April 26th, a press release of Unirule Macroeconomic Quarterly Report 2017 Q1 was held at Unirule Beijing Office. Professor ZHANG Shuguang and Ms. ZHANG Chi authored the report entitled “Basis of Economic Recovered on Shaky Ground with Sharing Economy Prospering”.
In the first quarter of 2017, China’s GDP growth rate was 6.9%, the industrial added value grew by 6.8%, investment grew by 9.2%, and the import and export grew by 21.8%, indicating a trend of recovery. With downward pressure remaining and new development stagnating, it is early to say whether China’s economy is stepping into a new cycle of upward channel. The economic performance for 2017 may still heads for a slower mode later this year. The Chinese government is promoting the public-private partnership on all front regardless of the risks. Even though the sharing economy shows promising prospect as a new driving force for growth, reforms and risks should be watched closely.
Unirule Macroeconomic Quarterly Report is authored by Professor ZHANG Shuguang from Chinese Academy of Social Sciences.