Yiwu Market The ability to achieve economic transformation

Li Chang-yong said in the article that day, despite China's manufacturing and construction industries activity slowed, but infrastructure investment and consumption, especially in the service sector, growth momentum remains steady, Yiwu Futian Market indicating that the Chinese economy can reduce its dependence on exports and investment to achieve the to consumption and service-driven growth model transformation.

Li Chang Yong believes that China has sufficient policy space to respond to the rapid economic slowdown. China should take measures to address demand and rebalancing, such as to encourage consumption, Yiwu market especially consumption provided support to socially vulnerable groups.Li Chang Yong said that China should avoid re-take the old credit to stimulate investment, to prevent the company leverage rose sharply again. Since the financial crisis, the state-owned enterprises, real estate and construction companies as well as some other small companies increased leverage. He said that although the risk of these areas are still in a controllable range, but should no longer continue to increase leverage, stock market volatility this summer, China is a reflection of the risk posed by excessive leverage.

The impact on the global economy, the Chinese economy, Li Chang Yong said, IMF had estimated before, China's economic growth by 1 percentage point in economic growth in other Asian countries will fall 0.3 percentage points.He said that as China's steady economic growth, continued integration into the global economy, yiwu city China spillovers neighboring economies has become increasingly evident. Not only through trade channels, but also have an impact on neighboring economies through the financial markets.