China's economy will continue to rise next year

Summary on China's macroeconomic Forum November 20, experts predict that by 2010 China's macroeconomic GDP annual growth rate will continue to rise compared with 2009, but the quarter year on year growth in 2009 was the opposite, showing a slight decline trend. In the powerful...

At the China Macroeconomic Forum held on November 20th, experts predicted that China's macroeconomic GDP growth rate will continue to rise in 2010 compared with 2009, but the quarterly growth rate is opposite to that of 2009, showing a slight downward trend. .
Under the powerful stimulus policy, China's macroeconomic success has emerged from the deep decline since the third quarter of 2008, and the real economy has rebounded beyond expectations. Under the guidance of heavy industry, the growth rate of industrial added value has rebounded rapidly, and the growth rate of major industrial production has rebounded rapidly. However, inflation expectations are beginning to rise, asset prices are rising rapidly, and external demand is still falling. Liu Yuanchun, deputy dean of the School of Economics of Renmin University of China, judged that the Chinese economy as a whole has begun to enter the transition from the “policy stimulating rebound phase” to the “market demand rebound phase”. In this regard, Jia Kang, director of the Institute of Fiscal Science of the Ministry of Finance, believes that the focus of policy adjustment and market entities should be placed on the reform of the structure and reform, and more emphasis should be placed on economic means to promote the survival of the fittest in the market and promote The transformation of energy saving and development mode.

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