This number showed that the Chinese economy is doing well. Well enough that the concern for a sudden drop or a hard landing, the likelihood for that is much smaller, but on the other hand we still have a lot of issues to get rid of.
I’m also hopeful to see this growth in the services sector. I’m hopeful that with more structural reforms, with more internal demand driven, this sector will grow even faster, and that’s going to be the engine for the Chinese economy.
China still has a lot of problems. The traditional industries are still going through a very tough adjustment period. We know that there is the overcapacity issue in a lot of these sectors, and we are going to continue to shrink these sectors and move people, move resources, to other sectors.
I’m more comfortable with these by sector numbers to predict that this year in the end, we are going to be 6.5 percent or higher. And that’s important for the world as well, right. Because you don’t want to see a sudden drop in important sectors in China. That is going to hurt China, that is going to hurt the rest of the world.
For a very large economy going through a transition period, these are not surprising results. Right? So even at 6.5 percent, it’s still a good number. China would still be growing at 6.5 percent, would still be a main driver for global growth.
发布时间：2016-04-26
浏览次数：7876次
