Business / 2015 Top 10

Eight keywords of China's economy in 2016

(chinadaily.com.cn) Updated: 2016-01-04 07:04

6.Improve weak growth areas

China will raise efficiency and accuracy of investment so as to facilitate the establishment of market-driven and sustainable mechanisms of investment and operation, according to the blueprint for 2016. The country will also increase investment in labor so that workers can better adapt to the changing market environment.

"The conference explicitly addressed to the weak spots in economic development and gave specific advice in terms of income distribution, corporate vitality, and the hardware and software infrastructure, etc. In particular, the meeting proposed to raise fiscal deficits in stages for the first time, which definitely indicated the determination of decision-makers faced with economic downturn pressure and their resolution to guarantee and improve people's livelihood.

"Chinese economy has been infrastructure investment-driven for a long time. However, most of the investments have been put into visible fields and fewer into 'invisible' fields. For instance, drainage facilities in many cities are poor and lack the capability to handle emergency situations. Once it rains, inland inundation occurs. Therefore, more investments shall go into the upgrading of urban underground pipe gallery, regional infrastructure, medical resource and other aspects in 2016."

- Yang Song, director of Economic Institute of Beijing Academy of Social Sciences

Eight keywords of China's economy in 2016

Farmers in Zouping county, Shandong province, show the potted plants they grow and sell online, Nov 5, 2015. [Photo/IC]

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