The central bank papers: 2015 GDP growth slowed to 7.1% in real estate under pressure

Recently, the "People's Bank Working Paper," China's macroeconomic forecast report released in 2015, China's economic growth for 2015, prices, balance of payments and other major economic indicators were predicted.

     The report predicts that in 2015 China's actual GDP growth will slow down slightly to 7.1%, mainly downward pressure from the slowdown in real estate development investment; in 2015 the CPI rose 2.2 percent, export growth accelerated to 6.9%, the current account surplus to GDP ratio was 2.4%. While the 2015 economic growth may continue to slow, but urban employment situation is expected to remain stable.

The basic report is to determine, under the "three superimposed" in the context of China's economy next year will reflect more of the "new normal" feature, the growth rate slowed slightly, but employment and price trends remain stable, the economy structure continued to improve, the sustainability of economic growth has been enhanced. Risk Report trendline faced uncertainties include international geopolitics, commodity prices, US interest rates and the strength of the real estate trends and so on.

The authors of the report, chief economist Ma Jun Research Council Human and People's Bank of the People's Bank Research Bureau macro forecast team members, although the report stressed that the prediction does not mean that the People's Bank of view, but the industry believes that the central bank's chief economist Rehabilitation Research Council established , Ma also played for the interpretation of central bank policy and the role of external communication, and the first release of macroeconomic data for the annual forecast, the report can be viewed as a means of People's Bank of expectant management.