China's economy can maintain a growth rate of about 9%

This year, China's economy maintained a steady and fairly rapid development momentum, but the growth rate has slowed down. Figures show that China's economic growth in the first half of 10.4 percent over the previous year, down 1.8 percentage points over the same period.

At present, the Chinese economic activities in the complexity, uncertainty over the past, new situations and new problems to come. "In this context, grasp the trend of China's economy, the need to pay more attention to China's economic fundamentals." State Council Development Research Center, deputy director of [Liu Shijin] said.

Can still maintain economic growth rate of 9%

[Liu Shijin] that have been published in the July economic data, there are several noteworthy new trends. First, the consumer price index dropped continuation of the trend of the decline in the last month, where exports have stabilized; Third, domestic demand remained stable growth.

30 years of reform and opening up, China's economy has maintained an average annual growth rate of more than 9 percent.

This long-term support of sustained and rapid growth are a number of factors, including the continued expansion of the market, a unique combination of factors of production, more integrated industrial system and the increasingly improved infrastructure and supporting industry conditions, a stable political and social environment, and gradually perfect The socialist market economic system and open economy system.

"China's industrialization and urbanization process largely completed before, China has entered the fast track of economic conditions, have the potential to continue to maintain the momentum of rapid growth. This is what we usually say the fundamentals." [Liu Shijin] said.

[Liu Shijin] that for some time, even when the economy entered a growth period of adjustment, the fundamentals support, coupled with effective macro-control and the support of structural adjustment policies, China's economy is still likely to remain around 9% growth Rate.

More likely to transform challenges into opportunities

[Liu Shijin] said that at present we face are big problems in the development, the challenges into opportunities to the possibility of even greater. Encounter these problems, because we have developed, the problem will create pressure and challenges and deal with well, it will open extension to the further development of space.

For example, this round of inflation pressure, mainly domestic and foreign factors of production and rising commodity prices caused by the development stage, the system transformation and integration into the globalization and other factors role in the outcome. Serious, can not control the inflation of harm is self-evident, but a specific phase of the price increases are a reasonable and positive role, such as rising prices of agricultural products will enable peasants to increase income, increased labor costs will help improve labor Income, reducing the income gap; energy resources price increases and price formation mechanism of the market, is energy-saving emission reduction and building a resource-saving and environment-friendly society's fundamental strategy.

More importantly, the rise in the cost of promoting the elements of the price increase, "forced" We have gradually weakened low-cost competitive advantage, speeding up the transformation of the mode of economic development, the formation of technological progress, resource-saving, environment-friendly features for the new competitive edge .

"This transformation of the mode of development of the customs, China's economy can not only continue to maintain rapid development momentum and, more importantly, can promote the development of the quality and efficiency on a big stage." [Liu Shijin] said.

China has unique advantages to resist

[Liu Shijin] believe that China's economy in resisting risks and uncertainties should have its own unique advantages.

First is a big country advantage. China, as a 1.3 billion population, entered in the latter part of the major industrialized countries, at home and abroad on the various risks and uncertainties, relatively small economies, a stronger adjustment, and resolve capacity.

Second is the advantage. China, as a后起the industrialized countries, not only can be introduced into the forerunner mature technology, equipment, technology, etc., but also the introduction of macroeconomic and microeconomic management of knowledge, learn from their success in the development of the experience and lessons of failure, and strive to commit or less Do not make mistakes, mistakes can be detected early and corrected.

What is more important is political advantage. We have the strong leadership of the party, the established practice of reform and opening up and constantly improve the theory of socialism with Chinese characteristics, in political mobilization, organization and coordination of social forces, such as emergency treatment has outstanding advantages, these advantages in the near future deal with a series of uncertainty Factors and unexpected incident has been concentrated expression.

"If the risks and uncertainties that it is difficult to avoid, to make good use of China's major power advantage, the advantage and political advantage, we may win some more of the initiative." [Liu Shijin] said.