China'S Economic Situation And Prospects In The Eyes Of Ba Shu Song

China's economic situation in 2016 can be summed up in 8 words: "macro stability and micro differentiation", chief economist of Hongkong exchanges, 8, said Mr.

The Chinese Federation of Returned Overseas Chinese and the Federation of overseas Chinese societies in Hongkong jointly held the report on "China's economic situation and prospects" jointly held in Hongkong on that day.

He said that the macro stabilization means that the economic growth rate will be very small in the whole quarter next year compared with the ups and downs of the whole macro-economic growth in the past few years.

The famous economist pointed out that, at present, there is not a very negative force, so that China's economic growth has dropped markedly. On the contrary, there are many new growth drivers in nurturing. At the same time, there is not enough power to bring a rapid return to the Chinese economy.

Therefore, there will be no big fluctuations in the macro level of China's economy in 2016 and will remain stable.

"Therefore, it is more worthy of attention to micro differentiation."

The performance of differentiation is corresponding to China's current economic structural pformation, such as mining, steel, cement and other traditional industries are shrinking, and the emerging industries such as medical health, environmental protection, Internet Finance and other future trends are growing.

What can Hongkong do in the trend of "macroeconomic stabilization and micro differentiation" in the national economy? Ba believes that the differentiation stage needs professional knowledge and professional judgement ability. In this regard, Hongkong has the advantages of talents and information, and has many industries such as medical, health, education and so on.

Especially in the 80-90 century of the last century, Hongkong has successfully completed the pformation from the industrial producer oriented service oriented industry, and the service industry is also a huge advantage of Hongkong.

He said,

Based on the current industrial advantages, experience and professional ability, it is entirely possible to obtain new development momentum. This depends on how Hongkong can make use of professional competence and understand the advantages of international and domestic markets in the context of macro stability and micro differentiation. It is the key to Hongkong's determination to find its own growth momentum in the national "13th Five-Year plan".

Differentiation is also reflected in the one or two and three industries. Since 2013, the contribution of China's third industry to GDP has exceeded second industries. By the first three quarters of this year, third industries contributed 58% to GDP, far exceeding the second industry.

The shrinking industry in the second industry is pessimistic about the economy and optimistic in the growth of the third industry. This is also a common phenomenon in the period of economic pformation.

In addition, the real estate market in mainland China has also ended the stage of unilateral sharp rise. It has entered a stage of differentiation. The performance of the one or two and three or four cities is quite different.

It will also be very significant, that is, the three or four tier cities have to sell and digest inventory, and a second tier city must provide enough supply to meet the demand.