Corrections · 3
Do you think China can sustain the record in economic growth? What will affect the prospect of it?
No, I don’t think so. After experiencing 30 years of high growth, the development of China’s economy has been close to choking point. Many problems have emerged so we should adjust and reform accordingly. The main factors that affect economic growth are as follows:
1. Impact of investment: The investment will be shifting to other fields gradually so the investments towards fixed assets, capital construction and real estate, etc., would shrink gradually. All these will affect the economic growth.
2. Impact of consumption: Consumption is influenced hugely by some factors like education, health, pensions and the economic environment, etc. Only by improving those aspects will it make people feel more secure consuming, and in turn, help realize China's goal of keeping a high economic growth rate
3. Impact of pollution: In the phase of economic high growth, blind exploitation of resources has brought disasterous effects on our living environment. Environmental pollution control is one of the priorities.
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