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China's economy adapts to the «new normal»
10/11/2015 0:00
BAGHDAD follow-up to the
morning's highest decision-making body in China, in a meeting chaired by President Xi Jinping, the central government has taken effective measures to promote the steady growth of consumption, investment and exports, president of the growth engines, while developed targeted policies to combat the pressures Alhboutih.oukal Ping: The Chinese economy works well in general, with some remaining problems that require thought and effort everyone. «The slowdown in China's economic growth indicates that the government is making its way with structural adjustments and to make political efforts to address the financial weaknesses,» according to a report issued by the World Bank. In the medium term, will help these efforts to transform China's growth pattern from manufacturing to services, from investment to consumption, and exports to Mahla.ually spending despite a slowdown in growth, more balanced and sustainable develop-called Chinese President Xi Jinping appeared «new normal »in which show the importance of rapid growth through highly complex structural reforms aimed at transforming the economy to develop depends more on domestic spending services sector and Alapetkar.otosr the Chinese economy during the past two years is expected to witness weaker growth for the past quarter century in this year's levels, died decline in the real estate market and declining investment and demand growth is stable both at home and Aforeig.obad China's accession to the World Trade Organization in 2001, helped cheap labor to booming exports, the support of China to become the second largest economy in the world. But the manufacturing sector in China is facing problems in these years, including shrinking profits due to competition from the same labor least costs, such as Vietnam and Malaysia markets, as well as the struggle for the transition to a series of higher value due to heightened competition from Almottagdmh.oma states in the northeastern city of Harbin China, which is located approximately 3,000 kilometers of Jinjiang, Economic Recession severe forcing local companies to renewal and re-discover themselves in order to survive. , Fsharkp Harbin boilers, the state-owned manufactured thermal power equipment, experiencing double strikes, a slowing economy and national campaign to reduce pollution and cut Alanavathat.oukal company president Wang Dexing: The company has only a change option in light of declining demand and shrinking profits. In the decades years, the provinces of Heilongjiang, Jilin and Liaoning in northeast China base heavy industries in China. But it is now in a slowing economy, difficult period of transition in which industries Althagalh.ujaet Heilongjiang Province, Jilin and Liaoning suffering among the five lower ranks for the growth of GDP among the 31 provinces in the Chinese mainland in the first half of this year. The average growth of 4.6 percent for these counties less by 2.4 percentage points from the Aloutna.oukal Wang rate: It is to improve the competitiveness, Harbin company seeking to boilers to develop new products and expand markets in emerging economies and take advantage of new business such as sea water and equipment of nuclear energy and the protection of desalination
environment.
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