Last year, domestic demand contributed 92% of GDP to the economic transformation

Source: Internet
Author: User
Wang Shifeng 2010, the final consumption and capital formation, the contribution rate of China's economy in about 92%, China's economic strategy for the strategic transformation of domestic demand in a good start to the "answer."  The National Bureau of Statistics, Jiantang, said at a news conference yesterday that domestic demand contributed to China's economic growth by about 92% per cent in 2010.  The figures show that consumption, investment and exports, known as the "troika", are more balanced in the economy's drive. More balanced structure of "troika" statistics show that in 2010, final consumption contributed 37.3% to GDP growth, boosting GDP growth by 3.9%. The contribution rate of capital formation to GDP growth is 54.8%, boosting GDP growth by 5.6%.  Exports of goods and services contributed 7.9% per cent to GDP growth, driving 2010 GDP growth by 0.8%, plus 10.3%. The journalist looked at the contribution of the final consumption, capital formation and net exports to GDP growth over the past 2009 years, and found that it pulled 4.6, 8.0 and 3.9% of GDP respectively.  2010 compared with 2009, the remarkable feature is that the contribution of consumption to GDP is stable, the economy mainly rely on investment-driven situation eased, China's export growth has stabilised.  In the 2010, China not only created a more reasonable "troika" structure, but also made breakthroughs in many economic restructuring issues.  For example, China's industrial structure has been further optimized, with High-tech industries, including emerging strategic industries, growing 16.6% per cent last year, up 8.9% per cent faster than in 2009, meaning that China's industry relies on higher-energy, highly polluting, low-value-added enterprises to improve further.  More noteworthy is that China has achieved remarkable results in energy saving and emission reduction, energy saving and consumption reduction.  Jiantang said, 2010 and the entire "Eleven-Five" period, the goal of energy-saving consumption can basically be achieved.  And 10.3% of GDP growth proves that last year's structural adjustment in general did not unduly affect economic growth throughout the year.  "Twelve-Five" structural adjustment in the year, the statistics released by the National Bureau of Statistics show that, after 2009 China's economic growth rate of 9.2%, 2010 than the previous increase of 10.3%, set a deal with the international financial crisis since the new record.  China's economy, which grew at a quarterly pace in the first three quarters of last year, rebounded to 9.8% in the fourth quarter. "This means that the Chinese economy has avoided the potential for overheating, and has avoided the fear of ' two-dip ', which is transitioning and evolving into a normal trajectory of independent growth."  Jiantang said at a news conference.  In the 2011, although tackling inflation seems to be the central government's priority, the restructuring is also in the government's overall arrangement. Taking the investment as an example, although the growth rate of fixed assets investment has fallen by 6.2% in recent years, the decline is rare, but the deep-seated problem of unreasonable structure has not been completelySolution。  For example, local real estate industry rapid development, land financial enthusiasm is not reduced, the fiscal system of local authority and the right to the financial authority is one of the main reasons for this situation; After several rounds of consumption stimulation, the residents ' consumption is weak, and the reform of income distribution is the key problem to continue to promote consumption At the end of last year, the Central Economic Work Conference proposed that the reform should be intensified, emphasizing the need for greater determination and courage to comprehensively promote reform in all areas, and to strengthen the reform of the top-level design.  This has shown that restructuring reform will be consistent in this year's work.  At present, how to control inflation effectively, implement adjustment structure reform without unduly affecting the real economic operation test the wisdom of the government. Nomura believes that China will implement a variety of structural measures in 2011 to achieve sustainable, faster medium-term growth, the Chinese government will have 3 main policy direction: first, the growth model from the investment drive to the domestic consumption of the drive, the second is to promote the transfer of industry; third, improve energy efficiency, Promote the development of strategic emerging industries.

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.