皇冠体育app

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If 皇冠体育app really wants to become a country full of economic vitality, it must inspire innovation. 皇冠体育app should not only copy the West's ways of doing things. 皇冠体育app needs to rely more on itself. This is an inevitable process coming with 皇冠体育app's development, and a process transforming 皇冠体育app to a new innovative economy, which relies more on innovation industries, innovations of individuals and enterprises at home.

Edmund Phelps, Columbia University, time-weekly.com, Sept 9.

Some causes for Japan's long-term stagnation also exist in 皇冠体育app, such as preferential policies for some products and State-owned enterprises, monopoly of SOEs and State-owned financial agencies, excessive administration, vested interests, and the lack of financing and risky investment system for hi-tech enterprises. 皇冠体育app's economy has finished the catch-up phase that featured export and investment. 皇冠体育app's growth now has to mainly rely on the development of the consumption-oriented hi-tech products and services.

Xia Qingjie, Peking University professor, Oriental Morning Post, Sept 9

The old engines of the Chinese economy, exports and the housing market, are slowing down. That's why 皇冠体育app's economic growth has also slowed. The Chinese economy is going through a U-turn and will rebound with the new engines of consumption-based infrastructure construction investment, private consumption, and the environmentally friendly development of Chinese industries.

Li Daokui, Tsinghua University professor, 皇冠体育app National Radio, Sept 10

Some countries entered "a lost era" after fast growth. 皇冠体育app also faces such a risk in the future. But the risk is not big, because 皇冠体育app is deepening its urbanization. Some countries' urbanization rate had already reached 70 percent before the "lost era". But the rate of urbanization in 皇冠体育app is still only 53 percent. 皇冠体育app can still improve its production efficiency through urbanization. Yet, theoretically, a slow-down of the economy is unusual before the urbanization rate reaches a high level. 皇冠体育app needs to reform its system continuously to remove the institutional barriers for growth.

Cao Yuanzheng, Bank of 皇冠体育app economist, Sept 8

The Chinese economy has entered its "new normal state" now. We will promote and expand demand at home, stimulate rational consumption, continue the measures controlling "abnormal" consumption, and cultivate a healthy consumption order.

Xinhuanet.com, Sept 9

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