In The Future, Private Capital Will Gradually Become The "Protagonist" IMF, Optimistic About China'S Economic Prospects.

The International Monetary Fund (IMF) issued a statement on the official website recently, which is optimistic about China's economic prospects.

Official website information shows that David Lipton, the first vice president of IMF, said that the IMF staff raised the growth rate of China's GDP in 2017 to 6.7%, and the average GDP in China increased by 6.4% from 2018 to 2020.

In this regard, a number of experts interviewed by reporters said that compared with Moodie's downgrading of China, IMF is more optimistic about China's economic prospects, and its judgement is more realistic. China's economy will remain stable in the future.

Benefiting from policy support, especially expansionary credit and public investment policies, China's economy has maintained strong growth momentum.

Lipton said that in order to achieve

The goal is that the Chinese government needs to carry out in-depth reforms to change the current growth mode of investment and debt dependent on credit.

In addition, IMF's policy recommendations include: shifting from investment to consumption faster; strengthening the role of market forces; implementing a more sustainable macroeconomic policy portfolio; continuing to tighten regulation; dealing with non-financial sector debt; and further improving the policy framework.

Lipton believes that the above measures will help to make faster progress in reform, to ensure medium-term stability, and to cope with the risk of possible sharp adjustment in the current economic development trajectory.

He believes that China will once again overcome the challenges it faces.

In response, Gao Yuwei, a researcher at the Institute of international finance of Bank of China, said in an interview with reporters that since the beginning of this year, China has benefited from the simultaneous improvement of the developed and emerging market economies in the world.

The results show that China's economy has been stable and good, and its structural adjustment has been accelerated.

According to this trend, the annual growth target is no problem, even faster than last year.

He believes that the views of different international institutions on China's economy are obviously divided. This shows that the complexity and uncertainty of China's economy are increasing and the difficulty of judging future trends is increasing. However, this can not change the tone of China's economic stability.

In this regard, Wu Qi, director of the research center of the commercial bank research center of Hengfeng banking research institute, told reporters that in the process of deepening the structural reform of the supply side, effective public investment policy is conducive to make up for market failure and promote effective allocation of resources. At the same time, we need to guide the society in general to seek for a dynamic balance between aggregate supply and total demand.

Public investment is mostly concentrated in the fields of public infrastructure and public services. It is an important part of improving the well-being of the people. Effective public investment policy is also conducive to the promotion of private capital investment.

In addition, public investment in education and technology can also effectively promote scientific and technological progress.

Looking ahead, Wu Qi said that under the influence of economic downward pressure, slowing revenue growth and the reform of local government debt financing management system, the proportion of government investment in public infrastructure and public services will gradually decline, and private capital will gradually become the "leading role" in the future.

Therefore, Wu Qi suggested that the public

The important direction of adjusting and optimizing is to advance the reform of investment and financing system in the field of public investment and optimize the structure of public investment.

From the government led to market oriented, to reduce the entry threshold of public investment, and further activate private investment.

The two is to further increase policy support for the short board of people's livelihood.

Three, we should increase supporting policies such as land and taxation, strengthen market supervision, and create a fair business environment.

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