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我
对
未
来
五
十
年
经
济
发
展
观
点
英
语
作
文
Document serial number
【
UU89WT- UU98YT-UU8CB-UUUT-UUT108
】
Predictions of
China's economy in five years
China's
economy has entered a critical stage where further
reform will be the core drive and
deciding factor for future
economic
development. How will China's economy develop in
the
next five years Let's take a look
at the predictions.
China
to achieve high-quality economic
development
Green and safety
investment is projected to exceed percent of
GDP, up from percent in 2016, which
make it consequent that
the cost of
mining, manufacturing and even catering and
services industry increases in a
row.
Scientific and
technological progress, management
optimization and scale
expansion are
expected to counterbalance the loss caused by the
boost. If not, the enterprises will be
eliminated from the
market.
China's economy has turned to a period
of high quality
development , instead
of high growth.
Free trade
to expand
China announced to
impose new tariffs on 128 imports from the
United States in response to the new US
tariffs on steel and
aluminum that took
effect three weeks ago. A war between China
and the United States has broken out.
If China is not expected
to be affected by the trade war, the
key is to maintain trade
balance which
promoting trades with other countries is
essential for. The One Belt And One
Road initiative will be
further
implemented, providing new opportunities to
higher-
quality, more convenient , more
comprehensive bilateral or
multilateral
trade cooperation.
Real
estate remains the main challenge
Real estate has a strong financial
property, and too much
credit placement
in real estate is bound to shrink the
investment in substantial economy, such
as advanced
manufacturing industry.
There has been a special outpouring of
concern for Chinese household whose 60
per cent of assets are
real estate.
Once the real estate bubbles burst, mortgage loan
would collapse, even triggering an
economic crisis like Japan's
in the
1990s. It is an inevitable challenge for
China’s
economy that the
real estate bubbles can not be
punctured.