介绍:
Premier Li Urges Boosting Employment
Anchor:
Chinese Premier Li Keqiang has unveiled a new series of measures to encourage people to start their own businesses.
At the same time, the Premier says the government is planning to open up the infrastructure sector and other public service areas to private investment.
The statement from Li Keqiang also suggests mass entrepreneurship and innovation is the way to make China strong.
The Premier has been suggesting China's rising e-commerce sector is one area where employment growth can be achieved, promising more government support for the so-called Internet Plus sector.
For more on the direction the Chinese government wants to go regarding employment, the Beijing Hour's Paul James earlier spoke with John Ross, Senior fellow with the Chongyang Institute for Financial Studies at Renmin University.
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Back anchor:
That was John Ross, Senior fellow of Chongyang Institute for Financial Studies at Renmin University, speaking with the Beijing Hour's Paul James.
More RRR Cuts Possible in the Future: PBOC Official
China's central bank says there is still room for more monetary easing policies, especially cuts to the reserve requirement ratio (RRR), in the coming months.
Chen Yulu, member of the Monetary Policy Committee of the People's Bank of China (PBOC), says ongoing deflationary risk indicates a high possibility of more loosening measures in the future.
Official figures show the consumer price index (CPI), the main gauge of inflation, averaged 1.2 percent year on year in the first quarter of this year.
The number is the lowest since the fourth quarter of 2009.
While producer prices, a measure of costs for goods at the factory gate, also dropped 5.6 percent year on year in the first quarter.
The current reserve requirement ratio remains high at 18.5 percent, presenting enough room for further cuts.
SUV, New-energy Cars Highlight at Shanghai Auto Show
Anchor:
Despite a slowdown of the economy, China's auto sector is expected to continue growing. The China Association of Automobile Manufacturers is predicting tis sector will expand by 7 percent this year.
To secure better positioning in the market, domestic brands are showing off their latest models at the Shanghai Auto Show, highlighting SUVs and new-energy technology.
XYee has more.
Reporter:
Chinese auto makers have been spending heavily to roll out new models, and the Shanghai Auto Show is one of the most important platforms to display those new products.
Great Wall Motors is only showing SUVs.
Company President Wang Fengying says Great Wall will focus on its Haval brand, which specializes in SUVs.
"We have adjusted our strategies. Great Wall Motor will not debut any new sedan over the next two years. We will merely focus on SUVs. "
The popularity of Haval products has helped transform Great Wall Motors into one of China's most successful auto brands. The company hopes to sell 10,000 units a month each of two new vehicles - the H6 Coupe and the H8 SUV.
Auto analyst Yale Zhang believes that domestic brands' efforts to create new SUV models have helped them boost market share.
"These two or three years they launched a lot of SUV models, overwhelming, basically a lot more than the overseas car makers. That's why in the SUV sector the local car makers market share is increasing. "
According to LMC Automotive, Chinese automakers currently have 43% market share, up from 38% last year.
New-energy vehicles are also featured at the Shanghai Auto Show, as China has pledged to promote environmentally friendly options under a national strategic initiative.
Du Guozhong, Public Relation manager with BYD, says all the products they display at the auto show are new-energy vehicles.
"Our highlight at the show is purely new-energy. We brought nine models. Since BYD is a Chinese brand, we named those models after Chinese dynasties, easy to be remembered. Even though they are sold to other countries, people will know it is a Chinese brand."
China is now the largest car market in the world. The China Association of Automobile Manufacturers predicts that the total number of cars sold in the country annually will soon exceed 25 million.
For CRI, I'm XYee.
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