradigm,combined with the establishment of a modern fiscal and tax system and tax attributes,and make effective institutional arrangements for comprehensively promoting consumption,expanding domestic demand and then forming a strong domestic market.It is meaningful to reduce tax on consumer goods involved in upgrading consumption to meet people’s needs for a better life and to raise tax on high energy-consuming,highly polluting and unhealthy consumer goods to enhance the regulatory role of consumption tax and to promote the overall optimization and upgrading of the industrial structure.The revenue of consumption tax on key tax items(categories)should belong to the central government to facilitate the smooth flow of the economic circulation.展开更多
文摘By contrast to a slowdown in the world economy, China kept up a rapid growth rate, a relatively high quality of growth and low inflation for the year 2001. This is mainly due to the result of proactive fiscal policies that the Chinese Government adopted to stimulate domestic demand. Domestic demand can be divided into investment demand and consumption demand,
文摘The State Council conducted researches and deployed measures to further expand domestic demand to facilitate steadfast economic growth, as well as nailed down ten measures, which will invest in a total of RMB four trillion Yuan till the end of 2010 to stimulate domestic demand. Following that, the State Council issued six policies and measures to promote sound development of the light industry and other industries, like textile industry. This enables us to see the determination and action of the government in combating the financial storm and developing the social economy. Meanwhile, it is a good news to the textile industry in unfavorable situation, which can be deemed as an unprecedented powerful policy supports. Absolutely, this will bring a opportunity to China's textile industry. Therefore, we pick out items closely interrelated to the textile industry from the "10+6" policy for elaboration, so as to work out how we shall take full advantage of the supports. Wherein, the ten measures to expand domestic demand do not directly target the textile industry, but they will, with the implementation of various policies and investments, surely drive domestic demand to grow, and contribute to the growth of textile industry.
文摘China can invigorate its economy by expanding domestic demand and boosting consumption chinese bankers are preparing to set up finance companies that provide consumer loans in major cities like Beijing and Shanghai.
文摘China’s consumer price index (CPI) continued to rise, but has slowed down since March. Although the country’s producer price index (PPI) scored new highs for months, international commodity prices fell substantially. But the Gross Domestic Product deflator, another important index which measures the change in prices of all new, domestically produced, final goods and services in an economy, indicates that the CPI’s slowdown has not yet brought any relief from inflation in the country. Will China soon see the end of inflation, or was it just a breather before another inflationary peak? The 21st Century Business Herald, a business newspaper published semiweekly, interviewed Huo Deming, an economics professor at the China Center for Economic Research at Peking University, for some insights.
文摘The slower expansion of domestic demand has put pressure on economic growth as the Chinese economy enters a new normal stage. Since the industrial structure can only be effectively upgraded through appropriately expanding aggregate demand, three relationships must be balanced:
文摘In recent years,the changes in the external environment and domestic development conditions have promoted the transformation of China's economy to one dominated by domestic circulation.In December 2020,the Communist Party of China Central Committee put forward the demand-side reform for the first time in order to prepare China for the new development stage of the 14th Five-Year Plan(2021-2025)and to promote the new strategic deployment of China's high-quality development.Based on the paths and direction of the current 14thFive-YearPlan(2021-2015)tobuild a new development pattern,this paper elaborates on the theoretical connotations of the demand-side reform,points out the bottlenecks such as the unreasonable demand structure in China,the mismatch between the industrial system and the high-level demand,the resulting demand spillovers,the poor demand channels,and puts forward the current approaches to thedemand-sideereform in China.
文摘Accelerating the establishment of a new development paradigm in which domestic and overseas markets reinforce each other,with the domestic market as the mainstay,has posed new requirements for deepening the consumption tax reform.Therefore,we need to focus on accelerating the establishment of a new development paradigm,combined with the establishment of a modern fiscal and tax system and tax attributes,and make effective institutional arrangements for comprehensively promoting consumption,expanding domestic demand and then forming a strong domestic market.It is meaningful to reduce tax on consumer goods involved in upgrading consumption to meet people’s needs for a better life and to raise tax on high energy-consuming,highly polluting and unhealthy consumer goods to enhance the regulatory role of consumption tax and to promote the overall optimization and upgrading of the industrial structure.The revenue of consumption tax on key tax items(categories)should belong to the central government to facilitate the smooth flow of the economic circulation.
