Some Thoughts on Cooling Global Economy Boom and Adjustment of China's Economy

According to the annual report of World Bank,the global economic growth will slow down in the coming two years. The consumption decrease brought by falling real estate market will lead to the deduction of America’s import. Meanwhile,the economy of European Union in 2007 will be plunged into short-term stagnancy. Instead of building China's economic security upon the over-consumption of America and Europe,China should scientifically and systematically expand its domestic needs and imports,perfect its social insurance system,construct its modern villages,decrease its income gap,and exercise macro-control to guarantee the steady and fast development of its economy.