2016年CRI A new historical beginning: lead to China's economic new normal

 

If we look at the historical evidence of the economic growth across economies, particular China’s past growth, certainly the supply side is very important for long-term growth. So President Xi’s initiative is on the right point for the China’s sustainable growth.

--- Jong-Wha Lee

Former Chief Economists², Asia Development Bank; Director of Asiatic Research Institute, Korea University

The Chinese consumers themselves they prefer to buy clothes made in Europe for instance than clothes made in China, but China is the largest factory of clothing of the world. So why is this? And it may have to do with the fact that again quality wise. There is a need for improvement and there is a need for more investment in that respect rather than quantity, as it was in the past. That’s part of, again, of climbing up the value chain in production. So China can compete with those world brands at the same level.

Looking through the 13th Five-year Plan, I think there are some elements there that are they write it again to that objective. And so I am also optimistic in that sense, I think that, you said it , China has a very large market, and growing market, and that market is of great interest to foreign competitors, and again the competition is which drive that China’s upgrading and a better participation³ of Chinese brands in the global market.

--- Ricardo Melendez

Chief Executive, International Centre for Trade and Sustainable Development

The thing is Chinese’s growth has depended on exports, but the export markets in western economies, are slowing down and therefore there is a rethink about whether this mix of the three drivers should be rebalanced. Of course when President Xi Jinping came and the new policy in the 13th Five-year Plan, they all contemplate⁴ to rebalance the economy or they called harmonious⁵ society. So rebalancing means increasing the share of consumption, increasing the importance of domestic markets, decreasing the importance of investment spending, and decreasing the dependency on export alone. The role of innovation of course as an growth driver comes from the supply side, so consumption plus investment plus export, this is the demand side of the picture and I recommend. If you look at economic growth from structural⁶ supply side, it’s a consequence of innovation, productivity, technological⁷ change, and all that.

--- Ajit Ranade

Senior President & Chief Economist¹, Aditya Birla Group; Member, CII China Core Group

China grew rapidly during the last more than two decades, and its growth does slow down. But I think China is adjusting by its own policy decision. The growth path that China is embarking⁸ now will allow it to improve the quality of growth to more sustainable levels and I do believe that this “New Normal” that we are talking about will also take China to continue its march towards further improvement in the living standards of the people and better quality of life. And more sustainable is a more important factor in my mind.

--- Fakhruddin Ahmed

Former Prime Minister of Bangladesh

1 economist   

n.经济学家，经济专家，节俭的人

参考例句：

• He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
• He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。

2 economists   

n.经济学家，经济专家( economist的名词复数 )

参考例句：

• The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
• Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》

3 participation   

n.参与，参加，分享

参考例句：

• Some of the magic tricks called for audience participation.有些魔术要求有观众的参与。
• The scheme aims to encourage increased participation in sporting activities.这个方案旨在鼓励大众更多地参与体育活动。

4 contemplate   

vt.盘算，计议；周密考虑；注视，凝视

参考例句：

• The possibility of war is too horrifying to contemplate.战争的可能性太可怕了，真不堪细想。
• The consequences would be too ghastly to contemplate.后果不堪设想。

5 harmonious   

adj.和睦的，调和的，和谐的，协调的

参考例句：

• Their harmonious relationship resulted in part from their similar goals.他们关系融洽的部分原因是他们有着相似的目标。
• The room was painted in harmonious colors.房间油漆得色彩调和。

6 structural   

adj.构造的，组织的，建筑（用）的

参考例句：

• The storm caused no structural damage.风暴没有造成建筑结构方面的破坏。
• The North American continent is made up of three great structural entities.北美大陆是由三个构造单元组成的。

7 technological   

adj.技术的；工艺的

参考例句：

• A successful company must keep up with the pace of technological change.一家成功的公司必须得跟上技术变革的步伐。
• Today,the pace of life is increasing with technological advancements.当今， 随着科技进步，生活节奏不断增快。

8 embarking   

乘船( embark的现在分词 )； 装载； 从事

参考例句：

• He's embarking on a new career as a writer. 他即将开始新的职业生涯——当一名作家。
• The campaign on which were embarking was backed up by such intricate and detailed maintenance arrangemets. 我们实施的战争，须要如此复杂及详细的维护准备。