Analysis of Current Economic Situation of China

In the 34 years since reform and opening up,China's economy realized on average 10 percent high yearly growth rate,after international financial crisis in 2008,under the background of global economy recession,although China's economy growth speed has been lower than previous years,the economic growth speed is still in the leading position.China is staying in the process of the deepening of industrialization,industrial growth still has big space,however,the demand of traditional heavy industry and chemical industry is more and more closing to the ceiling and their growth rate will gradually slow.The consumption demand is falling but stable,the speed of investment declines,export situation is not optimistic,the liquidity is not sufficient,but the pressure of inflation still exists.The real estate market is slowing,entrepreneurs are short of confidence,meanwhile,the increasing rate of financial revenue will become slowing.On the whole,the overall growth potential of China's economy declines,economic growth speed will slow,net export will be long-term stable and decline,future economic growth will mainly depend on domestic demand,and the decrease of the ratio of national fiscal revenue to GDP is conducive to expanding domestic demand and to boosting stable economic growth.