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Foreign journalists' view of China economic dev't

2016-03-11 17:25[CCTV9] 来源: 评论:

China’s political season is attracting intense media attention as the world anxiously awaits Chinese policy moves that will surely impact the global economy.

More than one thousand foreign journalists including reporters from Aljazeera and Italy are covering this year’s NPC and CPPCC meetings. What aspects of the meetings most interest the foreign press?

Journalists from all over the world have come to Beijing with one question in mind -- What’s next for China?

"What has really interested me is the story of consumption..the government said it wants an economy that's led not by manufacturing and exports but by consumption...in many ways the real consumer revolution if you like is happening online..and people are spending. What interests me is whether the consumer in China can be the saviour of the economy," said Adrian Brown, Senior Correspondent, Aljazeera Media Network, Beijing Bureau.

Some foreign reporters are wondering what measures will be implemented to mitigate the impact from the millions of lost jobs caused by China's ongoing supply-side reforms.

"I heard that the government has prepared a huge package of monetary package to sustain the workers who are made redundant," said Guido Santevecchi, Bureau Chief, Corriere Della Sera, Beijing.

"I want to know there are many workers who are in their 40s and 50s. Would it be possible to train them in order to give them new jobs and new opportunities?"

Other reporters are interested in the government’s attitude as it moves to open the Chinese markets even more and what impact those changes will have on global trade.

"What's the plan of the government to make open market reform of the economy ..if the Chinese government plan to open more market say in Internet and TMT," said Claudio Pagliara, Bureau Chief, Radiotelevisione Italiana, Beijing.

Monetary easing has clearly lost its mojo when it comes to boosting economic growth. Will fiscal policies do the trick?

"One of the issues they have to figure out is what role should fiscal policy play in all of this. They've already stimulated growth so much through low interest rates and monetary policy. Is it time for either tax reductions or spending increases for a fiscal policy to play a role in maintaining economic growth," said Jon Hilsenrath, WSJ chief economics correspondent.

China has just announced plans to raise the government’s deficit to GDP ratio to 3 percent, from 2.3 percent last year.

The effort aims to reduce the tax burden on the private sector and allow more funding to be channelled to business expansion and innovation.

How much those moves will help the Chinese economy remains to be seen. But one thing is for sure. The foreign press that's in Beijing to cover the two sessions will be watching. 


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