Siwei: 8% No problem

Everyone is saying that when the economy can recover, the definition of recovery is more complicated. "June 27, in Ningbo, Zhejiang Province, held in the Beijing International Financial Forum 2009 Summer Report, the former NPC Standing committee vice chairman Siwei said, the traditional definition is 3 consecutive negative growth is the economic recession, continuous growth is a recovery."　　But China cannot define that, because China's economy is growing. "I think that China's recovery to 9% growth in 2008 should be said to be out of a Chinese-style recovery, I believe that by 2010 can do that." "But China's real economy, like all countries in the world, has been greatly affected." He said that China began to enter the two-digit rapid growth stage in 2003, the peak in 2007, even if there is no financial crisis can not have such a high rate of growth, coupled with the impact of the financial crisis, so 2008 economic growth fell to 9%. From 13% to 9% is a pretty big drop. The problem is even worse in the quarter. 2007 years of the Four Seasons is 11%, 2008 years of Four Seasons 6.8%. The economy began to accelerate in the three quarter of 2008, so the country started a 4 trillion-dollar stimulus package.　　Now, while the slowdown has slowed, the challenges facing China's economic growth are grim if analyzed carefully. "For now, the situation in the two quarter of this year is better, it is likely to reach 8%, I think it depends on the gradual appearance of investment benefits, but also to see the July released the last two quarters of the data." But in the long run, we should not look at the data for one quarter or even one year, but on how sustainable the Chinese economy is.　　"Siwei said. Now foreign to China's economy has various forecasts, some say is 7.5%, the World Bank is 7.2%, some forecast is 6.87% and so on.　　Siwei not agree. He said that the Chinese government proposed 8%, can reach 8%. Increase the service, should say always do. 4 trillion yuan is not enough to add 2 trillion yuan, or even 4 trillion yuan. But the problem is that we have to consider using a real approach to growth in a sustainable way. This is what we want to do, not just to protect the number 8%.