Li Ningzhe, vice director at China’s National Development and Reform Commission (NDRC), has stated that, due to the international economic changes and cyclical factors, it is thought that China’s economic structural problems will be quite serious and that the country’s economic growth will likely slow down in 2016.
The NDRC official stated that the task of stabilizing domestic economic growth, boosting demand and adjusting the country’s economic structure has become much difficult as support from exports and investments have been weakening, and so the difficulties confronting China’s economy in 2016 should not be underestimated.