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

US EUROPE AFRICA ASIA 中文
Business / Economy

Chinese economy adjusting to 'new normal'

(Xinhua) Updated: 2015-08-13 15:52

BEIJING - Jinjiang used to be a manufacturing boomtown, a place making shoes and garments for American and European supermarket shelves.

But these days, the city on China's southeast coast, like many of its manufacturing bases, is losing its edge because of rising wages and lack of product innovation.

"I'm considering moving to Bangladesh," said Lin Genghuang, a Jinjiang native who owns a shoe factory. "Business is barely holding up here."

Lin said the company's export volume is still climbing, but rising wages, the appreciation of the yuan and intense price competition are squeezing the already paper-thin profit margin.

After China's World Trade Organization accession in 2001, cheap labor has fueled its export boom and powered the economy to become the world's second largest. But China's manufacturing sector is running into problems these days: squeezed from one end by markets with even lower labor costs, such as Vietnam and Malaysia, and yet struggling to move to a higher value chain because of intensified competition from developed nations.

Some 3,000 km away from Jinjiang, in the northeastern city of Harbin, a deepening economic malaise is forcing companies to reinvent themselves to survive.

Harbin Boiler Company Ltd, a state-owned thermal power equipment manufacturer, is experiencing double blows -- the slowing economy and a national campaign to curb pollution and cut emissions.

With orders falling and profits shrinking, the company has no choice but to change, its president, Wang Dexing, said.

To improve competitiveness, the company is striving to develop new products, expand markets in emerging economies and tap into new businesses such as sea water desalination, nuclear power equipment and environmental protection.

This is a part of China's broader economic reality: Anemic economic momentum is driving the government to seek new sources of growth while forcing domestic and multinational companies to look for a Plan B.

Weighed by a property market downturn, cooling investment growth and unsteady demand both at home and abroad, China's economy has stumbled during the past two years and is widely expected to post its weakest growth in a quarter of a century this year.

Although growth is slowing, it is more balanced and sustainable -- a "new normal," as it is called by Chinese President Xi Jinping.

Under the "new normal," the importance of growth speed is eclipsed by immensely complex structural reforms going on to transform the economy to one that relies more on the services sector, domestic spending and innovation.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产一级片毛片 | 天天鲁天天爱天天鲁天天 | 全部aⅴ极品视觉盛宴精品 全部免费a级毛片 | 成年人免费小视频 | 久久精品国内一区二区三区 | 一级a美女毛片 | 大学生一级一片第一次免费 | 在线视频一区二区日韩国产 | 久久成人网18网站 | 三级毛片在线 | 国产女人在线观看 | 午夜久久久久久久 | 很黄很暴力深夜爽爽无遮挡 | 国产成人精品久久亚洲高清不卡 | 国产欧美日韩综合精品无毒 | 亚洲天堂一区 | 欧美a级在线 | 国产三级网 | 99久久免费精品 | 成人看片黄a在线观看 | 亚洲一区视频在线 | 国产精品久久久 | 国产深夜福利视频网站在线观看 | a理论片| 手机在线观看a | 美女黄色在线网站大全 | 人人公开免费超级碰碰碰视频 | 免费在线国产视频 | 三级网站在线免费观看 | 国产在线精品二区韩国演艺界 | xh98hx国产在线视频 | 日本视频在线观看不卡高清免费 | 在线播放免费一级毛片欧美 | 中日韩一区二区三区 | 欧美一级视屏 | 日韩免费精品一级毛片 | 亚洲欧美18v中文字幕高清 | 成人a一级毛片免费看 | 日本亚洲欧美高清专区vr专区 | 日本久草视频 | 日本a级毛片免费视频播放 日本a级三级三级三级久久 |