China's Economy: This Year's Economic Growth Can Reach More Than 6.5%.

Pu Lhasa expects that China's economic growth will remain between 6.5% and 7% this year, but the more important question is whether China can rely more on investment and exports to achieve this level, and whether the existing economic reform can support long-term economic growth is also one of the key points.

"Economic growth based on rapid credit expansion is more dangerous."

Pu Lhasa said, "fortunately, the Chinese leaders seem to have decided to continue to carry out market-oriented reforms, including the financial sector."

A few days ago, Prasad, director of the China office and IMF of Cornell University, told reporters in the CNR network that IMF postponed the decision whether to allow the RMB to join SDR, in fact, it gave the RMB opportunity to meet the standards of SDR as much as possible.

At the same time, Pu de Lhasa also refutes the argument that the emerging markets of the media may encounter a "new round of financial crisis", saying that the global economic background is quite different from that in 07 years. The general Lhasa Germany expects that the growth rate of China's economy will be around 6.5%-7% this year.

Whether the renminbi will join the SDR will become the focus this month.

In August 4th, IMF released the evaluation of initial drawing rights (SDR) valuation method - preliminary consideration, pointing out that in the calculation of SDR, the central parity of RMB is not a suitable reference rate.

On the 11 day, the central bank carried out the reform of the intermediate price and lowered the central parity of RMB to more than 1000 points, the largest decline in history.

Subsequently, IMF said on 12 that it would improve the RMB.

The offer mechanism welcomed, although its spokesman said, "there is no direct impact on whether the renminbi is included in the basket of SDR currencies".

Pu De De said that although IMF can decide whether to allow RMB to join SDR next year, in fact, IMF is trying to make the renminbi meet the requirements of entering SDR as far as possible through delayed measures.

On the other hand, whether the renminbi is included in the SDR is also interpreted by the outside world as a "currency war" between China and the United States.

"Once the RMB is included in the SDR, it will start to compete with the US dollar," the foreign economist, the economist, once said.

"Although the US dollar will continue to be challenged, China will still have a long way to go before it can replace the US dollar as the world's major reserve currency."

Pu Lhasa suggested that for China, the establishment of a deeper financial market, including liberalization of interest rates, a more flexible exchange rate regime and a more stable regulatory framework, will help further the development of China's economy.

In August 28th, Yu Jun, Vice Minister of the Ministry of human resources and social affairs, revealed that the cumulative balance of pension funds was 3 trillion and 500 billion at the end of 2014, and estimated that about 2 trillion of the pension fund could be used for investment.

Although Yu Jun called "

The rescue market is not the function and responsibility of the fund.

Week 28, stock index rose 4.82%, reported 3232.35 points, Shenzhen index rose 5.32%, reported 10800 points, gem rose 6.26%, reported 2082.12 points.

Before that, the global stock market staged a series of "black Monday" and "black Tuesday". Once there was a voice that the global financial crisis would be staged again.

Pu Lhasa said in an interview that he did not think "

And a new round of global financial crisis.

In his view, although Europe and Japan are in a state of economic stagnation, some emerging market countries, especially Brazil, are also facing economic pressure, but the situation is different from the financial crisis in the past 08 years.

The external liabilities of these countries are not as large as before. They have more foreign exchange reserves and more flexible exchange rates. Of course, some shocks may occur, but far from a "new financial crisis".

The economist also wrote that the 97-98 year Asian financial crisis was "worrying".