China'S Economic Pformation Or Focus Of Discussion

In the summer of 2015, the Davos forum will be held in Dalian, China from 9 to 11 this month.

At that time, people's concerns about China's new normal economic growth, world economic development and China's stock market volatility are expected to become the focus of forum discussions.

The Davos forum will focus on the theme of "the new blueprint for growth", and carry out over 100 sub forum activities on six topics, including economic uncertainty, scientific change, subversive industries, new China Normal, environmental boundaries and human meaning. It is expected that 1500 delegates from more than 90 countries will attend.

Chinese investors have experienced two days of ice and fire in this year.

At the beginning of this year, the Shanghai Composite Index rose from 3234 points at the end of the year to 5166 points in June 12th, creating a record in recent years. The subsequent development made many investors unaware that the Shanghai stock index began to shake down under the influence of the international environment. In August 24th and 25, the Shanghai stock index fell 8.49% and 7.63% respectively, and returned to the level at the beginning of this year.

Recently, relevant policies have also been introduced steadily.

In August 23rd, the State Council issued the "basic pension insurance fund investment management measures", which is expected to drive 600 billion RMB into the market. In the evening of August 31st, the China Securities Regulatory Commission, the Ministry of finance, the SASAC and the four ministries of the China Banking Regulatory Commission jointly issued the notice on encouraging the merger and reorganization of listed companies, cash dividends and repurchase shares, so as to encourage cash dividends and share repurchase in many forms.

In August 25th, the central bank issued a document on the same night, announcing the news of lowering interest rates. Among them, the central bank lowered the deposit reserve ratio by 0.5 percentage points and liberated the upper limit of the time deposit interest rate above a year.

In addition, according to relevant reports, the central bank conducted a 150 billion yuan 7 day reverse repurchase operation aimed at further releasing liquidity in today (September 1st).

Deputy director, Institute of Finance and securities, Renmin University of China

In an interview with CNR network financial reporter, the central bank's intention of "double down" is obvious, that is, it wants to enhance investor confidence and reduce the cost of obtaining capital, thereby improving the profitability of enterprises.

Under the circumstances of many favorable situations, the future of China's stock market still affects the hearts of many shareholders.

The world economy is in deep mire. When will the Federal Reserve raise interest rates?

Since 2015, the world economy, especially Europe and Japan, seems to be in the mire again.

Data from the global trade test showed that global trade fell by 0.5% in the 3 months ended June.

In the two quarter of this year, the domestic economy turned to a negative growth, while the European countries such as Portugal and Ireland faced the shadow of economic stagnation and debt crisis.

In August 12th, the euro area countries reached a third round of rescue agreement, which plans to provide Greece with a rescue loan of up to 86 billion euros in the next three years. However, the contradiction still exists: Germany has been opposed to any debt restructuring of any situation in Greece.

On the other hand, the United States, the largest economy in the world, is strong.

The US Department of Commerce said recently that the economy grew by 3.7% in the second quarter of this year, much higher than the initial estimate of 2.3%.

As the domestic economy continues to warm, the US dollar also rises relative to the euro and other currencies.

This puts the Federal Reserve in a dilemma: is it the first time to raise interest rates since 2006, or to consider the uncertainty of the overseas market, and to put it aside for the time being?

In this regard, the Davos forum invited Zhu Min, vice president of the International Monetary Fund, and Marcos Vinicius de Souza, Secretary of innovation, Ministry of industry and trade of Brazil.

Recent statistics show that China is in a throes of economic structural pformation: in September 1st, the purchasing managers index (PMI) of China's manufacturing industry released by the National Bureau of statistics dropped to 49.7%, below the critical point.

Earlier, the National Bureau of statistics data showed that in the first half of this year, China's GDP growth rate was 7%, and economic growth continued to slow down.

Zhao Qinghe, a senior statistician at the National Bureau of statistics, explained PMI, which is mainly related to the lack of growth momentum in the manufacturing industry.

This year, some traditional industries continue to increase structural adjustment, crude oil and other commodity prices continue to decline, manufacturing demand is weak.

Although China's economic growth has slowed down, economic growth has been the highest in 6 years, and its influence on the world is also growing.

In 2014, China's economy for the first time exceeded 10 trillion US dollars.

In the same year, China's contribution to the global economy reached 25.8%, 1.1 percentage points higher than that of the United States, ranking first in the world.

Manufacturing industry downturn, the third industry and some emerging industries continued to sound development, showing that China's economic reform has made corresponding success: in the first half of the year, the third industry accounted for 49.5% of GDP, 2.1 percentage points higher than the same period last year, and the trend of pformation from industrial leading to service owner guidance is continuing. In recent years, the concept of "Internet +" has swept through all walks of life, and cloud computing, new materials, robots, energy saving and environmental protection and other emerging industries have also made remarkable progress.

This year, Davos invited Professor Li Daokui of Tsinghua University, Li Jing, director general of chase, and Wang Hongzhang, chairman of China Co truction Bank Corp, to discuss the "new normal" of China's economy and its impact on the world.