欧美精品在线第一页,久久av影院,午夜视频在线播放一三,久久91精品久久久久久秒播,成人一区三区,久久综合狠狠综合久久狠狠色综合,成人av一区二区亚洲精,欧美a级在线观看

Economic Watch: Impact of U.S. tariff hikes on China's manufacturing sector controllable

Source: Xinhua| 2019-05-27 20:45:21|Editor: ZX
Video PlayerClose

BEIJING, May 27 (Xinhua) -- Tariff hikes by the United States will to some extent result in an increase of enterprise operation costs, lower competitiveness and fewer orders, but their impact on China's manufacturing sector is generally controllable, a senior official told Xinhua in an interview.

The 200 billion U.S. dollars worth of Chinese goods on which the United States imposed additional tariffs accounts for 41.8 percent of China's exports to the country, but only 8 percent of China's total exports, said Wang Zhijun, vice minister of industry and information technology.

Moreover, about half of the affected enterprises are foreign-funded enterprises, including many American companies, said Wang.

In other words, the tariff hikes hurt not only the interests of Chinese enterprises and consumers, but also U.S. companies and consumers as well as the global supply chain, said Wang.

Latest statistics from the National Bureau of Statistics (NBS) showed that the value added by China's major industrial firms increased 5.4 percent year on year in April, beating market expectations and posting an optimized structure.

In addition, the purchasing managers' index for the manufacturing sector held steady at 50.1, remaining within the expansion range.

NBS statistics also showed that profits of China's major industrial firms fell 3.7 percent year-on-year in April, thanks to a higher base in April last year and an earlier unleash of the market demand in March as lower value-added tax rate was implemented on April 1.

Li Chao, an analyst with Huatai Research Institute, said that industrial profits would return to the positive territory, but how fast will depend on market demand, prices and the policy incentives of tax cuts and fee reductions.

"Trade frictions may amplify short-term fluctuations but will not impact the long-term trend of asset prices based on what happened during the U.S.-Japan and U.S.-EU trade frictions," Li said.

As enterprises may continue to foreload their exports, the data will not worsen in the second quarter, he said.

BETTER STRUCTURE

Based on figures from April, China's manufacturing sector has seen improving structure and efficiency. Among the 41 sub-sectors, 27 saw higher profits and 14 reported lower earnings in April.

On the positive side, consumer product manufacturers and equipment producers maintained relatively fast profit growth, reflecting structural improvement.

In the period, major special-purpose equipment producers recorded a 17.9 percent profit growth, while electrical machinery and device producers' profits climbed 14.5 percent.

The structural change was in line with a shift in China's economic growth drivers from exports and investment to domestic consumption and high-end industries, analysts said.

For every 100 yuan of revenue they generated, the costs they bore fell by 1.1 yuan from a year earlier to 88.7 yuan in April.

Wang said that manufacturing firms' confidence had been enhanced thanks to the gradual unleashing of policy dividends as a result of the country's lower value-added tax rate.

INNOVATION ENCOURAGED

In the long run, innovation will be the main engine to propel the expansion of China's manufacturing industry. To encourage corporate innovation, China unveiled various measures, including establishing a series of innovation centers and laboratories, increasing support for enterprises in key fields and optimizing innovation-oriented policies.

Wang said China will place greater emphasis on innovation in enterprises' development and urge them to increase research and development investment with more tax cuts and fund and loan issuances for innovation projects.

More efforts will be made to facilitate research on core technologies, accelerate the intelligent, green and service-oriented upgrading of the manufacturing industry, and advance the integrated development of the manufacturing industry and industrial internet, Wang said.

While enhancing resource sharing on various research platforms, the country will promote the application of scientific achievements, encourage domestic enterprises to carry out international innovation cooperation and intensify the protection of intellectual property.

Despite the disruptions from the increased tariffs imposed by the United States, Wang said the country's manufacturing industry has a bright prospect.

Official statistics showed that from January to April, actual foreign investment in China's manufacturing sector jumped 11.4 percent year on year.

KEY WORDS:
EXPLORE XINHUANET
010020070750000000000000011100001380944371
主站蜘蛛池模板: 欧美精品日韩| aaaaa国产欧美一区二区 | 国产乱子伦农村xxxx| 浪潮av网站| 中文字幕精品一区二区三区在线| 国产91丝袜在线| 国产麻豆精品久久| 国产一级一区二区三区| 91精品国产九九九久久久亚洲| 国产在线拍揄自揄拍| 日韩精品一区二区亚洲| 亚洲精品乱码久久久久久蜜糖图片| 欧美乱偷一区二区三区在线 | 亚洲欧美日韩精品suv| 国产日产精品一区二区| 久久久久久久久亚洲精品| 欧美日韩一区二区三区在线观看视频| 国产一区网址| 国产1区2区3区中文字幕| 最新国产一区二区| 亚洲久久在线| 国产在线一卡二卡| 综合久久一区| 国产一区二区三区色噜噜小说| 99久久免费精品国产男女性高好 | 国产精品久久久久久久久久久久冷| 亚洲制服丝袜中文字幕| 国产午夜精品一区二区理论影院| 夜色av网| 日韩精品免费播放| 男女视频一区二区三区| 国产欧美一区二区三区免费视频| 91超碰caoporm国产香蕉| 国产精品久久久久久av免费看| 中文在线√天堂| 在线国产一区二区三区| 久久两性视频| 日本三级香港三级网站| 国产亚洲精品久久yy50| 日韩一区二区中文字幕| 精品少妇一区二区三区免费观看焕| 欧美一区二区三区久久久久久桃花 | 欧美乱妇高清无乱码免费| 久久久久久中文字幕| 欧美大片一区二区三区| 九九久久国产精品| 99久久夜色精品| 日韩精品免费一区二区夜夜嗨| 91精品丝袜国产高跟在线| 亚洲精品一区二区三区98年| 国产精一区二区| 欧美日韩乱码| 在线国产一区二区三区| 午夜影院一区| **毛片免费| 日韩精品少妇一区二区在线看| 日本丰满岳妇伦3在线观看| 国产99久久久久久免费看| 国产精品九九九九九九| 亚洲精品国产一区| 国产精品精品国内自产拍下载 | av午夜在线观看| 精品国产乱码久久久久久虫虫| 伊人精品一区二区三区| 99riav3国产精品视频| 理论片午午伦夜理片在线播放| 少妇厨房与子伦在线观看| 欧美色综合天天久久综合精品| 国产精品天堂网| 午夜色大片| 亚洲欧洲日韩在线| 欧美一区二区三区艳史| 日韩精品一区在线视频| 亚洲精品456在线播放| 特级免费黄色片| 国产精品综合一区二区三区| 国产午夜亚洲精品羞羞网站| 亚洲精品一区在线| 性生交大片免费看潘金莲| 男女视频一区二区三区| 99久久免费精品国产男女性高好| 日韩亚洲精品在线|