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Economists: Chinese economy will encounter several obstacles in 2017

Reporter: Zhang Mengyuan 丨 CCTV.com

12-13-2016 01:07 BJT

The Chinese economy is also facing obstacles in 2017 as the global economic situation becomes more complicated. Experts expect the global economy will improve during the coming year.

Economists say China will encounter several obstacles in 2017. The government will have to issue some measures in the first half of the year to curb possible blind capital outflow.

“We should issue some measures and reforms to make Chinese entrepreneurs feel it’s better to invest in China than overseas, so that we can solve the huge stress of capital outflow,” said Li Daokui, Director of in The World Economy, Tsinghua University.

The supply-side reforms will be another focus for China as it looks to boost its domestic economy.

“We are expanding consumption. And the supply-side reform in this area is, in fact, increasing domestic high quality consuming goods supply, to meet people’s rising consumption demand,” said Cong Liang, deputy head of Dept. of National Economy,NDRC.

Experts say financial risks will be a problem in future reforms and China should accelerate supply-side reforms while properly expanding demand.

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