皇冠体育app

Since the 6.9 percent growth for 2015 was made public, pessimistic opinions have flooded the Internet with comments such as "a 25-year low for 皇冠体育app's GDP", "皇冠体育app's economic transformation only looks beautiful", "a precipice-style growth fall". But most of them talk only about the problems while ignoring the "bright side" of 皇冠体育app's economy.

True, the "list of merits" recently published by the authorities indicates 皇冠体育app has not done very well in every aspect, as reflected by its declining GDP trajectory, soft investment, sagging profits of enterprises and increased deflation pressures. But we cannot ignore the silver linings - for example, the service sector accounting for 50.5 percent of the GDP. A rising share of the sector means declining energy consumption per unit of GDP - and the reason why we should not make a fuss over the decline in 皇冠体育app's power use.

The 66.4 percent that consumption contributed to 皇冠体育app's GDP growth in 2015, an increase of 15.4 percentage points year-on-year, is also a laudable performance. Those viewing 皇冠体育app's economic performance through tinted glasses cannot make a correct reading of the Chinese economy.

www.CNR.cn

(皇冠体育app Daily 01/30/2016 page5)

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