Chinese Stock Market To Go Up
Some are speculating the China economy will grow this year less than in the previous year and expect that will hurt commodities and oil stocks. The are putting weight on the concern that there will be real property bubble bursting. Yet, others are countering this prognosis with the caution that this is not a bubble across China.
The World Bank as well as the Government of China believe the stimulus will continue support the economy this year as well. So far, the stimulus has led to the expansion of the car market, which has is bigger than the U. S. Auto vehicle market. Last year, China moved on to become the world's top exporter.
During his address to Asian-Pacific business leaders last year in November, China's President outlined the main features of the strategy for economic expansion. One element was to support growth of domestic consumption. The second element was to deepen reforms in sectors prioritized by the government. The third element was to improve people's personal areas of concern such as the safety net, health care, housing, senior support facilities and their environment. The fourth element to further open the market and trade sector.
Boosting Urbanization To Boost Domestic Consumer Market
In December 2009, it was revealed the Government sees urbanization as an integral element in the plan to boost consumer demand. In this regard, it has been considered that the rules controlling permanent residence will be relaxed to encourage small and mid-sized urban expansion. This policy of managing migration has been a tool the government has used to prevent slum development. The positive results of this policy have been noticed.
The Government is well aware that urban jobs have provided Chinese migrants with greater income than foreign income has brought immigrants who seek jobs in other countries. As reported in an article published on 14 December 2005 in Asia Times, based upon figures released by the Consultative Group to Assist the Poor (CGAP)- a World bank affiliate, China's urban migrants earned almost 30 billion US$ in 2005. In comparison, India (the largest recipient of foreign remittances of migrant workers) was expected to receive approximately US$22 billion by the end of the year.
This policy to speed up urbanization policy will be enhanced with the further development of the rail system. China has an ambitious rail development program underway to increase the national network. The Chinese system will with the planned expansion become the most extensive rail system outside the United States. China's first high-speed line was unveiled in 2008 and coincided with the Olympics. The line linked Beijing with Tianjin. In December 2009, the high speed link between Guangzhou and Wuhan started to operate. This link took four years to build and reduces a 664-mile journey into a three-hour journey. The line will be extended and will link Guangzhou to Beijing. In April of 2009 high speed similar service started between Wuhan and Hefei in Anhui province and between Shijiazhuang and Taiyuan. In September 2009, officials said plans were to build 42 lines by 2012 to expedite the growth of the economy. The high speed service drive illustrates that the China economy will grow this year and beyond. - 23200
The World Bank as well as the Government of China believe the stimulus will continue support the economy this year as well. So far, the stimulus has led to the expansion of the car market, which has is bigger than the U. S. Auto vehicle market. Last year, China moved on to become the world's top exporter.
During his address to Asian-Pacific business leaders last year in November, China's President outlined the main features of the strategy for economic expansion. One element was to support growth of domestic consumption. The second element was to deepen reforms in sectors prioritized by the government. The third element was to improve people's personal areas of concern such as the safety net, health care, housing, senior support facilities and their environment. The fourth element to further open the market and trade sector.
Boosting Urbanization To Boost Domestic Consumer Market
In December 2009, it was revealed the Government sees urbanization as an integral element in the plan to boost consumer demand. In this regard, it has been considered that the rules controlling permanent residence will be relaxed to encourage small and mid-sized urban expansion. This policy of managing migration has been a tool the government has used to prevent slum development. The positive results of this policy have been noticed.
The Government is well aware that urban jobs have provided Chinese migrants with greater income than foreign income has brought immigrants who seek jobs in other countries. As reported in an article published on 14 December 2005 in Asia Times, based upon figures released by the Consultative Group to Assist the Poor (CGAP)- a World bank affiliate, China's urban migrants earned almost 30 billion US$ in 2005. In comparison, India (the largest recipient of foreign remittances of migrant workers) was expected to receive approximately US$22 billion by the end of the year.
This policy to speed up urbanization policy will be enhanced with the further development of the rail system. China has an ambitious rail development program underway to increase the national network. The Chinese system will with the planned expansion become the most extensive rail system outside the United States. China's first high-speed line was unveiled in 2008 and coincided with the Olympics. The line linked Beijing with Tianjin. In December 2009, the high speed link between Guangzhou and Wuhan started to operate. This link took four years to build and reduces a 664-mile journey into a three-hour journey. The line will be extended and will link Guangzhou to Beijing. In April of 2009 high speed similar service started between Wuhan and Hefei in Anhui province and between Shijiazhuang and Taiyuan. In September 2009, officials said plans were to build 42 lines by 2012 to expedite the growth of the economy. The high speed service drive illustrates that the China economy will grow this year and beyond. - 23200
posted by X - Men @ 5:45 AM
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