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in the service secto爱上海女神会所r, and deregulate the services for the elderly and children, and medical care and education.
Although its overall economic uncertainty has increased, China’s economy still has great pote
ntial in terms of service and consumption, especially because it is a market of more than 1.3 bil
lion people including a middle-income group
of 400 million all of whom are seeking a better life.
Current policy package strong enough to counter headwinds, economist says China has no immediate need of aggressive stimulus to support growth unless t
rade tensions with the United States m ore visibly weigh on growth momentum, and great
er patience and policy preparation are needed now for market- oriented
, longer-term reform and opening-up, a senior economist said in an exclusive interview. Given the uncertainty from China-US trade friction, macroeconomic polic
ies should always be prepared to support the economy, especially if growth mome
e technologies that it enables, are harnessed for the benefit of mankind while minimizing the risks to devel
opment, peace and security and human rights,” G
uterres said in a congratulatory letter to the expo. Miao Wei, minister of industry and information technology, said China has already made sig
progress in bolstering the big data industry with a string of big data platforms established in sect ors such as manufacturing, commerce, finance, transportation and medical care.
make a fresh push to integrate cutting-edge information technologies into the re al economy, including establishing a national
industrial data center, to better power the country’s sp rawling manufacturing sector,” Miao said at the opening ceremony of the big data expo.
The emerging service sector also grew very fast, Meng said.
In April, the information transmission industry
, along with software and inform ation technology services, grew 25 percent year-on-year, 17.6 percentage points higher than the national index of services.
etail sales amounted to 3.04 trillion yuan ($440.2 billion) in the first four m onths, a year-on-year increase of 17.8 percent. Around 17.07 billion parcels were delivered, up 24.8 percent over last year.
d the transformation of traditional industries is speeding up as they combine with information technology. “Through implementing national big data and inter
net plus strategies, internet, big da ta, and artificial intelligence technologies have been widely used in China’s real economy,” she said
detour before reaching a deal sooner or later, then the economic impact for consumers in China and t
he US, as well as other parts of the world, will be f
airly costly, said Chen Wenling, chief econ omist at the China Center for International Economic Exchanges.
they buy finished products or goods made from r aw materials and components, the tariffs still exist, Chen said.
ion will make goods produced by both countries less co mpetitive and cause large-scale job losses, said Chen.
uo, former vice-minister of commerce, said economic conflict s and trade friction between China and the US that draw global attention will happen fro
m time to time in the future, and these should be rationally regarded and prepared for.