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纽约时报中文网 - 英文原版-英China Signals Robust Goal for Economic Growth

March 5, 2024   2 min   401 words

这篇报道描绘了中国对经济增长的雄心勃勃目标,然而,我们不能忽视其中的挑战和风险。虽然强调创新和技术进步,但面临的国内外压力不可忽视。中国在维护可持续发展、环保和贸易平衡方面需迅速行动。报道中所称的“强有力增长目标”是否可能导致资源过度消耗,进而引发环境问题,值得深思。此外,全球经济格局不断变化,中国需灵活应对,降低对出口的过度依赖,培育内需。综合而言,中国在追求经济增长的同时,应注重可持续性、创新和全球合作,以实现更为平衡和稳健的发展。

China’s top leaders on Tuesday set an ambitious target for growth as its economy is laboring under a steep slide in the housing market, consumer malaise and investor wariness.

Premier Li Qiang, the country’s No. 2 official after Xi Jinping, said in his report to the annual session of the legislature that the government would seek economic growth of around 5 percent. That is the same target that China’s leadership set for last year, when official statistics ended up showing that the country’s gross domestic product grew 5.2 percent.

China consumer confidence index

Source: China National Bureau of Statistics

By The New York Times

Some economists question whether growth was as high as China claims. In addition, last year brought a modest rebound because stringent “zero Covid” measures were in place until December 2022. Achieving the same growth this year, without the benefit of that rebound, could be much harder.

Consumers and investors have been skeptical about the prospects for a lasting recovery. Stock markets in China fell heavily in January and early February, before recovering over the past four weeks, as the government took steps to encourage stock buying. But Mr. Li maintained that China was on the right track.

China had “withstood external pressures and overcome internal hardships,” Mr. Li told the National People’s Congress, a Communist Party controlled body that approves laws and budgets. “The economy is generally rebounding.”

The National People’s Congress, a choreographed weeklong event, typically focuses on the government’s near-term initiatives, especially economic objectives. China’s growth goal, and the ways that the government is attempting to achieve it, are under intense international scrutiny this year.

Communist Party leaders are trying to restore confidence in China’s long-term prospects and to harness new drivers of growth, such as clean energy and electric vehicles. Mr. Li’s report also flagged new spending on artificial intelligence and “enhancing disruptive and frontier technology research,” according to Xinhua.

But those efforts could be dragged down by a tangle of problems around the housing sector: a glut of apartments, debt-troubled property companies and local governments, and home buyers reluctant to sink money into real estate when values are declining.

Achieving China’s growth target this year may be difficult without another big round of debt-fueled state spending. Attaining annual growth of around 5 percent “will require decisive, comprehensive and coordinated policy support,” economists at HSBC said on Friday.

Vivian Wang contributed reporting from Beijing.