CIC Chairman: China's economic growth is gradually entering a new cycle

Sanya, March 27 (Xinhua) China Investment Co., Ltd., chairman Lou Jiwei, said 27th, China's economic growth has gradually entered a new cycle, as long as the policy is properly grasped and advanced measures are strong, the Chinese economy still has a lot of room for growth. In 2009, Mr Lou said, CIC held a good opportunity to stabilize the economy and rebound from the bottom of the capital market, and to gain better investment income.　　In the face of the complex economic and financial situation in the 2010, CIC will pay more attention to risk management and improve its investment management ability. In a keynote speech titled "The Future Impetus and direction of China's sustained economic growth", Lou said that the investment and consumption pull effect is more obvious in the current economic recovery.　　The target of China's 8% growth rate in 2010 is expected to be achieved smoothly. In reality, he said, the Chinese government's stimulus measures to counter the international financial crisis are right. The Chinese government has resolved to resolve some of the original structural contradictions, using the timing of the international economic restructuring to accelerate the formation of economic growth patterns that depend mainly on domestic demand.　　In addition to the continuation of some short-term policies, the focus is on the introduction and strengthening of long-term structural adjustment policies. "China is an emerging market economy country, and is establishing and perfecting the market economic system, one of the characteristics is that through continuous reform to adjust the structure of the economy, so there is a lot of room to start social demand." The Chinese government has adopted a series of policy measures that are consistent with China's actual situation and can bring long-term growth, in order to achieve sustainable economic development.　　"said Lou. Mr Lou believes that the future development of China's economy should pay equal attention to investment and consumption. Constrained by the structure of resources and population, China cannot copy the consumption-driven model of developed countries in Europe and America. In the next decade, China's demographic structure will begin to age. While increasing the share of consumption, China still needs to rely on investment to accumulate wealth to support an aging social structure.　　The most important way is to promote urbanization, improve social security, education, medical and health services and improve human capital. The theme of this forum is "to grasp the opportunities and challenges in globalization and change". This is the first time since the founding of the CIC International Investment Seminar. The meeting invited senior executives and experts from more than 30 international financial and investment management institutions around the world to discuss the current global economic and financial market trends, challenges posed by globalization changes in post-crisis times and investment opportunities.