China's Economy Still Has The Ability To Maintain Rapid Growth At Medium And High Speed

At the Forum on 2016 China economic outlook held in New York recently, economists attending the meeting generally agreed that although China's domestic and international economic situation was more complex in 2016, China still has the ability to maintain its economic growth at medium and high speed.

Yifu Lin, a former chief economist of the world bank and a professor at Peking University, said that as a developing country, China still has plenty of investment opportunities in the areas of urbanization and environmental protection. Unlike many other developing countries, China has enough foreign exchange reserves, household savings and other resources to invest.

Lu Feng, director of the China Center for macroeconomic research at Peking University, said it is undeniable that in recent years

The growth rate has indeed declined, and the future is also facing greater downward pressure. But because of the rise of the service industry, the decline in economic growth has not led to a marked deterioration in the job market.

Stable

It will win more time and space for China's economic pformation.

Huang Yiping, vice president of the National Development Research Institute of Peking University, believes that the recent sharp fluctuations in China's stock market have little to do with the fundamentals of China's economy.

Still relatively stable.

However, the volatility of the stock market also reminds us that China's financial market needs to be further deepened, the system and mechanism should be further improved, and the financing cost of enterprises will be reduced.

The 2016 China Economic Outlook Forum was jointly sponsored by the National Committee of the US China relations and the National Development Research Institute of Peking University.

Yao Yang, Dean of the National Development Research Institute of Peking University, said that China is pushing forward the supply side reform, which is expected to lay a new round of economic growth cycle in China in the medium to long term.

However, in the short term, in the context of the current downward pressure on China's economic growth, to ensure a smooth economic pition, it is still necessary for China to maintain a certain degree of stimulation at the demand side.