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in 1978, and sh阿拉爱上海品茶微信ifted its focus toward building its economy.
Data from the National Bureau of Statistics (NBS) shows the count
ry’s GDP increased 33.5 times in constant prices from 1978 to 2017, with average annual gr
owth at 9.5 percent, far exceeding the global average of 2.9 percent in the same period.
During 40 years of reform and opening-up, China’s economic aggregate increased significantly.
GDP stood at 364.5 billion yuan in 1978, before jumping to 1 trillion yuan in 1986, 2 trill
ion yuan in 1991, over 10 trillion in 2001, 30 trillion yuan in 2006, and over 80 trillion yuan 2017.
The country’s worldwide economic aggregate ranking is also rising, from 11th spot in 1978 to second in 2010.
s out of ou上海品茶微信女神会所r expectations, and it was maintained because of countercyclical policies,” said Zhang Xiaojing, a senior economist with the CASS.
But the deleveraging process should continue, and more measures will be introduced to ease the debt burden, especially
for the private sector, said Lian Weiliang, deputy head of the National Development and Reform Commission.
One of the key measures is to further promote the debt-to-equity s
wap program, to inject more social funds into indebted companies through holding the co
mpanies’ shares, the NDRC official said. “We will choose more qualified private companies to join this program.”
By the end of April, the total value of debt-to-equity swap reached 2.3 trillion yuan ($332.8
billion). More than 20 percent was for the centra上海品茶微信女神会所l State-owned enterprises, inclu
ding China Baowu Steel Group Co Ltd, State Power Investment Co Ltd, and China Shipbuilding Industry Corp, acc
ording to data from the State-owned Assets Supervision and Administration Commission.
the percentage of adult smokers to 20 percent by 2030, we have a lot of work to do,” he said.
The biggest obstacle to tobacco control in China is the powerful toba
cco industry, which is one of the biggest tax contributors to the government, he said.
Despite an increasing number of cities having local regulations on tobacco control,
national legislation is still lacking, due to causes including influence from the industry, he said.
“Only a few big cities, such as Beijing, Shanghai and Shenzhen h
ave strict tobacco control regulations and law enforcement, but in most areas in China suc
h regulations are absent,” he said. “The prevalence of tobacco has caused serious health conseque