Multi-institutions predict GDP growth rate of 6.7% next year. Stable investment will promote consumption.
January 11 11:10:58, 2024
With the approach of the Central Economic Work Conference, many institutions predict that next year's economic work will focus on stable investment and consumption promotion, and the annual economic growth rate may reach 6.7%. According to a report released by the Bank of China International Finance Research Institute, the initial forecast is that China’s economy will grow by 6.7% in 2018, a slight decrease of 0.1 percentage points from 2017, but it will focus on improving quality and efficiency while growing steadily. The National Development and Strategy Research Institute of Renmin University of China also predicts that China's macro economy will maintain a relatively stable development trend in 2018. The actual GDP growth rate is 6.7%, a slight decrease of 0.1 percentage points from 2017. The predictions released by the Macroeconomic Research Center of Xiamen University show that in 2018, with the further improvement of the external economic environment and the steady adjustment of the domestic economic restructuring, the growth rate of GDP in the four quarters has fluctuated, but it can basically remain relatively stable. The annual GDP growth rate will fall back to 6.65%. Liu Yuanchun, vice president of Renmin University of China and executive director of the National Development and Strategy Research Institute, said that the current Chinese economy must attach great importance to the accelerated decline in the actual growth rate of fixed asset investment. The core of steady growth in 2018 is “stable investmentâ€. For example, Guan Qingyou, dean of the Financial Research Institute and chief economist, said in an interview with the Economic Information Daily that the focus of economic work in 2018 is that supply-side reforms should continue to advance, but ideas may change. Quantify goals to pursue quality improvement. Second, financial supervision should be strengthened, channel business should shrink, and financial de-leverage should be accelerated. There may be some partial and individual financial risks. Third, the reform of state-owned enterprises has entered a new era, and the reform of mixed ownership is expected to make further breakthroughs. In continuing to promote the structural reform of the supply side, Zhang Yu, director of the macro-receipt of the Minsheng Securities Research Institute, told reporters that with the continuous improvement of the supply-side reform, the consumption upgrade and the industrial structure transformation have achieved initial results, the industry concentration has increased, and the consumption contribution has increased. . The government is paying more attention to the transformation of the economic growth model and the improvement of the quality of economic growth, and the tolerance for the slowdown in economic growth has increased. Wang Hongwei, deputy director of the Macro Theory Department of the Institute of Economics of the Chinese Academy of Social Sciences, said in an interview that in 2018, economic work still needs to maintain stability and progress. In 2018, it is necessary to continue to deepen supply-side structural reforms and continue to improve the business environment of enterprises.
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