By Zhang Liqun, the Department of Macroeconomic Research, the DRC

Research Report No 223, 2013

Abstract:

Since 2013, China's economy has maintained 7 - 8-percent growth, as a result of stable development policies, political guidance and financial supports. However, the environment is still unstable, and there are difficulties in increasing exports. Investment still has downward pressures with the rise and fall of the real estate markets, and there are restrictions on capital.

The main thing is that economic growth should be moderately reduced to reflect real conditions and the government should speed up functional changes, and improve the constraints on property liability to build a new foundation for economic growth with a new type of urbanization and dealing with excessive production capacity.