Schroeder expected the mainland economy continued to improve

The People’s Daily, the official media, first proposed in 2016 that “an authoritative person” means that the Chinese economy will see an L-shaped trend. However, “L”, which has been pronounced good for the past two years, has not yet appeared. The gross domestic product ) Has maintained more than 6% growth rate. Schroder chief economist Keith Wade said in an interview with this newspaper that he believed the story of China’s economic growth and adjustment structure will continue to unfold next year. Consumption will maintain a reasonable growth and maintain a sound economic growth. China’s economic growth this year is expected to be 6.3% to 6.4 %.

Real estate growth will slow down

Wade pointed out that the Chinese economy has enjoyed good growth this year. “This is a good signal.” However, the structure of the economy still needs to continue. Real estate growth is expected to continue to slow down. However, it will be offset by a recovery in the manufacturing sector and the global economic outlook remains healthy Under the expectation that next year China’s economy will be better but the most important reason is that China’s target will double its per capita income by 2020. Therefore, economic growth in the next few years should be maintained at above 6%. “I believe they (China) will try to achieve the target . ”

As for the major risks are still the debt issue, many of China’s high-level debts are more bad loans. He believes that if banks are suddenly forced to slow down their lending rates, they will have an impact on the economy. However, China is a high-saving place with a large deposit As a result, the government can ask the banks to continue lending operations so there will be no slow loan growth.

With regard to U.S. trade protectionism, he said: “The United States will resort to this tactic only if there is no other alternative.” Because the market is sensitive to this, it will only serve as a way to fight against China on a certain issue. Trump It will only do so if the tax reform fails and both the public and the public are very disappointed to “make progress and improve popularity”.