ʻO ka pahuhopu GDP 'pragmatic, hiki ke loaʻa' - Kina i kēlā me kēia lā

ʻO ka hoʻomohala kūpaʻa e kōkua i ka hoʻomaha ʻana i nā pilikia hoʻokele honua, wahi a nā mea loiloi

China has set its GDP growth target at around 5 percent for this year, which analysts said is “pragmatic” and “achievable”.

Hiki i ke kiʻi maoli ke lilo i mea kiʻekiʻe aʻe, i ʻōlelo ai lākou, e ʻōlelo ana e hoʻokō ka ʻāina i nā kulekele macroeconomic i manaʻo ʻia e hoʻonui i ka hoʻohana ʻana a pale i ka piʻi ʻana kiʻekiʻe, i mea e hoʻoikaika ai i ka ulu paʻa.

They also said China’s stable growth is set to help relieve global growth pressures as developed economies risk falling into recession while suffering from high inflation.

The growth target was revealed in the Government Work Report, which Premier Li Keqiang delivered at the opening meeting of the first session of the 14th National People’s Congress in Beijing on Sunday.

Ua hele aku ʻo Pelekikena Xi Jinping, ʻo ia hoʻi ke kākau ʻōlelo nui o ka Communist Party of China Central Committee a me ka luna o ka Central Military Commission, i ka hālāwai.

ʻO ka hōʻike, i waiho ʻia i ka ʻahaʻōlelo kiʻekiʻe no ka noʻonoʻo ʻana, ua manaʻo ʻo Kina e ʻimi i ka holomua o kāna hana hou, e hoʻoikaika i ka hoʻomohala kiʻekiʻe, ʻoi aku ka maikaʻi o ka pale ʻana i ka COVID-19 a me ka hoʻomohala ʻana i ka nohona a me ka hoʻokele waiwai, hoʻonui hohonu i ka hoʻoponopono a me ka wehe ʻana, a hoʻoikaika ikaika i ka hilinaʻi mākeke.

E hoʻonui ʻo Kina i ka ikaika a me ka maikaʻi o kahi kulekele kālā proactive a hoʻokō i kahi kulekele monetary monetary ma ke ʻano i manaʻo ʻia, e like me ka Government Work Report.

Ma waho aʻe o ka manaʻo ʻana i ka pahuhopu o ka ulu ʻana o GDP no kēia makahiki, ua hoʻokiʻekiʻe ka hōʻike i kāna helu deficit-to-GDP i kuhi ʻia i 3 pākēneka a hoʻopaʻa ʻia i ka helu hoʻonui ma kahi o 3 pakeneka.

E manaʻo nō hoʻi ka ʻāina e hana ma kahi o 12 miliona mau hana kūlanakauhale i kēia makahiki a ua hoʻonohonoho i kahi pahuhopu ma kahi o 5.5 pakeneka no ka helu helu hana ʻole o ke kūlanakauhale.

E hoʻomau ana ʻo Kina i ka paipai ʻana a me ke kākoʻo ʻana i ka hoʻomohala ʻana i ka ʻoihana pilikino a hoʻoikaika i ka hoʻoikaika ʻana i ka hoʻokomo ʻana o nā haole, e like me ka hōʻike.

“The GDP target is in line with the principle of 'seeking progress while ensuring stable development’,” said Bai Jingming, a researcher at the Chinese Academy of Fiscal Sciences. “It is achievable and has left room for (coping with possible) risks.”

Compared with last year’s GDP growth of 3 percent, this year’s target is not high, given the strong rebound of consumption and initial recovery of investment after the country further optimized its COVID-19 response policy in January, Bai said.

“China’s growth target for this year is very pragmatic and will help consolidate the country’s economic fundamentals,” said Raymond Zhu, president of the East and Central China Committee of CPA Australia, a major accounting body.

Zhou Maohua, a macroeconomic analyst at China Everbright Bank, said: “The target is quite solid, because some market expectations have it at above 6 percent. China is capable of achieving it.”

Ua manaʻo nā mea hoʻokele waiwai, no ka nui o nā pilikia i kū i Kina, e like me ka emi ʻana o ka hoʻokele waiwai a me ka piʻi nui o ka honua i kūkulu ʻia, pono ka ʻāina e hoʻokō i nā kulekele macroeconomic i hoʻopaʻa ʻia e hōʻoia i ka ulu paʻa.

“More efforts should be made to support, say, small and micro enterprises, promote private sectors to raise people’s income and boost their confidence, and support the foreign trade sectors, given the possibility of slower global growth,” said Zhou from China Everbright Bank.

Zhang Yansheng, chief researcher at the China Center for International Economic Exchanges, said, “China needs to promote high-quality foreign trade development and improve the business environment, and the focus should be the negative list for the services industry.”

Hāʻawi ʻia i ka ulu ʻana o ka honua nāwaliwali i manaʻo ʻia i kēia makahiki, he mea koʻikoʻi hoʻi ia no Kina e hoʻoulu i ka noi kūloko, wahi āna.

Ua ʻōlelo ʻo Nouriel Roubini, he kumu aʻoaʻo waiwai ma ke Kulanui o New York, i ka pule i hala aku nei e pilikia ka hoʻokele waiwai o ka honua i ka piʻi kiʻekiʻe, ka piʻi ʻana o ka uku paneʻe a me ka hoʻokele waiwai, a wānana e hiki i nā ʻoihana hoʻomohala nui ke hāʻule i ka recession.

Against the backdrop of possible recession in developed economies, China’s solid growth after optimizing COVID-19 policy this year will benefit the rest of the world, analysts said.

“The reintegration of the (world’s) second-largest economy into the world is bound to have a positive effect on global growth,” John Edwards, the UK trade commissioner for China, said in an interview with China Daily’s website.

Ua kōkua ʻo Zhou Lanxu i kēia moʻolelo.

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