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The coming decade ahead
Release time:2012-11-27 10:36/Source:admin/Reads:/Enquiry
Fresh evidence of a broader rebound for the Chinese economy definitely adds to the credibility of the country's ambition to double its 2010 gross domestic product and per capita income by 2020. The general secretary of the Central Committee of the Communist Party of China, announced the goal at the start of the 18th National Party Congress on Thursday. China's economic slowdown during most of this year had raised concerns about the health of the world's second largest economy. What will the manufacturers that produce plastic seals be beneficial from the economy boom?
However, the latest economic figures show that, without sacrificing the government's macroeconomic efforts to restructure the economy including plastic seals fields and transform the growth mode, the economy is gaining new momentum. Even rosier is the growth picture that the Organization for Economic Cooperation and Development has drawn for China. Such confidence in China's growth potential is impressive and is badly needed when the global economy is deeply troubled by the lack of any meaningful growth in debt-laden developed countries. There is enough reason to expect further reforms to improve social fairness.
As the world's most populous country and the second largest economy, China's emergence as the strongest economic power will considerably speed up the global recovery. Yet, the country's continued growth is not set in stone given all the challenges it faces. China needs to deal with a rapidly aging population and growing environmental problems through aggressive transformation of its growth model. However, after three decades of double-digit growth, particularly during the past decade when the Chinese economy grew from being the world's sixth largest to the second largest, we have ample reasons to pin high hopes on the new roadmap for growth. The manufacturers which export plastic seals should clench their teeth to deal with the challenges lie ahead.
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