Xinhua Viewpoint: How Will China's Economy After The Games?
"Beijing Olympic Games has given people a key to an understanding of the key to China's
rapid development in recent years." Before the Beijing Olympics, International Olympic Committee President Jacques Rogge said.
Today, world-renowned Beijing Olympics has ended, after the Olympic Games of China's economy, become a topic of concern.
2008 Beijing International after the Games, China's economy to be concerned about
Olympic Games will not be a watershed in China's economy
Recently, some foreign sources, with the end of the Olympic Games, 2009, 2010, the Chinese economy will be a very difficult year.
"There is no doubt a strong impetus to organize the Olympic Games in Beijing's economic and social development, but because of Beijing's economy accounts for only a small part of the country, so to organize the Olympic Games role in promoting China's economic development should not be overestimated." This is President Hu Jintao accepted the joint interview with foreign media response.
Statistics, from 2002 to 2007, annual average for the Olympic Games in Beijing not to invest in the country each year 1% of the total investment in fixed assets. From the construction of scale, completion of the project area of the Beijing Olympics was 71.83 million square meters, is only equivalent to completion of the 2007 national housing area of 0.0139 percent.
"If China's economy, like the sea, then jumped into a frog, the impact of the sea is almost negligible." Chinese Vice Secretary-General of Public Economics, National School of Administration professor Zhang Xiaode that the Olympics did for the Chinese economy stimulus, but after the Olympic Games in China is still mainly influenced by macro-economic policies and global economic trends. The concept of the Olympics to China a big market in the world, but China's economic development is minimal direct pull.
Some economists recently, after the Olympic Games are optimistic about China's economic development. Li Yining said that China will not decline after the Olympic Games there. After the Olympics, more follow-up immediately to keep up with demand, China is no lack of new investment hot spot.
More critical is that the current Chinese economy is the level of lower-middle-income countries, urbanization, industrialization process will require substantial investment in infrastructure. "With or without the Olympics, the economy should develop." Zhang Xiaode said.
JP Morgan has issued a research report that China's economic slowdown after the Olympics is unlikely. From past Olympic Games host country experience, economic large-scale and rapid economic growth is not easy being the Olympic host country of the Olympic Games. JP Morgan forecast data show that in 2008 China's GDP will reach 4.5 trillion U.S. dollars.
2008, is the Beijing Olympics, and also of China's economic growth began to cyclical adjustment, the two also appeared as a coincidence, there is no necessary connection. At present, China's economy maintained steady and rapid growth in the basic situation, the cooling in a number of areas, this is the role of macro-control policies and measures under the self-adjustment of China's economy is moving in the expected direction of macro regulation and control.
Long-term development of China's economy is not a result of the Olympic Games begin, naturally, will not end the Olympics. A Beijing Olympic Games, after the climax in the grand tide is inevitable, but we can say with certainty that the economy will not happen after the Beijing Olympic Games a big recession, will not be the turning point of economic development, after the Olympics "Bird's Nest" will not "People take the empty nest," but still prosperous.
Xinhua Viewpoint: How Will China's Economy After The Games?
By: vivi
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