- published: 01 May 2016
- views: 132
China's GDP grew 6.7 percent in the first quarter, slowing from 6.9 percent growth in the preceding quarter but still in line with the official target of "a range of 6.5 to 7 percent growth" for 2016. In the first three months, major indicators showed that the economy was operating in a reasonable range. The growth of gross domestic product, urban job creation and incomes of urban and rural residents all met the targets. An international economist said the Chinese economy is going through a difficult switching period now and it's normal that the economy will slow.
http://www.euronews.com/ Consumer-led growth is the buzz phrase among China's new rulers. With the changing of the guard at the National People's Congress, those taking over at the top have been told by the outgoing leaders to get the Chinese people spending more and narrow the gap between rich and poor. In the government's annual policy speech, outgoing Premier Wen Jiabao said that after decades of double-digit growth, the emphasis would no longer be on expansion at all costs: "This year's economic growth target of around 7.5 percent is necessary and appropriate, and we need to work hard to achieve it." He added: "We should unswervingly take expanding domestic demand as our long-term strategy for domestic development." The plan is to rebalance China's economic model shifting away fr...
China has achieved extraordinary economic growth in the last several decades. Now, China’s long-term future requires an ambitious restructuring of its economy, emphasizing domestic consumption over government investment. In advance of President Xi Jinping’s September 23-26 US state visit, senior leaders from Goldman Sachs discuss why China’s economic transformation is necessary, the potential challenges to the transition, and the country’s evolving role as a global economic superpower. Learn more: http://link.gs.com/6OBo
This is the business podcast with Zhenyu Li from People's Daily Online Business Channel (PDO Biz). The content is based on exclusive interviews with J.P. Morgan managing director Jing Ulrich and former chairman of Morgan Stanley Asia Stephen Roach. For more quality features, visit PDO Biz at: http://english.people.com.cn/business/index.html
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Hong Kong will face a difficult year ahead in 2016 says HKSAR Financial Secretary John Tsang. Speaking beside the Asian Financial Forum, he says Hong Kong’s external-facing economy is challenged by the economic “doldrums” of a number of partners so will have to rely a lot more on domestic consumption for growth. He says China’s Belt and Road Initiative offers excellent opportunities for Hong Kong’s commercial, logistics, professional services and finance sectors – as these are all needed by the 65 countries on the Belt and Road. Speaker: John Tsang, Financial Secretary, Hong Kong SAR Government Related Links: Hong Kong Trade Development Council http://www.hktdc.com/ Asian Financial Forum http://www.asianfinancialforum.com/en/index.htm
China's Spring Festival has witnessed robust domestic consumption. Ministry of Commerce statistics show that sales volume in the retail sector and catering industry stood at 754 billion yuan, a year-on-year increase of 11.2%. Subscribe to us on Youtube: https://www.youtube.com/user/CCTVNEWSbeijing Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
소비, 5년7개월만에 최대 감소 Last month, domestic consumption fell by the largest amount in more than five years. According to Statistics Korea, retail sales plunged in all categories, from household appliances to clothing. The agency said that was accompanied by a dip in industrial production... the first since April. Kim Hyo-sun reports. Domestic consumption in Korea showed the largest drop in more than 5-and-a-half years, coupled with the worldwide recall and production halt of Samsung Electronics' Galaxy Note 7. According to Statistics Korea, last month's retail sales, which reflect overall consumption, plunged 4.5 percent, compared to a month earlier... in all categories including food and beverages, household appliances and clothing. This was the largest dip since February of 2011. ...
Korea, the world's 12th largest economy, may have reached the limits of its ability to induce growth in the local economy by solely relying on exports. Kim Ji-yeon reports. Booming exports were once the golden ticket for the Korean economy. But in recent years there has been rising speculation that the country's export-driven economy may have reached the limits of its ability to induce growth. Data from the Bank of Korea shows the number of those employed has gradually reduced... despite a surge in exports. For every increase in exports worth one-billion Korean won, or 933-thousand U.S. dollars in 2011, less than six people found new jobs. That's a sharp reduction from 1995, when more than 20 people found new jobs for every increase in exports of the same amount. Many in Korea sugge...
It's day two of Korea's four-day "Golden Holiday" weekend in Korea. The weather isn't the best, but expressways out of Seoul are becoming increasingly congested as families enjoy a rare chance to recharge their batteries. Oh Soo-young fors us, this morning. It might be a damp and dreary morning but many Koreans are out and about, and on the road, to make the most of their four-day weekend. In a bid to drive up domestic consumption, the government designated Friday as an extra public holiday as it was sandwiched between Children's Day and the weekend. To encourage the public to take trips, toll fees across expressways have been waived and entrance fees to museums, palaces and other tourist hotspots have been slashed to zero. Korea's police agency estimates more than five million vehicles w...
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The mutual fund industry in Chile now represents approximately 20 percent of its GDP, illustrating the country's potential for investment. But is this growth set to continue in the coming 12 months? Rene Peragallo, Head of Institutional Equity Funds with BCI Asset Management, discusses the current situation in Latin America, and how the country's future growth will be fuelled by domestic consumption. For a full transcript visit: http://www.worldfinance.com/videos/chiles-domestic-consumption-will-fuel-future-growth-says-bci For more World Finance videos go to http://www.worldfinance.com/videos/