Seven opportunities of China's economy under the 'new normal'

新常态下中国经济发展的七大机遇

Seven opportunities of China's economy under the 'new normal'

China's economy steps into the "new normal" phase, as it is growing in a manageable and relatively balanced manner. Confronted by a weakening overseas market, sliding domestic demand, adjustments in real estate sector and a deeper-level structural shift, the country faces mounting pressure of economic slowdown.

当前的中国经济步入"新常态",经济增长进入了可控、相对平衡的运行区间.在外需疲软、内需回落、房地产调整及深层次结构变动的力量综合作用下,经济下行压力有所加剧.

However, the "new normal" does not only mean difficulties, challenges and risks. We still have the assertion that China's economy still has great strategic opportunities and can make great achievements. What has changed is the connotation and condition of this great opportunity.

然而,"新常态"并不是只有困难、挑战和风险,新常态没有改变我国发展仍处于可以大有作为的重要战略机遇期的判断,改变的是重要战略机遇期的内涵和条件.

China's economy is still featured with the fundamentals that it is growing in a healthy manner, with its development mode and economic structure changed. So the "new normal" of China's economy is breeding a great development opportunity with which the country, as a rising power, embraces the new economic system.

没有改变我国经济发展总体向好的基本面,改变的是经济发展方式和经济结构.因此,中国经济"新常态"孕育着一个正在崛起的国家拥抱新经济体系的宏大发展机遇.

First, the opportunity of major reforms and adjustments. The financial crisis in 2008 exposed the serious structural problem in the world's economy, and pronounced the end of China's traditional growth approach. Problems such as great energy consuming and severe pollution along with the high investment, social economic conflict along with the gap in income distribution, and the insufficiency of innovation plagued by excessive control have become hurdles for China to realize a prosperous country, affluent livelihood and the national rejuvenation.

第一,大改革与大调整的机遇.2008年国际金融危机不仅暴露了世界经济面临巨大的结构性问题,同时也宣告了镶嵌在世界经济格局中的中国传统增长模式走到了尽头.高投资带来的高能耗与高污染、收入分配差距带来的社会经济冲突以及过度管制带来的创新不足已经成为中国实现国家富强、人民富足和民族复兴的绊脚石.

Chinese people have realized that the major reforms and adjustments are the only choice to restructure the fundamentals of China's social and economic developments. The consensus reached in the "major reforms" and "major adjustments" is the best gift that the "new normal" brings to the next round of China's economic development. It gives China a great opportunity amid the worldwide structural reforms.