Has China’s new economic normal entered a new stage?

According to reports, data recently released by relevant agencies show that in 2017, China’s macroeconomics recovered simultaneously with the world economy and continued to implement policies to stabilize growth. The overall economy showed “making progress while maintaining stability, and making progress while improving.” With the trend of recovery exceeding expectations, China’s macroeconomic adjustment has achieved a phased victory.

The report stated that China’s economic stabilization in 2017 was generally policy-based and restorative, while market forces and trend forces have not yet stabilized. China’s macro-economy has shown the following three major characteristics that require focus: First, the economy has stabilized but is difficult to rebound quickly, and stabilization and slowing down may be the norm; second, risks have eased but alarms have not been lifted, and local problems may worsen; third, although the structure has been optimized, it faces the impact of policy withdrawal.

The new normal of China's economy in the coming period will face new environments, new problems and new contradictions that are different from those of the past five years. The economic growth rate will shift from a "rapidly declining downturn" to a "stable and slowing down period". "Adjustment Period", the force of growth shift will shift from the superposition of "trend force" and "cyclical force" to the superposition of "policy exit" and "trend force".

As the financial cycle will enter a downturn, the release of risks will become more sudden and hidden; seventh, reform will enter a period of tackling key problems and building new system dividends, and economic development will usher in a " "High-cost period", cost-push inflation may be a problem that requires great attention in the future.

I hope China’s economy can continue to develop!