Zhu Min: China'S Per Capita GDP Will Catch Up With The United States

At the sub forum of "dialogue with Zhu Min: China and the world economy", IMF vice president Zhu Min said that China's per capita GDP level will catch up with that of the United States, and China's economic growth will slowly slow down at the levels of 6.5%, 6.4% and 6.3%, but this is healthy and sustainable. The economic slowdown will not affect China's transition into a country with high per capita income, and China will continue to occupy the global G DP30% growth, so don't worry about the growth rate, especially the growth rate.

The following is the transcript:

next China Consumption will play a more important role and the relative proportion of investment will decrease. When the growth slows down, people worry about, for example, whether the per capita GDP level will catch up with the level of the United States. My answer is not to worry too much. For the study of South Korea, for a period of time, in 10 years, the growth rate was 10%. The next 10 years will be 8.5%, followed by 7% and 5.5%, and now it is stable at about 4.5%. The growth of the United States is relatively fast, so if we look at the per capita GDP of the United States, it is growing continuously. Before, the per capita level was only 10%, but now it is 60%, so this is a very important case. We need to wait for growth to slow, but we can make it despite the slowdown High per capita income Of the national class.

Chinese economic growth It will slow down slowly at the level of 6.5%, 6.4% and 6.3%. I think it is healthy and sustainable because the structure is more optimized.

At the same time, we talked about a growth rate of 6.5% to 6.3. The ratio of per capita GDP to global GDP will increase in both aspects. China will continue to account for 30% of global GDP growth, so we don't have to worry about the growth rate, especially the growth rate.

So finally, I would like to make a summary. The world is changing. Now the world is more interconnected. The economic structure of everyone and each country has an impact on other people. China has experienced rapid growth in the past 30 years. Now the productivity is declining and the proportion of industry is too high. Therefore, the structure must be adjusted. It is necessary and time-consuming to adjust the structure. At present, the government has adopted some correct methods. We have also seen that some good effects have begun to show. It is a very good situation to change China's economic form. Of course, it will take time. In the next few years, just like the real economy, we need to continue to make adjustments until the economy lands safely.

In addition to the decline in speed, we can see that the speed is increasing. China's share of world GDP will still increase, and China will still account for one third of the world's GDP growth. Increasing quality is more important than quantity. In the world today, we need to pay more attention to quality. China's economic growth will be stronger, more sustainable and more quality. Thank you. The above is all I have introduced.

China's trade pattern will also change, and China's change will affect the change of trade partner's trade mode, which is quite difficult for the whole world.