Compared With Japan, China'S Economy Is Very Good.

The world is concerned about China's stock market and economic slowdown, but in addition to the stock market, there are more important things to remember.

No one thinks China's reform will be easy. Chinese officials and scholars do agree that important measures need to be taken to support China's economic structure.

People may soon see the bold reform of the Chinese government.

This is because these reforms are necessary.

Foreign media said that the recent collapse of China's stock market has attracted global attention, which is understandable.

For some reasons, most of the attention is focused on the debate between the pessimists and the optimists. Both sides have their own forecasts for the Chinese economy.

This is, of course, a very important issue, because it has tremendous economic and social impact on China and the world.

But it ignores three important facts about China's economy and China's future.

Japanese diplomatic scholar website in September 1st, "we should not worry about China now.

"The three reason" is a very important question, because it has great economic and social impact on China and the world.

But it ignores three important facts about China's economy and China's future.

First of all, China's economic slowdown should be seen from a comparative perspective, not only by horizontal comparison but also by vertical comparison.

The report said that this means that China's economic performance should be compared with the performance of other major economies, and that China's economy should be compared with its history (vertical).

Once this comparison is made, it is obvious that

Compared with Japan's economy, China's economy is very good.

Indeed, China's gross domestic product (GDP) growth rate may fall below 7% this year, but the growth rate of 6% to 7% can still pform China into a high-quality economy.

Second, the whole world is right.

One of the main reasons for this interest is that China's economic crisis will have potential social and political implications.

Some theories argue that economic crises usually trigger social and political turmoil and even change.

However, for China, these theories may not be applicable.

The reason is simple: there is no direct link between economic crisis and political change.

The overall social and political situation in China is stable.

Third, the most fundamental problem facing China's economy and its future is the depth and breadth of its reform.

Today, it is obvious that reform proposals in China are faced with strong resistance from all kinds of bureaucrats.

Vested interests are trying to keep their wealth, and it is expected that the future anti-corruption campaign will intensify, especially in the financial field.

This is the key battle that people need to pay close attention to nowadays.