Prospects for the Chinese Economy

• 作 者: JIAO FENG
• 出 处: China Today
• 发表日期: 2015年04期
• 关键词: marking apparent worry modest downturn expectation accordance fourth upgrading h

THE 2015 Government Work Report set China’s economic growth target for the year at 7 percent,the lowest for the past 20 years,so marking the fourth consecutive year that the Chinese government has reduced its economic growth expectation.Although in accordance with the middleto long-term development law of the Chinese economy,this modest target has nonetheless generated worry about mounting pressure from the economic downturn and the high risk of deflation–apparent in feeble investment growth,

THE 2015 Government Work Report set China’s economic growth target for the year at 7 percent, the lowest for the past 20 years, so marking the fourth consecutive year that the Chinese government has reduced its economic growth expectation. Though in accordance with the middleto long- term development law of the Chinese economy, this modest target has nonetheless generated worry about mounting pressure from the economic downturn and the high risk of deflation-apparent in feeble investment growth,