China's economic targets

Judging by從, 依 China's recent performance, Hu Jintao's target might be seen as easily achievable. It implies意味者 economic growth of about 9.6% a year, which is rather less than the average over the last three decades. But that growth was based on some elements that can't last indefinitely無限期.

In common with many emerging countries, China's economic success has involved a rapid迅速 increase in the number of industrial workers, many of them moving from rural to urban areas. There is a limit to that process, and China might be close to it already. Very high levels of investment have also been important, but they are not seen as sustainable持續發展.

There is also the central role that exports have played in China's growth. The uncertain不確定 outlook in many rich country markets casts a shadow蒙上一層陰影 over that too. Most economists think the transition過渡 that's needed is to an economy driven帶動 much more by spending by China's own consumers. As incomes have risen, so has consumer spending, but its share in economic activity remains unusually low.

The World Bank has set out reforms that might help change that, by reducing incentives獎勵 to focus on exports, and industrial investment. The Bank also suggests a wider reform effort to make China more of a market economy. If that analysis is right, the prize could be many more years of strong economic performance and rising Chinese living standards.

http://www.bbc.co.uk/worldservice/learningenglish/language/wordsinthenews/2012/11/121112_witn_china_economic_targets.shtml