In the total economy, Chinese economy is likely to a new level, crossed the 70 trillion yuan mark. Xu Shaoshi expects the total economy in 2016 will exceed 70 trillion yuan, the increment is about 5 trillion yuan, and five years ago the incremental growth of 10% increment quite basic, equivalent to the total economic output in 1994 Chinese, in the world’s major economies are prominent.

At present, part of the year 2016 data has been disclosed. Data show that urban employment has more than 13 million; the annual consumer price index (CPI) rose 2%, completed about 3% of the annual price control targets. The import and export of the fourth quarter by quarter stabilized, imports and exports have achieved positive growth.

Peking University School of economics professor Cao Heping Beijing (WeChat public number: cns2012) reporter said, in 2016 the “black swan” incidents continue to occur, but since the four quarter Chinese economic indicators rebound is expected in the four quarter economic growth rate of not less than 6.7%, the annual economic goals can be completed, which means “13th Five-Year” will usher in a a good start.

In 2017 China economy is expected to continue steady operation