Urbanization to bolster GDP growth

0 CommentsPrint E-mail China Daily, May 19, 2010
Adjust font size:

The recent tightening of China's real estate policies is unlikely to have a negative impact on the nation's gross domestic product (GDP) growth this year, being offset by accelerating urbanization and strong growth in fixed asset investment, experts said.

Plummeting property and land sales after the launch of the country's most rigorous real estate policies in the past decade had triggered investors' anxiety over their potential impact on other sectors.

The benchmark Shanghai Composite Index suffered its biggest loss in a year on Monday, with more than 200 stocks falling to their daily trading limit of 10 percent.

"Though property developers may postpone or halt construction due to the government's real estate policies, we believe that China's urbanization can make up for these side effects on the country's economy, and the nation can still maintain 10 percent GDP growth this year," said Wang Tao, head of UBS Securities' China Economic Research.

According to a recent report by China Mayors' Association, around 50 percent of Chinese people will live in cities by 2020, and this figure will grow to 75 percent by 2050. The country's urbanization rate stood at 46.59 percent by the end of 2009.

Li Bingren, chief economist of the Ministry of Housing and Urban-Rural Development, said he expects China's urban infrastructure fixed-asset investment to top 1 trillion yuan ($146 billion) in 2010.

The country's rapid urbanization will result in the accelerated construction of urban public facilities involving a total investment of as much as 7 trillion yuan during the 12th Five-Year Plan (2011-15), 21st Century Business Herald cited Li as saying.

Sun Mingchu, chief economist of Nomura China, said investors needn't worry about the impact of property policies on China's real GDP growth.

"Even though property investment has fallen, we still expect China's fixed asset investment to maintain its 28 percent growth, along with a strong demand for raw materials," said Sun.

As of April 30, the subsequent investment scale, or the capital needed to finish all fixed asset investment projects currently under construction, has soared to 27 trillion yuan, up 27.8 percent year-on-year, according to Nomura statistics. The amount of capital is equal to 80 percent of China's GDP last year. And during the first four months of this year, the investment planned to start new projects has jumped 31.3 percent over the same period last year.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 国产成人精品亚洲一区| 真实的和子乱拍免费视频| 国产精品乱码在线观看| 久久亚洲AV无码精品色午夜麻豆| 欧美高清视频www夜色资源网| 午夜精品福利视频| 蜜芽国产尤物AV尤物在线看| 国产欧美日韩中文久久| 4480yy苍苍私人| 夜夜偷天天爽夜夜爱| 久久大香伊蕉在人线国产h| 欧美XXXX黑人又粗又长精品| 亚洲欧美中文字幕| 激情图片小说网| 免费成人一级片| 免费成人激情视频| 国产精品观看在线亚洲人成网| HEYZO无码综合国产精品| 少妇特殊按摩高潮惨叫无码| 中文字幕无码中文字幕有码| 日本亚洲黄色片| 亚洲成a人片在线观| 激情综合色五月六月婷婷| 免费大黄网站在线看| 精品人妻中文无码AV在线| 四虎免费大片aⅴ入口| 亚洲伊人tv综合网色| 国产精品高清尿小便嘘嘘| 99久久无色码中文字幕人妻 | 动漫美女吸乳羞羞动漫| 美女让男人捅爽| 四虎永久免费网站免费观看| 被cao的合不拢腿的皇后| 国产人妖系列在线精品| 麻绳紧缚奴隷女囚| 国产女18片毛片水真多| 麻豆精品国产免费观看| 国产成人av一区二区三区在线| 欧美jizzjizz在线播放| 国产欧美日韩综合精品一区二区| 色香蕉在线观看|