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Liu Shijin, deputy director of China Development Research Foundation, said on Saturday that China's gross domestic product (GDP) growth rate will remain above 6% in the next two years and will drop to between 5% and 6% or around 5% after 2020. The change of growth rate is in line with the law. In the past, the pillar industries such as infrastructure, real estate and automobiles have reached their peak demand in history, and the growth in the future will be more inclusive. Present.
China News Network quoted its speech at the annual meeting of the China Economic Forum of 50 people in 2019 as saying that the high basic costs in the fields of energy, logistics, communications, finance, land and other basic industries will be the focus of cost reduction in supply-side reform, and that many problems caused by the inadequate flow of resources such as land between urban and rural areas also inhibit the potential of economic growth and the improvement of inefficient sectors. It will become a new source of economic growth in China.
"High-quality development is actually a very difficult growth." Liu Shijin said that income growth and human capital upgrading, consumption structure and industrial structure upgrading, frontier innovation and green development of the low-income class are also new sources of economic growth in China.
He also said that these sources of growth have three characteristics: high demand for market economic system and quality; more increments are presented in an inclusive manner; most of the growth is slow variables, with less immediate impact.


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