China's economy is to withstand the most severe challenges of this century

China's National Bureau of Statistics Yao Jingyuan, chief economist of the 10th at Beijing University Guanghua School of Management at the New Year's Forum said that since the U.S. sub-loan crisis triggered by the impact of the financial tsunami, the Chinese economy is growing downward pressure on the Chinese economy is facing in this century the most serious difficulties and challenges. But China's economic fundamentals are good, the future of China's economic confidence.

Yao Jingyuan that despite this year's economic situation is more severe, especially in China's export situation is more severe, but based on scientific analysis of macroeconomic and judge that China's economic fundamentals are good, the current most important thing is to strengthen confidence.





Yao pointed out that the reform and opening up the past three decades, China's economic growth rate of 9.8 percent on average. From economic growth, employment rate, price and international balance of payments four evaluation indicators, China's economic fundamentals are good. 2008 1-3 quarter, China's GDP growth of 9.9 percent, the fourth quarter of China's economic growth rate will remain at more than 9 percent, despite great pressure, but the year 2008 China's economic growth remained at the speed of China's reform and opening three decades the average growth rate range.

"China's mobile phone in 1989 to maintain the volume of only 10,000 at that time we expect that in 2000 China's mobile phone holdings will reach 800,000, but in 2000 the volume of Chinese mobile phone holders in fact has been achieved 87000000, and in 2007, China's mobile phone ownership has more than 500 million. "optimistic, said Yao Jingyuan, China's economic development three decades of practice has proved that China's economic forecasts are basically inaccurate and should be looking at the development and changes in China's economic development. In a long time to come, industrialization, urbanization, marketization and internationalization will be to support China's economic development and the basic force.

Yao Jingyuan think, strengthen confidence, one of China's economic fundamentals are good, the second is to look at policy. The Chinese government has adopted a proactive fiscal policy and a moderate easing of monetary policy, capital growth at the same time, expanding domestic demand, namely, the expansion of investment, expand consumption, and resolve of China's economy but also deep-rooted problems that continue to adjust the economic structure.