The year 2006 will be a crucial year in our efforts to implement this program, further put into effect the scientific development approach, and consolidate the results of macro-economic management for realizing the 11th Five-year Program. It is also the last year of China transitional period after WTO accession.
At the same time, businesses suffered from high energy costs and continued supply bottlenecks, although the latter have been gradually easing. While buoyant tourism has been supporting economic growth during the third quarter, we expect the economy to slow down substantially over the remainder of this year. There are four main reasons behind this.