Safeguarding Sustainable Growth
By LAN XINZHEN
【期刊名称】北京周报（英文版） 【年(卷),期】2011(054)029 【总页数】1
The Chinese economy has continued growing steadily and rapidly,with its GDP growth reaching 9.6 percent in the fi rst half of 2011.
Since the beginning of this year, the Chinese economy has encountered several difficulties: inflation, natural disasters, closures of many small and
medium-sized
enterprises,
and
job
creation
pressures.Internationally, the effects of the 2008 fi nancial turmoil continue to linger and a sovereign debt crisis is plaguing Europe. Faced with mounting pressure, the Chinese Government took a number of measures to ensure the economy grows steadily.
First-half economic performance showed GDP growth continued on a downward trend. It slowed to 9.5 percent in the second quarter of this year.As a result of China’s pursuit of a healthier and more balanced growth pattern, the slowdown is what the Chinese Government expected.
In sharp contrast, consumer prices soared to new highs. Growth of the consumer price index (CPI) reached a 35-month high of 6.4 percent in June. Even so, the CPI’s growth is within the government’s
Safeguarding Sustainable Growth
