Review and Outlook of China's Economy in 2010-2011
Yan Ma
Abstract
Yan Ma
Abstract
On the background that global economy recovers slowly,China's economy in 2010 keeps its momentum and grows relatively rapid.Facing such disadvantaged international circumstance as tepid world economy recovery,slowdown of developed countries economy growth and trade protectionism,China' s economy suffered certain external shock.Domestic economic problems mainly focus on continuing inflation pressure,control on bubble of property market and deepening structural adjustment reform.The year of 2011 is the very beginning of 'State' s 12th Five-year Plan' and stands in a critical period,facing so much complicated international and domestic conditions, and there are a lot of challenge ahead.However,in light of these problems,China's government has made full use of proactive macroeconomic policies to design adaptive plans and does correct arrangements.Thus we forecast that China's economy remains steady growth and structural reforms will go on improving.
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On the background that global economy recovers slowly,China's economy in 2010 keeps its momentum and grows relatively rapid.Facing such disadvantaged international circumstance as tepid world economy recovery,slowdown of developed countries economy growth and trade protectionism,China' s economy suffered certain external shock.Domestic economic problems mainly focus on continuing inflation pressure,control on bubble of property market and deepening structural adjustment reform.The year of 2011 is the very beginning of 'State' s 12th Five-year Plan' and stands in a critical period,facing so much complicated international and domestic conditions, and there are a lot of challenge ahead.However,in light of these problems,China's government has made full use of proactive macroeconomic policies to design adaptive plans and does correct arrangements.Thus we forecast that China's economy remains steady growth and structural reforms will go on improving.
Key concepts: Economics, China, Shock (circulatory), Protectionism, Chinese economy, Planned economy, Inflation (cosmology), Government (linguistics)