Talking about the current economic slowdown in China and the government's response, Jin said that we are impressed by the Chinese government's continued commitment to reform, and new initiatives such as the China (Shanghai) Pilot Free Trade Zone are advancing. “Despite the decline in economic growth rate, China’s efforts to promote economic transformation continue, which will shift China’s economic growth from relying on investment and exports to relying on consumption and services. We believe this is a completely correct strategy.â€
Kim Min said that in fact, China’s willingness to continue reforms in the face of economic slowdown has set a good example for all emerging markets and developing countries.
Jin Min said that the level of local government debt in China has risen, but China has a lot of funds. China is in a very special position. If local government debt really becomes a problem, China also has sufficient resources and capabilities to deal with it.
Jin Hao revealed that the research results of the urbanization project jointly carried out by the World Bank and China will be released in December this year. He emphasized that this research is an important manifestation of the World Bank's future strategy. The World Bank is working with China to build a knowledge center. As part of the Knowledge Center, the World Bank will conduct a wide range of activities in China, the first of which is joint research on urbanization to explore the construction of clean, livable cities. He described this as one of the most comprehensive reports, which will absorb the experience of China's domestic urban construction and will also be integrated into the experiences and cases of China's other cities in the world.
Kim Min said that the Chinese government's commitment to building a clean and livable city is admirable and necessary, because according to the World Bank's forecast, there will be 1 billion Chinese living in cities by 2030.
On the same day, Lagarde said at a news conference that the relatively slow growth will help China's economic transformation without worrying about China's economic slowdown.
Lagarde said that China's economic growth target for this year is 7.5%. The IMF's forecast is that China's economy will grow by 7.6% this year. "This is not an annoying thing, nor is it bad news. The growth rate of 7.5% is not low." Lagarde said, "There is reason to believe that the Chinese economy has undergone a healthy transformation, and it has become more stable and Better allocation of financial support growth.†She said that in the past China’s strong credit was mainly invested in large-scale investment projects and infrastructure construction. “We want to see the engine of China’s economic growth change and rely more on consumption than on investment. We will focus on this transformation process.â€
Oil drilling equipment includes various kinds of oil drill strings and Oil Drilling Tools, such as drill bits, drill collars, drill pipe, elevator links, spinning wrenches, drilling casing slips, drilling manual tongs, and more. Being highly reliable and safe, the petroleum equipment is widely used in the oil industry.
Rugao Yaou Company is an experienced oil drilling equipment manufacturer in China. We have been awarded the certificate of the American Petroleum Institute (API). We are mainly engaged in manufacturing and supplying a wide range of oil drilling equipment, such as well cement tools, workover tools, oil production tools, solid control equipment, and so on. In addition to petroleum equipment, we also offer a diversity of shearing machines, Hydraulic Press brakes, rolling machines, and hydraulic presses. Featuring high quality and low prices, our products are in increasing demand in many countries, like Russia, Germany, America, Egypt, Turkey, Thailand, Singapore, Australia, Brazil, just to name a few.
Mud Solids Control Equipment,Blowout Preventer Control System,Drilling Rig Operating System Equipment,Petroleum Instrumentation
Rugao Yaou Import & Export Trade Co., Ltd , https://www.ntyaous.com