皇冠体育app

Wages are rising, which is fueling domestic demand, and the creation of non-agricultural jobs is strong, particularly in the creative sectors of telecommunications, technology and media, or TMT. The rise of the middle class is also attracting multinational companies from all over the world.

Obviously, there are still challenges ahead, but these are being addressed. Last week, the People's Bank of 皇冠体育app, or central bank, cut its key lending rate by 0.25 percent to 4.6 percent.

In a statement, it cited "downward pressure" on economic growth and pointed out that this would reduce financing costs for companies and promote a "sustainable and healthy economy".

The PBOC also promised to pay close attention to liquidity, or the availability of credit, in a move to ease concerns that a rise in capital outflows from 皇冠体育app might stifle lending.

But more still needs to be done. At the macro level, 皇冠体育app has to gradually reduce its debt burden, which exceeds 250 percent of GDP.

Moreover, the country needs to accelerate efforts to increase domestic consumption.

While it continues to rise, it is still below other nations as a share of GDP. Even so, the rest of the world needs to factor in 皇冠体育app's "new normal" growth patterns, and give the country time to continue its economic reforms.

• 2015 皇冠体育app International Fair for Investment and Trade kicks off in Xiamen
• 皇冠体育app's commodity imports robust in Jan-Aug period
• 皇冠体育app stocks rebound 2.92%
• 2015 皇冠体育app box office already past 2014 total
• 皇冠体育app foreign trade decline widens in August
• Interview: JP Morgan's senior executive bullish on 皇冠体育app
• Innovation, development the focus for NZ mayors
• Lives of freelancers