The report was released at an international seminar on China's macroeconomic performance jointly organized by China's Xiamen University Dame Adidas Originals NMD City Sock 2 PK Hvid Løbesko , Economic Information Daily of Xinhua News Agency, and Japan's Kobe University.
The report is based on the China Quarterly Macroeconomic Model (CQMM), a research project at the Center for Macroeconomic Research (CMR) at Xiamen University.
According to the report Dame Adidas Originals NMD City Sock 2 PK Løbesko Sort , in the first half of 2015, with downward pressure on economic growth, the cumulative growth rate of Gross Domestic Product (GDP) in China reached 7.0 percent Herre Adidas NMD XR4 Suede Sko Rød Sort , a decrease of 0.42 percentage points over the previous year, reaching its nadir since 2000.
But on the other side, the adjustments of the economic structures were beginning to take effect Herre Adidas NMD XR1 Primeknit Triple Black Løbesko Sort , and the economy was growing stably after hitting the bottom.
Based on the forecast by CQMM, despite of the downward pressure, China's economic growth rate in 2015 is expected to reach around 7. 1 percent. The CPI will be 1.62 percent Herre Adidas NMD XR1 W Utility Ivy Løbesko Rød , stabilizing the inflation at a low level.
For the next five years (2016-2020), the forecast shows that the potential growth rate will be around 6.79 percent annually and averagely. Although it is a relative high speed, it can be further increased through continuing optimizing the economic structure.
During the next few years Adidas Originals NMD XR1 Sko Herre Sort Grå , China shall "optimize economic structure by constant and flexible policies to create the environment for future development", including expanding private investment so as to improve investment efficiency, promoting the share of modern service industry and the efficiency of financial department so as to improve the productivity of the tertiary industry Dame Adidas NMD XR1 Løbesko Lyserød , and improving the labor productivity, said the report.
This is the 19th forecast report issued by research team of Xiamen University based on CQMM. Center for Macroeconomic Research (CMR) of Xiamen University issues a report on China's macroeconomic outlook twice a year since 2006. From 2010 on, CMR and Economic Information Daily of Xinhua News Agency released the reports jointly.
BEIJING， Jan. 15 (Xinhua) -- Smog will hit some parts in north and central China starting from Sunday， China's national observatory warned， suggesting people in affected areas to make precautions.
The smog， which will hit Beijing， Tianjin， Hebei， Shanxi， Henan and Shaanxi， is expected to last until a cold front comes to the rescue around Thursday， the National Meteorological Center said.
People in the affected regions were asked to make precautions and choose public transport services to cut emissions and mitigate pollution.
Severe smog triggered red alerts in more than 20 cities at the beginning of 2017. When authorities issue red alerts， some manufacturers are required to cut production， and heavily polluting vehicles are banned from the roads.
China has a four-tier color-coded warning system for severe weather， with red being the most serious， followed by orange， yellow and blue.
In environment inspections last year， the Ministry of Environmental Protection said a total of 720 people were detained and 6，454 held accountable for environment-related wrongdoing.
In 2016， the government refused 11 high-pollution and high-energy consuming projects， involving total investment of 97 billion yuan (about 14 billion U.S. dollars).
Partly due to those efforts， Chinese cities reported less pollution in 2016， with the average density of PM 2.5 -- fine particles that pose health risks -- in 338 cities falling by 6 percent.
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