Fang Gang China’s economic fluctuations from the perspective of periodicity

Fang Gang: the application of periodic economic fluctuation in view of Chinese Xinhua Tokyo September 29th news (reporter Qian Zheng Yan Leixu margin) famous economist Fang Gang said in Tokyo before the date of application, the periodic view of China economic fluctuations, the recent decline in private investment Chinese phenomenon, one important reason is that the economy is in a cyclical trough. Since 2016, China’s private investment growth is slow, the first 8 months, an increase of only 2.1%, the growth rate is much lower than the same period the total investment growth of 8.1%. This is rare in the past more than and 10 years. In this regard, China of economic reform in the twelfth Beijing – Tokyo forum in Tokyo’s National Economic Research Institute, Fang Gang said in an interview with Xinhua, private investment slowdown with private enterprises related to capacity, but is not a direct result, because private enterprises in these years has been to capacity. An important reason for the decline in private investment growth is China’s economy is in a cyclical trough. In a period of low economic growth, coupled with some overcapacity problem is not resolved, investment opportunities will naturally reduce, private investment will naturally slow down. Fang Gang said that to promote private investment, the need to eliminate institutional barriers to strengthen the protection of property rights, improve the confidence of private enterprise investment. The relationship between China’s economic growth and structural reform, Fang Gang said, can not only push reform, regardless of economic growth. Without economic growth, China’s many problems such as employment, innovation and other issues can not be resolved, the promotion of structural reforms will be hindered. For the recent devaluation of the RMB issue, said Fang Gang, a large number of hot money speculation in the past few years, leading to the appreciation of the renminbi, the current devaluation is correct. Moreover, the current RMB exchange rate pegged to a basket of currencies, the basket of the pound and the euro are devalued, the RMB should also lower. More exciting content to pay attention to WeChat search public number: Tencent Finance (financeapp).相关的主题文章: