GDP in 2019 is expected to be nearly 100 trillion

According to the latest data, in 2019, China's gross domestic product (GDP) is expected to be close to 100 trillion yuan and the per capita will step up to 10000 US dollars. Experts believe that under the background of slowing growth of world economy and international trade and great downward pressure of domestic economy, GDP has reached a new level, indicating that China's economy is resilient and full of momentum. This will lay a solid foundation for achieving the goal of "double the two by 2020". In the long run, under the two core driving forces of technological progress and production efficiency improvement, China's economy has a good momentum and huge development potential. "China's GDP is close to 100 trillion yuan, which is of great significance." Color, associate professor of Guanghua School of management, Peking University, said in an interview with China Securities News that 2019 is the key year for China to win the building of a moderately prosperous society in an all-round way and implement the 13th five year plan. The GDP of nearly 100 trillion yuan has not only delivered a satisfactory answer sheet, but also laid a solid foundation for achieving the goal of "double double" in 2020.

At the same time, as the world's second largest economy, China's GDP of nearly 100 trillion yuan indicates that China has a heavier weight in the world. Under the background of slowing growth of world economy and international trade and great downward pressure of domestic economy, China's economy has maintained a steady growth, with GDP approaching 100 trillion yuan, and has reached a new level, which highlights that this achievement is of great value and significance. Color said that under the background of large economic volume base and slowing economic growth, this achievement shows that the "gold content" of economic growth between 6% and 6.5% is relatively high. Yang Zhiyong, a researcher at the Institute of financial and economic strategy, Chinese Academy of Social Sciences, said that economic development needs a certain GDP growth rate, but growth rate is not the only standard to measure economic development, and improving quality is more important. At present, China's economic growth has entered a shift period. Under the pressure of "growth", the GDP is close to 100 trillion yuan, which shows that the quality of China's economic growth has improved. Compared with other countries, China's economic stability is the key to GDP breakthrough Li Xunlei, chief economist of China Thailand securities, said that under the premise of economic stability, China's economic transformation and upgrading process was accelerated, the growth of strategic emerging industries was obvious, and the investment in short board and high-tech fields maintained rapid growth. The proportion of service industry has increased significantly, and the attraction of foreign investment, especially in high-end fields, has increased.

China's economic aggregate has reached a new level, indicating that China's economy is resilient and full of momentum. Since 2019, service consumption has maintained rapid growth, and the ability of service industry to support economic development has been continuously enhanced. The contribution rate of consumption is high, and the potential is constantly released. The contribution rate of consumption to economic growth has always been maintained at more than 60%, and the basic role has been continuously strengthened. Since 2019, the policy effect has been increasing, said Yang. The fiscal policy continued to increase strength and improve efficiency. The state issued a series of tax reduction and fee reduction policies, increased the scale of local special bonds and accelerated the issuance progress, and the policy effect continued to show. The financial sector continues to increase support for the real economy and promote the downward real interest rate. How will China's economy operate in the next stage to release its economic development potential? Color said that in the short term, China's economy is greatly affected by external uncertainties, and the economic growth in 2020 may continue to slow down. In the long run, under the two core driving forces of technological progress and production efficiency improvement, China's economic development momentum is good and its long-term development potential is huge. China's economic reform is becoming more and more difficult.

How to further deepen the reform, release the potential of economic development, and extend the period of strategic opportunities is an important issue facing China. Li Xunlei said that China's economy will continue to maintain growth momentum, but the growth rate will shift from medium high speed to medium speed. It is expected that the economic growth rate will be between 5.5% and 6% in 2020. Yang Zhiyong believes that economic growth in the next stage is still optimistic, although growth may continue to slow down. In the long run, economic fundamentals are still improving and conditions for high-quality development are improving. On the one hand, the state has strengthened its support for technological innovation, and more and more innovative technologies will drive the rise of emerging industries and release innovation dividends; on the other hand, the state has continued to strengthen its support for private enterprises to further stimulate the vitality of micro subjects and release market dividends.