(The 3rd CIIE) Chief Economist of Industrial and Commercial Bank: China’s economic growth rate is likely to exceed 2% this year
China News Service, November 8th (Reporter Li Xiaoyu Xu Mingrui) The number of confirmed cases of new coronary pneumonia worldwide is still increasing.
Zhou Yueqiu, chief economist of the Industrial and Commercial Bank of China, said that if external defenses can be imported, the impact of the rebound of the external epidemic on China's economy will be "not too serious", and the annual economic growth rate is likely to exceed 2%.
The supporting event of the third CIIE, "Influence Investment: Rebuilding a Better World" was held recently.
In an interview with a reporter from China News Agency during the event, Zhou Yueqiu said that since the third quarter, the negative impact of the global economy on China's economy is gradually weakening because of the new changes in the pattern of large-scale supply chain migration that was previously feared.
Under this circumstance, China's economic growth rate this year is roughly above 2%.
Talking about the outlook for the global economy next year, Zhou Yueqiu believes that if the current epidemic prevention and control measures adopted by various countries are effective, the world economic recovery in 2021 may follow a "U"-shaped trajectory. Otherwise, the decline of the world economy is still difficult to judge.
He said that if countries continue to adopt the old methods in order to stimulate rapid economic recovery, and the toil of high pollution and unbalanced development, the obstacles to economic transformation in the future will be even greater.
Under this circumstance, the financial industry must coordinate economic, social, and environmental benefits, and vigorously develop "impact investment". This is an inevitable choice to help solve the problem of uneven development.
During the economic restart period after the epidemic, if a large amount of funds can be converted into "impact investment", it will accelerate the sustainable transformation of the global economy, turn crises into opportunities, and achieve a green recovery.
Zhou Yueqiu suggested that in the future, we should highlight the intelligent transformation of the industry, promote the continuous improvement of input and output efficiency with technological innovation, and modernize the industrial structure.
In addition, we should pay attention to the county and township market, improve the sales network and infrastructure, stimulate the growth potential of the county and township, and create a better consumption environment.
In terms of finance, the financial industry should be promoted towards an institutional opening based on pre-entry national treatment and negative lists to enhance the competitiveness of the financial industry.
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