Good year-end 'to secure target'
Updated: 2014-03-10 01:08
By Zheng Yangpeng (China Daily)
|
|||||||||||
Another concern among economists is that growth will be dragged down by slowing investment, because fixed-asset investment accounted for about half of the country's growth in the past few years. The NDRC's report this year has already lowered its expectation for fixed-asset investment to 17.5 percent, down from 18 percent a year ago.
Song acknowledged there are many negative factors in investment, including a glut of capacity in some industries, and rising borrowing costs. But he also pointed out a number of "bright spots" for investment.
One is the fast growing investment in strategic and emerging industries, such as biotechnology, new materials and alternative energy.
For traditional industries, there is also enormous demand for technological renovation and equipment upgrading.
In the long term, the rising of information technology and the service sector is also one of the bright spots, Song said.
For the property sector, he said demand remained robust in many county-level cities as massive numbers of migrant workers, after earning money in large cities, buy houses in their hometowns.
Separately, the consumer price index, a main gauge of inflation, increased 2 percent year-on-year in February, down from 2.5 percent in January, the National Bureau of Statistics said on Sunday.
|
|
Related Stories
NBS director on GDP calculation issue 2014-03-07 20:53
Fujian GDP outstrips Shanghai's 2014-03-06 17:33
Shanxi's GDP increases by 8.9 percent year on year 2014-03-06 15:03
Today's Top News
The search for flight 370 goes on
Obama to meet Ukrainian PM
China to curtail death penalty
Tougher penalty for underage prostitutes
Dailai Lama 'sabotaged ties'
777 vanishes: Malaysia Airlines says so far no evidence of any wreckage
Malaysia plane crashed off coast of Vietnam
'I was supposed to be on that plane'
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Mene slims amid austerity |
Smoke-free two sessions |
Course for reform charted |
Terror attack survivors recount nightmare |
Mandarin or dialect? |
Landing scare grounds homemade planes |