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 Geplaatst: 03-09-2018 09:50:35 Onderwerp: Cheating is something t |
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MOSCOW， Oct. 19 (Xinhua) -- China has managed to keep the expected overall dynamics of economic growth in the first nine months of this year， a Russian economist said Wednesday.
In an interview with Xinhua， Alexey Maslov， a professor at the Higher School of Economics， one of Russia's top universities， said China's gross domestic product (GDP) growth for the first nine months "showed the rate in accordance with the planned guidelines."
China's GDP expanded 6.7 percent year-on-year between January-September 2016 to nearly 53 trillion yuan (7.87 trillion U.S. dollars)， according to data released by the National Bureau of Statistics of China earlier on Wednesday.
The latest figure， which is within China's annual growth target range of 6.5 to 7 percent， is less impressive compared with the double-digit growth China's economy achieved in the first decade of the 21st century.
Maslov sees the slowdown as the result of the country trying to diversify its growth impetus.
China's rapid growth has long come from public investment in fixed assets， while a significant part of the production did not give a direct return to the market， Maslov said.
Therefore， although the growth rate figures looked well， the real money turnover was less impressive， he added.@@ Over a year ago China set itself the task of developing the consumer market share in the country's GDP and did a good job， which is evidenced by the over-ten-percent retail sales jump in the first nine months this year， the expert said.
Maslov said that the achieved results overturned the fears of some foreign observers who held a bearish view about China's economic prospects.
Meanwhile， Maslov also said that China's economy should not only be evaluated by its GDP figures.
"There are two factors that can guarantee the stability of the Chinese economy -- the increase of investment abroad and the reactivation of the consumer market， both of which have worked well so far，" he said.
Besides， the fight against corruption is bringing positive results.
In the past two years China managed to "break the backbone" of a number of regional financial clans， whose interests were largely inconsistent with the main directions of the country's economic development， he said.
Maslov also warned about the growing imbalances in the Chinese economy， with one third of provinces heavily subsidized and rich coastal provinces contributing disproportionately large amounts to the GDP growth.
But on the whole Maslov is optimistic about China's economic prospects. China， to its credit， is now groping for the base， which will allow it to contain the slowdown of its economy and make a smooth landing， he said.
Mexico's President Enrique Pena Nieto salutes as he and first lady Angelica Rivera attend a military parade celebrating Independence Day at the Zocalo square in downtown Mexico City September 16 Marco Verratti Jersey , 2013. REUTERS
Mexico's first lady said on Tuesday she would give up a house at the centre of a scandal that created a potential conflict of interest between President Enrique Pena Nieto and a company bidding for a lucrative rail contract.
The Mexican government this month abruptly cancelled a $3.75-billion (2.4 billion pounds) high speed rail contract awarded to a consortium led by China Railway Construction Corp Ltd that featured a Mexican company known as Grupo Higa.
It then emerged that a subsidiary of Grupo Higa owned a luxury house that Pena Nieto's wife Angelica Rivera was in the process of acquiring, raising questions about the tender.
In a televised statement, Rivera, who was one of Mexico's most popular soap actresses before marrying Pena Nieto in 2010, said she had paid off about 14.3 million pesos ($1.05 million) of the value of the house and would sell her stake to settle any outstanding questions about the matter.
"Because I don't want this to continue being a pretext to offend and defame my family," Rivera said.
Rivera noted in her address that she had earned millions of dollars while working for Mexico's biggest broadcaster Televisa, and had the means to pay for the home. She had also acquired a separate luxury home while working for Televisa, she added.
"I have nothing to hide," Rivera said. "I've worked all my life and thanks to that I'm an independent woman."
The revelation about the house has aggravated discontent about the government's handling of the disappearance and apparent massacre of 43 trainee teachers by a drug gang working with corrupt police in southwest Mexico nearly two months ago.
Despite saying the gang had very probably incinerated the students, the government has yet to offer definitive proof, and sporadic protests and civil unrest have broken out.
On Tuesday, the president had asked his wife to explain how she acquired the house. But neither he nor Rivera have explained why one of the winning team from the rail consortium was also the owner of his wife's house.
Rivera also posted on her website a copy of a contract she had signed for the house in January 2012. The house was purchased for 54 million pesos ($3.98 million), paying a 9 percent rate of interest over eight years, it showed.
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