The "New Normal" Of China'S Economy Brings Positive Energy To The World

The slowdown in China's economy is a normal phenomenon. At the same time, China's reform prospects are broad. Under the new normal, the Chinese economy will bring positive energy to the world. Jean Paul Betbez, an economist of DDT international, a famous international accounting firm, said in an interview with Xinhua news agency.

Bate Baez said that China's economic growth slowed down mainly for two reasons: first, the overall slowdown in world economic growth has affected China's exports; from a global perspective, China's growth slowdown is part of the global growth slowdown; two, China's economic restructuring is bound to experience a slowdown, which is a perfectly normal phenomenon.

He stressed that

The slowdown is only relative to the ultra high speed growth in the past. In fact, China's economic growth is still at a relatively high level.

China's courage to sacrifice economic growth and actively promote structural adjustment is "a very correct strategic choice".

Bate Baez said that China's economy is facing challenges in 2015.

From the external environment, Europe's economy is in recession, and some emerging market economies need to be revival.

The risks of high level and individual industry need to be prevented and controlled, but the actual risks of China's economy should not be exaggerated.

For example, he said that although China's real estate industry needs to be adjusted, on the whole, China's urbanization and population size determine that the real estate industry is far from being oversupplied, like Spain and other European countries, so there is no need to worry too much.

Bate Baez believes that China's economic development is "new normal".

It means that China will pay more attention to consumption and domestic demand, and economic growth will be more emphasis on quality, environmental protection and social responsibility.

Bate Baez said that China's economy has many breakthroughs in the new stage, but in the final analysis, it is to enhance competitiveness and focus on sustainable development.

He also believes that China's economic reform will bring widespread positive energy to the world.

In the medium to long term, the start of China's huge domestic demand means that many industries such as health care, environmental protection and other industries have broad market prospects, bringing new market opportunities to the world.

"The impact of China's economic pformation on the world is very positive," he stressed.

For some foreign manufacturing enterprises moving from the Chinese market to Southeast Asia, Bate Baez said that this is a very normal phenomenon, because after many years of development, China's labor cost has been higher than that of Vietnam, Kampuchea and other Southeast Asian countries.

He believes that industrial pfer has created new employment for Southeast Asian countries, while forcing Chinese enterprises to increase production efficiency, upgrading from "price fixing" to "fighting for creativity" and "spelling together technology" is an opportunity for China to accelerate product innovation.