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This is the first time for this innovative platform to be inaugurated in Newcastle city, north of England, which is welcomed by local university and government officials.
Sincerity and honesty, along with the principle of government-business relations, stand for the progress of political civilization and the purification of a market economy, as well.

All 18 obligatory targets have been achieved as planned. Of the 41 anticipatory targets, the performance of 35 was in line with or better than expectations, 5 fell short of the projected figures, and there is one target for which the figures are not comparable due to changes in the statistical standards. It should be noted that the anticipatory targets are neither mandatory nor predicted; they are development objectives that the government hopes to achieve and a reflection of the anticipated direction of national development and policy orientation. The actual performance of these targets is objectively decided by the market, and may be higher or lower than the projected figures. The reasons for the discrepancies between the projected figures for some anticipatory targets and the actual performance are as follows: First, in order to reflect the orientation of macro-control policies toward boosting domestic demand, the targets of total retail sales of consumer goods and fixed-asset investment were set slightly higher than the estimated figures. These were targets for us to work toward over the course of the whole year, and as a result, there was a minor difference between the actual performance and the projected figures. The actual increase in the total retail sales of consumer goods basically met the projected target in real terms, but was lower than the target set at the beginning of the year in nominal terms because of imported deflation, the decline in the prices of some domestically manufactured goods, and the limited increase in the prices of agricultural products. In the face of a sluggish international market and insufficient domestic demand, total fixed-asset investment also fell short of the projected figure set at the beginning of 2015. This was due to serious overcapacity in some manufacturing industries; excess supply in the real estate markets of third- and fourth-tier cities; and a sustained fall in the prices of goods for investment as well as other factors. Second, unique factors resulted in the target for spending on R&D being lower than the projected figure. This was due to the increasing downward pressure on economic growth and the continued decline in the profits of enterprises in 2015. In addition, the figure for spending on R&D as a percentage of GDP in 2014 was adjusted statistically from 2.09% at the beginning of the year to 2.05% at the end of the year. These factors meant that the 2015 target for R&D spending as a percentage of GDP was not achieved. Third, changes in the international economic environment caused the yearly figures for some targets to be lower than the projected figures. Under the influence of a slowdown in the growth of world trade and a slump in energy prices on the international market, the growth of total import and export volume was slower than projected. A sharp drop in the prices of major commodities on the global market and the slackening demand for natural gas on the domestic market also meant that natural gas output for last year fell short of the projected target. Finally, the statistical standards for calculating the population using household registration have been adjusted by the competent department, and therefore the actual figure for the percentage of the population registered as urban residents in 2015 is not comparable with the projected figure.
"We will use fiscal policy flexibly to strengthen growth, job creation and confidence," it added.
While prices in upstream industries, such as oil, continued to go down, some products in the downstream, such as ferrous metals, saw slight recovery of prices in January, which might have been a result of China's latest efforts to pursue supply-side reform, which includes cutting overcapacity in specific industries, CICC said.
来源:资阳报