久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

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

Lawmakers to stress stability, infra investments

By ZHOU LANXU and LIU ZHIHUA | China Daily | Updated: 2022-02-28 09:13
Share
Share - WeChat
A worker walks across a digital manufacturing workshop of an electronic technology company in Ganzhou, Jiangxi province, on Feb 19. [Photo by Zhu Haipeng/For China Daily]

Official data showed that the country allocated 1.46 trillion yuan of the 2022 local government special bond quota in advance last year to spur infrastructure investments, with 484.4 billion yuan in special bonds having been issued in January. The bond proceeds will be used mainly in nine areas, including transportation, energy and environmental protection.

The country has also stressed at top-level meetings to carry out in advance infrastructure investments and speed up the construction of major projects arranged by the 14th Five-Year Plan (2021-25), which has had a positive impact on certain sections of the A-share market as well as commodity markets.

"The (steel) market has turned optimistic about this year's infrastructure investment growth as different regions successively rolled out major construction projects as part of pro-growth efforts," said Ma Lijiang, deputy general manager of Jingye Group Sales Corp, a steel producer based in Pingshan county, Hebei province.

"This will significantly drive market demand for steel products. We will seize the opportunity to expand our market presence," Ma said.

Apart from infrastructure investment plans, the two sessions may release policy measures to boost investments in high-tech manufacturing, green development and digital transformation in order to bolster the economy, said Cheng Shi, chief economist at Hong Kong-based ICBC International.

Thanks to sped-up investments in infrastructure and green development, buoyant high-tech manufacturing sectors and the construction of affordable housing projects, the Chinese economy may stabilize in the second half of the year and achieve full-year GDP growth of 5.1 percent, Cheng said.

Experts also expect the two sessions to announce tax and fee cuts of a greater amount compared with last year's roughly 1.1 trillion yuan, which will play a key role in cushioning economic downward pressure and vitalizing market players.

Finance Minister Liu Kun said in a recent article published by People's Daily that the country will scale up tax and fee cuts this year, with a focus on medium, small and micro-sized enterprises, self-employed businesses and manufacturers.

On the monetary policy front, experts said the two sessions may stick with China's commitment to avoiding flood-like stimulus and ensuring flexible and appropriate support for the economy, implying that there will remain some space for cuts in interest rates and the reserve requirement ratio if economic sentiment sours.

Chen Xingdong, chief China economist with BNP Paribas, said the People's Bank of China, the country's central bank, will likely further cut the policy interest rate in April or May by 5 basis points to boost credit growth and stabilize domestic demand.

As growth stabilization has become a top policy priority for the year, experts also anticipate more measures to be unveiled at the two sessions to fend off side effects of economic stimuli, like undermining debt sustainability and piling up financial risks.

Financial regulators will stay alert for any inappropriate allocation of liquidity that could spark financial risks in key areas like local government debt and the property market, said Cheng from ICBC International.

To avoid non-repayments of special bonds, the government will attach more importance to ensuring that infrastructure projects are able to generate adequate investment returns while stressing the effectiveness of fiscal policy in supporting the economy, Cheng said.

"Planning of infrastructure should be aligned with the future of economic growth," said Pang with ING. "Audit of local governments should be tighter to increase the efficiency of the use of funds in infrastructure projects."

Kaifusai Julaiti contributed to this story.

|<< Previous 1 2 3   
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: 丝袜毛片 | 亚洲国产爱久久全部精品 | 鲁老汉精品视频在线观看 | 成年美女黄网站色视频大全免费 | 99在线观看精品 | 欧美精品做人一级爱免费 | 丁香狠狠色婷婷久久综合 | 久草在线视频免费资源观看 | 亚洲视频欧美 | 午夜在线伦理福利视频 | 日本高清视频www夜色资源 | 国产精品免费一区二区三区 | 欧美精品综合一区二区三区 | 免费在线观看一区二区 | 免费的三级毛片 | 毛片免费观看成人 | 国产在线综合一区二区三区 | 亚洲国产精品免费观看 | 一区二区在线播放福利视频 | 一区二区三区久久 | 黄色三级理论片 | 国产精品成人观看视频网站 | 真人毛片 | 国产在线播放一区 | 黄色网址在线免费观看 | 草草影院www色欧美极品 | 在线亚洲观看 | 久久高清一级毛片 | 韩国精品一区视频在线播放 | 欧美亚洲国产成人综合在线 | 国产图片亚洲精品一区 | 女人张开腿让男人桶视频免费大全 | 在线观看 a国v| 久久er精品视频 | 国产亚洲男人的天堂在线观看 | 国产在线成人一区二区 | 国产成人精品免费午夜 | 国产丶欧美丶日韩丶不卡影视 | 久久国产成人午夜aⅴ影院 久久国产成人亚洲精品影院老金 | 手机看片在线精品观看 | 男人桶女人逼 |