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Five most pressing questions on the Chinese economy — Exclusive Interview with an ‘Authoritative Insider’

(People's Daily Online)    14:02, May 27, 2015

file photo(Photo/cntv.cn)

Editor’s note:

People’s Daily recently interviewed an anonymous "authoritative insider", presenting five most pressing questions on the Chinese economy. In the Q&A, the insider urges straightly face up to problems in the development of China’s economy, maintain strategic focus on restructuring the economy, and expresses confidence in the prospect of China’s economy.

This interview goes viral since it is believed to contain important message from the high level authority.

The economy is operating in an expected and reasonable range

The first question was about the slowing down of Chinese economic growth. The insider noted that the economic operation of China is still reasonable and within expectations, but there are some acute problems that need to be taken seriously, especially in short term.

“The fundamentals of the Chinese economy are sound, as China has the world’s highest household saving rate and maximum space for macroeconomic policy maneuver. At the same time China has a very resilient economic system and a predominant institutional system. There will not be any serious problem as long as we make sure economic trends are carefully stewarded.” the authoritative insider assessed the macro-economic situation thus.

The second question related to the analysis of the trends in the Chinese economy. The insider noted that the development of the economy is either progressing forward in waves or following an upward spiral. “China should concentrate on reconstructing the economy, avoid concerns about growth rate fluctuation of one or two percentage points, and under no circumstances become so anxious as to resort to strong stimulus.


(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Yao Xinyu,Huang Jin)

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