Experts argue that China should speed up reform and production efficiency

Xinhua Frankfurt July 18 (xinhua RaoBo philosophy) in view of the situation in the first half of this year China's Carbon steel elbow 180 Degree a234 wpb economic growth is slowing, two German economists told xinhua in an interview that China's economy or high-growth era has been in the past, but the following is an important window of adjustment of economic structure and industrial pattern. China should accelerate financial reforms in areas such as science and technology innovation, to ensure continuous improve labor productivity, and to support further development.

German think-tank, the European center for economic research (ZEW) of the international financial market and financial management, deputy director of research department, Gunnar, lang said, from the center for economic research for the development of global economic sentiment index several investigations business executives and economists see, "we found no 1.5D carbon steel pipe fitting elbows signs of China's economic growth will appear fracture".

He said that most of the respondents believe that the future for a period, China's financial market reforms will have positive progress, the public wealth will also increase, which will promote the Chinese domestic consumption, support economic growth. And, of course, some adverse factors exist, such as steel, metallurgy and machinery manufacturing industries such as excess capacity. The current world economy with weak demand for these industries, may put downward pressure on the Chinese economy.
Earlier this month, ZEW released for the first time cooperation with fudan university to develop "China monthly economic sentiment index", investigated 63 economic experts around the world. 42% of the respondents said China's economy to the middle of next year will be improved, 33.8% think there might be slight slowdown. The vast majority of respondents thought the coming year will also increase China's overseas direct investment.

Frankfurt management university of finance and economics economist Philip told reporters that Boeing has recently implemented a more prudent monetary policy in China, and the false foreign trade increased the crackdown, which lead to liquidity support from Banks and the real economy declined, partly due to the short term decline in economic growth.
Boeing argues that China maintains 8% of high growth rate as previously may have been impossible, but even if growth is around 7.5%, compared with the rest of the world, especially the developed economies, speed is still amazing. Growth decline, meanwhile, also suggests that the Chinese used to depend on the economic growth mode cannot adapt to the new situation, and make a major adjustment of the time has come.

He believes that China's economic development changes in the environment including the appreciation of the renminbi in export industries declining competitiveness, labor cost advantage weaken and even disappear. If want to continue to grow in China, is the key to improve labor productivity, to high value-added labor-intensive production from the previous production mode change, scientific and technological innovation driver. "We have noticed that the Chinese government is taking all necessary measures to increase investment in research and development and the protection of intellectual property rights, promote enterprise's innovation."