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Hu: Chinese Economy to Maintain Stable Growth

Data Analysis 03:38:26PM Jun 18, 2012 Source:SMM

2012-06-18 BEIJING (China Daily) –Chinese President Hu Jintao has expressed confidence that his country will maintain steady and robust growth to make contribution to global economic growth.

Hu made the remarks in a written interview with Reforma, a major Mexican newspaper, prior to the G20 summit due to be held in Los Cabos, Mexico on June 18-19.

"China's economy has maintained stable growth," he said. "Facing a complex and grave external economic environment, China has taken targeted measures to strengthen and improve macroeconomic regulation, accelerate the shift of the growth model, adjust economic structure and build long-term mechanisms to boost domestic demand."

These efforts are made to ensure that China's economy is driven by both consumption, investment and export so as to ensure steady and robust growth and maintain social harmony and stability, he said.

According to Hu, in the first quarter this year, China's GDP grew by 8.1 percent and the share of its current account surplus in GDP fell to 1.4 percent. "China has thus made important contribution to global economic recovery and growth."

The Chinese president said that China's economy is an integral part of the global economy.

"We will continue to pursue a proactive fiscal policy and prudent monetary policy and maintain a balance between ensuring steady and robust growth, adjusting economic structure and managing inflationary expectations," he said.

"We are confident that China will maintain steady and robust growth and thus make solid contribution to global economic growth," he said.

 

 

 

 

Key Words:  China economic growth 

Hu: Chinese Economy to Maintain Stable Growth

Data Analysis 03:38:26PM Jun 18, 2012 Source:SMM

2012-06-18 BEIJING (China Daily) –Chinese President Hu Jintao has expressed confidence that his country will maintain steady and robust growth to make contribution to global economic growth.

Hu made the remarks in a written interview with Reforma, a major Mexican newspaper, prior to the G20 summit due to be held in Los Cabos, Mexico on June 18-19.

"China's economy has maintained stable growth," he said. "Facing a complex and grave external economic environment, China has taken targeted measures to strengthen and improve macroeconomic regulation, accelerate the shift of the growth model, adjust economic structure and build long-term mechanisms to boost domestic demand."

These efforts are made to ensure that China's economy is driven by both consumption, investment and export so as to ensure steady and robust growth and maintain social harmony and stability, he said.

According to Hu, in the first quarter this year, China's GDP grew by 8.1 percent and the share of its current account surplus in GDP fell to 1.4 percent. "China has thus made important contribution to global economic recovery and growth."

The Chinese president said that China's economy is an integral part of the global economy.

"We will continue to pursue a proactive fiscal policy and prudent monetary policy and maintain a balance between ensuring steady and robust growth, adjusting economic structure and managing inflationary expectations," he said.

"We are confident that China will maintain steady and robust growth and thus make solid contribution to global economic growth," he said.

 

 

 

 

Key Words:  China economic growth