China Will Remain The Key To Global Growth.

As the 2016 drew to a close, the world was surprised to find that despite the turmoil, the global economy still showed considerable potential.

China has contributed a lot to this.

Foreign media pointed out that investors still have strong confidence in China's economic performance next year, while China will still be

The key.

"People who are looking at China may regret their decisions."

Singapore commented.

This has also become the mainstream voice of international public opinion.

"Despite all kinds of doubts, China has achieved 6.7% economic growth for 3 consecutive quarters this year, and the contraction of factory prices for 4 years is coming to an end. The main manufacturing index is unchanged from the high level after 2012."

The report said.

This report focuses on the Central Political Bureau meeting held by the Communist Party of China on the 9 th of this month.

The conference cited six important signals of economic development in 2017, including deepening structural reforms on the supply side, expanding the scope of opening up, improving investment environment, releasing potential for consumption and attracting foreign investment actively.

"The nineteen largest party in 2017 is also the important year for the implementation of the 13th Five-Year plan and the deepening of structural reforms on the supply side. It is of great significance to do well in economic work."

Reuters is also concerned about the focus of the conference, and reported that China's GDP growth in the first three quarters was 6.7%. The market generally expects that the fourth quarter can still maintain this trend, and the annual growth target of 6.5% to 7% is expected to be completed.

In November, China's economic data handed out a good pcript.

This also enables foreign media to present more positive evaluations of China's economic summing up in 2016 and the 2017 outlook on the occasion of the upcoming December central economic work conference.

"The economic data given by China in November exceeded the expectations of experts, which is not only a good signal given by the Chinese economy, but also a global warming."

The "business insider" website in the US recently published the article.

These economic data not only give the Chinese economy more power to develop, so as to achieve the annual GDP growth target of 6.5%, which means that China's economic reform and the government regulation of stimulating growth have achieved initial success.

According to the article, as the manufacturing industry index which accounts for 40% of the national economy has reached the peak in recent years, the index of non manufacturing industry has also broken through the historical high since 2014. China's economic prospects are good, and it can "more confidently stabilize the way forward on the road of economic recovery".

China's economic "gratifying" data echoes the strong growth of the world's major economies this year.

According to the US report, the recent economic activity assessment by the OECD, based in Paris, also shows that many large developing countries, as well as Britain and France, show signs of accelerated growth.

China's strong growth rate from the GDP data in the first three quarters is not surprising.

The data are in line with what China calls the new normal.

The goal is an economic model aimed at reducing the volume and increasing the quality of the structure.

China's "new mode" relies more on innovation driven, while reducing export dependence and relying more on individual consumption. At the same time, in his view, private enterprises in China should become stronger in terms of production, investment and export.

China's efforts to pform the growth pattern are clearly recognized by the world.

"The determination of the world's second largest economies to boldly tackle a series of global problems such as economy, environment, corruption and poverty has been praised by world leaders."

Malaysia said that although the international environment is weak, foreign direct investment into China has slowed down this year, but still ranks first in the world.

"In fact, China has a confident capital."

The article says.

China is "the largest and fastest growing consumer market in the world"; the United Kingdom has noticed that, in the eyes of practitioners, China has "surpassed the foreign trade in flexibility". The United States has also recently published a report that, while the western research budget is sluggish, China is providing huge sums of money for many tip end research projects, and China is catching up with the fields of artificial intelligence, UAV and Internet technology.

"China is investing heavily in an unusual sense of national mission to promote innovation and reduce its dependence on foreign countries in core technology.

China's ambitious innovation may eventually lead to a faster growth of the global economy. "

Citing data from the organisation for economic cooperation and development, China's R & D expenditure surpassed Japan in 2009, surpassed Europe in 2013, and is expected to surpass the US by 2020.

"People who are looking at China may regret their decisions."

Singapore commented that China is moving up the value chain in many ways.

Goldman Sachs, for example, pointed out that in 1995, among the top five Chinese exports, footwear, clothing and toys.

20 years later, communications equipment, automatic data processor, cathode tube, furniture and jewellery.

At the same time, the quality and service standards of Chinese products are also improving.

The report quoted Jeff Broderick, head of Asia Pacific region of a market consultancy, as saying that he expects that the quality gap between China's cars and foreign cars will disappear in the next two or three years.

The disappearing gap has drawn more attention from the world.

It can be used as an example.

"Chinese students" who were studying hard in the financial and financial fields in the west, are now going to surpass their teachers and become "masters of world finance".

When the western economy entered the "post capitalist era", the economic thinking and management methods entered a single "dead end". China was trying to introduce a more flexible financial market for the world, and overthrew people's inherent thinking mode that "China is not good at creating business models, and is not good at taking risks and innovations".

Of course, there are still many reminders of risk in optimistic expectations.

The Chinese economy still faces many outstanding problems. The government should make great efforts to solve such problems as reducing excess capacity and eliminating financial risks in some areas. China will also speed up the establishment of a long-term mechanism to ensure the steady and healthy development of the real estate market.

Reuters quoted the latest China economic outlook from 2017 to 2018, which is released by UBS. It is expected that China's real estate market will adjust again in the next two years, and consumption may weaken as income growth slows down, but the whole should remain stable. At the same time, the pressure of RMB devaluation will continue after Trump took office.

Given that the monetary policy of the Federal Reserve and the Central Bank of China will continue to differentiate and the pressure of capital outflow continues, the renminbi will continue to depreciate against the US dollar in the next two years.

"China will, of course, try to achieve economic growth driven by innovation as soon as possible, but we must take account of the larger economic downturn that may occur in different areas in the next 5 years.

Of course, this structural adjustment can also make China stronger. "

Margo Schueller said.

Fortunately for China, however, other countries are looking forward to China's success.

China's economic development is in line with the interests of most countries, especially those that can export goods and services to Chinese consumers.

In fact, it is more important than the economic problems of Europe and Japan and whether India can continue to exert influence in the world.

After all, without China, the world economy will surely fall into recession.

Yale University, Professor Morgan, former chairman of the Stanley Asia region Stephen Hroch recently strongly emphasized this view.

In his view, China's economic growth rate this year may reach 6.7% - much higher than most forecasters' expectations.

"China has the strategic, financial resources and determination to pform its economic structure, and will develop into a consumer oriented consumer oriented society. At the same time, it can successfully avoid cyclical crises."

Stephen Hroch said in his article, "I am very optimistic about the prospects of the global economy. I think the world is facing much more serious problems than China's economic collapse theory.

I believe that the world economy after the crisis will be in great difficulty if it is not driven by the Chinese economy.

Chinese pessimists need to be more cautious when making voice.

Fortunately, the pessimists are getting fewer and fewer.

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