The macroeconomic situation in 2016 to increase the difficulty of reform
First, the future of the global economy will remain weak trend. Up to now, the global economic downturn, the underlying trend of prices has not changed. The global financial market volatility, the devaluation of the emerging market countries in the exchange rate generally depth, the stock market swings, some countries of systemic financial risks rise. 2016, with the Federal Reserve to increase interest rates and the pace of appreciation of the dollar, the global economic situation will face more challenges
Second, China's economic growth momentum is insufficient, problems and contradictions will be more complex. In 2016, economic development is in phase change, transfer structure, model reconstruction, the risk of the release of the critical period, aging caused by the shortage of labor, lack of investment demand, government debt burden overweight problem will make the economy showed a pattern of low growth, low inflation, high leverage. Continuous the PPI for 45 months continued to decline, according to industrial field enormous pressure, deflation is clear, the new year economic see bottom rebound signs is not obvious.
Third, the global economic linkage to strengthen, to guard against financial risks to increase. In August 24, 2015, stock index hit the biggest decline in 8 years, at the same time, the global stock market also suffered a slump. The main reason of the global stock market crash is panic, including the prospects for the development of China's economy, the RMB exchange rate changes, the Federal Reserve to raise interest rates, international oil prices go low comprehensive together influence the confidence in the global market. Since 2015, a stronger dollar lower expectations of future commodity prices, a slowdown of economic development of the emerging markets reduces the demand for commodities, experience prices fell sharply, depressed commodity market situation triggered a multinational economic recession. All these show that the situation of global economic integration, the external influence to China's economy has been increased and the effectiveness of policy face more uncertain factors. 2016 Zhengzhou shelf factory is ready.
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