Director of Economic Research Institute of Cass: China's economy recovers fully next year

China News agency, Beijing, June 20 (reporter Liu Yuying) in early June, China's statistics department released the May economic data, the topic of when China's economic recovery is still a matter of opinion, the Academy of Social Sciences Scholars said the Chinese economy will fully recover next year, and enter a new round of economic cycle. Shucheng, director of the Institute of Economic Research at the Chinese Academy of Social Sciences, said at the China economic growth and cycle forum that from the perspective of coping with the financial crisis, from July 2008 to the first quarter of this year, it was a period of rapid decline. The second phase, the stage of stabilisation and recovery, began in the two quarter of this year and continues until the end of this year, when China is at this stage.　　Next year the economy will rebound fully and enter a new cycle. Shucheng explained that the so-called overall rebound, that is, most of the industry, or most of the economic indicators are starting to rebound.　　In the recovery phase, only some of the leading industries and some of the leading indicators rebounded. Another scholar said that China's economic recovery will go through three stages and three turning points.　　Huneuu, Professor of Renmin University of China, said the first phase of economic growth from decline to rebound, the second phase of economic growth to return to normal levels, the output gap is no longer expanding, the third stage is the output level back to normal levels, the output gap is completely eliminated. Huneuu said the two-quarter economy was better than the first quarter, and that a turning point had arrived.　　As to when the second and third turning points can be successfully passed, Huneuu refers to the fundamental improvement of the global economy and the real realization of China's policy of expanding domestic demand.　　There are also more pessimistic scholars that the Chinese economy is now the unspeakable recovery, only some positive signals, the May economic data exports and other indicators are still not optimistic, to determine the bottom still need time. But academics agree that the current economic recovery is still weak, exports face a major test of shrinking global demand, consumption is still the GDP "troika" in the short plate, only investment has maintained high growth.