Economic growth is driven by domestic demand and outside demand. How will China's economy go in the next 10 years? Will China's economy continue to grow at a high rate after the financial crisis? After the crisis, how should China prevent the economy from bottoming out two times? Many big-shot economists gathered at the Chinese Academy of Social Sciences yesterday to discuss China's economic development in the post-crisis era. By the Guangdong Provincial Publishing group, "China's economic trend in the next 10 years", sponsored by the Scientific Research Bureau of the Chinese Academy of Social Sciences and the Guangdong Economic Publishing house, held yesterday in Beijing, Professor Li Xiaosi of Beijing Normal University put it on the forum, and in the next 10 years, China's economic growth was driven by domestic demand and external demand, and Growth will continue at more than 7% per cent. Yiming, deputy dean of the National Development and Reform Commission's Macroeconomic Research Institute, said globalisation would move from a climax to a relatively low ebb, and that trade protectionism might rise and the pace of financial globalisation might slow. In this context, China's growth model also needs a round of strategic adjustment to increase domestic demand, especially the contribution of consumption to growth, improve scientific and technological innovation and human capital contribution to economic growth.
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