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China's economy is expected to grow by 6.7 percent
1/12/2017 0:00
[rtl]
BEIJING / follow - up had
been expecting the highest organ of economic planning in China, that the country has been growing at a rate of approximately 6.7 percent in 2016, the US administration hasurged China to move forward in the promotion of economic reforms , while giving market forces a role
bigger.
Chairman of the State Commission for Development and Reform Commission Xu Shaoshi said , while attending a press conference, the second - largest economies in the world with a record growth rate during the first quarters, second and third in the past year.
Xu said: The consumption accounted for about 71 percent of growth in 2016, an increase of 13 percentage points.
He continued that the economy will exceed 70 trillion yuan (about US $ 10.1 trillion) , an increase of 5 trillion yuan, although this marked growth of between economics
major.
Xu cited a report issued by the International Monetary Fund confirms China 's contribution of 1.2 percentage or more than 30 percent of global economic growth point in 2016 , while the United States contributed 0.3 point
percentage.
So China has urged the US administration to move forward in the promotion of economic reforms , while giving market forces a bigger role, which would lead to trade and investment more balanced relations between China and the US
United.
US Trade Representative said in its annual report to Congress on the extent of China 's commitment to WTO rules: "If China wants to deal successfully with the growing economic challenges it faces, it must allow greater scope for the operation of market forces, which requires an amendment to the state 's role in the planning of the economy, but ... the challenges facing the Chinese economy will increase and become more
difficult. " the
report continued , " more economic reforms also will bring greater benefits to the United States, "adding that it will also help in dealing with the large role of state - owned enterprises in the economy
Chinese.
The report added: "At the same time, it will lead to more of the most sustainability of China 's economic growth, which in turn will lead to increased US exports to China and to achieve the investment and trade relations more balanced between China and the United States, while helping to drive global economic growth. "
according to the report, the US merchandise exports to China totaled 116 billion US dollars by 2015, an increase of 505 percent since China 's accession to the WTO in 2001, with total exports of US services to China 's $ 48 billion during 2015, an increase of 802 percent since 2001. The
report pointed out that the Chinese government has already taken a lot of steps to implement the many commitments with regard to its accession to the World trade Organization over the 15 - year - old
years.
The report said: "These steps have deepened, without a doubt, China 's integration with the global trading system , which has developed rules of the World Trade Organization, at a time when China 's economic reforms also strengthen the
current."[/rtl]
[rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=129558[/rtl]
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