China'S Economy Supports The World'S Development And There Is No Base For Sustained Depreciation Of RMB.

At present, the international economic environment is complex and changeable, and the downward pressure on domestic economy has not been reduced, and all kinds of risks and challenges have increased significantly.

As the world's second largest economy, China's economic performance has attracted much attention both at home and abroad.

In the face of China's economic slowdown, all kinds of worries are disturbing: will China's economy hard landing? Will it drag down the growth of world economy? Has China's economic "color" changed?

In 2015, faced with the complicated economic situation at home and abroad, China's economy achieved a 6.9% growth, and the economic operation was generally stable, with steady progress and steady progress. It showed a steady trend of macro overall stability, increased vitality of innovation, structural adjustment, deepening reform, opening up and improving people's livelihood.

For China's economic situation, some people stare at the economic growth rate of 6.9%.

Since the financial crisis in 2008, China's economic growth has been slowing down. For quite some time, there is a saying that "China's economy is going to have a hard landing".

Faced with such worries, Xu Shaoshi, director of the national development and Reform Commission, negated it directly.

Xu Shaoshi gave five arguments as support, that is, China's material base is relatively strong, its market demand is relatively large, its regional space is broad, and the quality of production factors has been enhanced.

"The reality of China's economic operation in recent years and the reality of China's economic operation in the future will prove that this argument can not stand."

Xu Shaoshi said.

There is also another worry: "China's economy has dragged down the global economy."

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Xu Shaoshi pointed out that China has not dragged down the world economy at all, and has also supported the world economy.

Xu Shaoshi cited a series of figures: China has 6.9% growth and is among the best in the global economy. China's GDP accounts for about 15% of the world's total GDP, and the contribution rate of economic growth exceeds 25%, which has surpassed that of the United States. Although China's import and export volume has dropped by 8%, the volume of imports has increased. So far, imports still account for second of the world's total. Last year, foreign direct investment was 127 billion 600 million US dollars, an increase of 10% over 2014, and it is also a major contribution to the world economy.

"Is China's economy going well? We are confident and patient, waiting for data to come out and speak."

At present, China's economy is still running within a reasonable range. It is a concise summary of China's economic situation by governor Zhou Xiaochuan of the people's Bank of China.

Zhou Xiaochuan stressed that there are divergent views on the current economic situation and the financial market situation, but we must have a comprehensive and objective understanding of the current China's economy.

Zhou Xiaochuan pointed out that

With the slowdown in Global trade and the intensification of international financial market volatility, China's economy maintained a 6.9% high growth rate in 2015, which is still at a high level worldwide.

Zhu Guangyao said that the reason for making such a judgement is based on three considerations.

First, with BRIC countries' economic and human resources development, BRIC countries have contributed more than 50% to the global economic growth in the past few years. On the other hand, BRICs cooperation has been expanding and deepening, and 7 leaders' summit has been held successfully. In addition, the BRICs economic cooperation has a solid foundation, especially in terms of financial infrastructure cooperation, which has made fundamental progress.

Zhu Guangyao pointed out that although some BRICs have encountered some fluctuations in economic development and financial markets, BRICs have huge resource endowments, strong human resources and strong foundation and potential for economic development as well as good policy space, all of which are conducive to supporting BRICs in coping with the current challenges.

As for

The reason for the decline is Zhou Xiaochuan's explanation.

Zhou Xiaochuan believes that the reason for the sluggish global economic growth is also the result of the Chinese government's initiative to adjust its structure, which is conducive to achieving a more sustainable and high-quality growth in China's economy and rebalancing the global economy.

Zhou Xiaochuan also said that China has sufficient foreign exchange reserves to ensure the balance of international payments and the stability of the RMB. There is no basis for sustained depreciation of the RMB.

Zhou Xiaochuan said that some rumors were used to create panic in order to match the rumor's speculation.

China will not allow speculative forces to dominate market sentiment.

Zhou Xiaochuan stressed that China's GDP is not directly related to the exchange rate.

For example, sometimes GDP growth will be accompanied by economic overheating and high inflation, which will create pressure on the depreciation of the local currency.

Now there are some misleading remarks in the world. It should be said that the exchange rate of the local currency is more related to its competitiveness and economic health.

Zhou Xiaochuan said.