三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Strong investment to underpin growth in 2022, but COVID uncertainty lingers

By Zhang Yue | China Daily | Updated: 2021-12-30 08:22
Share
Share - WeChat
Cargo is uploaded onto a containership berthed at Tianjin Port on Dec 18. [Photo/Xinhua]

Stronger investment is expected to underpin China's economic growth in 2022, yet uncertainty over expansion still largely hinges on the globally rampant COVID-19 pandemic, which may impact consumption and foreign trade growth, experts and industrial insiders said.

The annual Central Economic Work Conference concluded on Dec 10 clearly emphasized stability for sound 2022 and "front-loaded "policies to be taken to prop up growth. It also announced efforts to be made in keeping reasonable market liquidity and bolstering financing support for smaller businesses, technological innovation and green development.

The economic outlook projections triggered by the conference from research bodies have been largely looking toward cross-cyclical measures to boost investment and consumption. A report by the Academic Center for Chinese Economic Practice and Thinking at Tsinghua University said the key for a steady growth in 2022 will be shoring up investment.

With an eye on the positive fiscal and monetary policies, the think tank projects that investments in infrastructure and manufacturing tend to stabilize before climbing next year. The report expects 8 percent annual growth in fixed asset investment for 2022, well above the 5.4 percent growth before the pandemic. Consumption, driven by rising household disposable income, will play a critical role.

However, as many advanced economies are bouncing back from COVID-19 and has showed strong momentum, the report warns that room for China's macro policy maneuver might be more limited.

According to a recent report by Morgan Stanley, China is expected to record a 5.5 percent economic growth in 2022. The Tsinghua report also projected that China's GDP growth in 2022 will range from 4.9 percent to 5.8 percent, and said it will be critically important next year to strike a proper balance between containing COVID-19 and economic development.

Experts from Tsinghua also placed the most notable factor impacting growth on overall containment and recovery from COVID-19, both inside and outside the country.

Lu Lin, a researcher at the Tsinghua think tank, said that at this time, the COVID-19 situation in China remains sporadic. And for foreign trade, which is a key factor to the nation's economic growth, flare-ups might be the biggest factor of uncertainty in impacting trade in the coming year.

"Going forward, enhanced efforts should be made to better guarantee well-calibrated and targeted containment measures. More professionalism is also required in investigating possible engaged areas and groups of people," said Liang Wannian, a member of the National Health Commission's expert panel.

Noting market expectations were trending downward in certain sectors since the third quarter, the Tsinghua report suggested that going forward, reasonable financing needs from certain sectors such as real estate shall be met properly as part of the efforts to guard against financial risks.

Robin Xing, chief China economist at Morgan Stanley, believes the government is switching from deleveraging efforts toward stabilizing the leverage ratio.

Xing also expected that intensified fiscal support by doubling down on tax and fee cuts for businesses and to support consumption. Tackling the risks on property businesses smoothly will have a notable impact on the economy next year.

Last week, the executive meeting of the State Council, China's Cabinet, just confirmed greater policy support for imports and exports to help business secure orders and anchor market expectations. The meeting noted the fast growth in China's imports and exports in 2021 as key contributions to recovery, but the sector faces uncertainty and imbalance.

In response, tax and fee cut measures will be further implemented, the meeting statement said. Export tax rebates will be processed faster, and the average time needed for those rebates will be cut to no more than six working days.

Banks will be guided toward developing new products around the needs of foreign trade enterprises, including insurance policy-based financing, and the RMB exchange rate will be kept basically stable, to make foreign trade enterprises more resilient to exchange rate risks.

The writer is a reporter with China Daily.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 国产在线视频二区 | 在线观看的黄色 | 日本特黄aaaaaaa大片 | 亚洲成人在线观看视频 | 免费久福利视频在线观看 | 国产精品久久久久久久人人看 | 草久久免费视频 | 天天拍久久 | 99久久国语露脸精品对白 | 国产123区在线视频观看 | 日日噜噜噜夜夜爽爽狠狠 | 精品欧美一区二区vr在线观看 | 日韩一区二区在线播放 | 99视频在线永久免费观看 | 一级无遮挡理论片 | 女人被免费网站视频在线 | 久久青青操 | 女人天堂网在线观看2019 | 亚欧成人一区二区 | 成人一级网站 | 在线精品视频在线观看高清 | 国产精品一区二区三 | 国产成人免费高清在线观看 | 亚洲这里只有精品 | 一级毛片短视频 | 播放中国女人毛片一级带 | 9久热这里只有精品视频在线观看 | 亚洲在线视频免费 | 激情影院在线视频永久观看 | 国产成人综合网亚洲欧美在线 | 亚洲国产成人久久一区二区三区 | 亚洲国产精品久久久久网站 | 精品国产欧美一区二区五十路 | 亚洲欧美专区精品久久 | 韩国 欧美 日产 国产精品 | 女人18一级特级毛片免费看 | 巨大巨粗巨长 黑人长吊视频 | 国产精品久久久久久久久鸭 | 黄色大片一级 | 一97日本道伊人久久综合影院 | 国产视频999 |