Next Year Will Become A Turning Point In The World Economy. The Depreciation Of RMB Will Not Exceed 5%.

Next year will become a turning point in the world economy, that is, from the past four consecutive years of overall decline in growth rate, basically stable and slightly picked up growth.

In the developed countries, anti elite and anti globalization tides have emerged. This is also an important factor for Trump's election.

Many voted.

Voters in the US are unwilling to admit it afterwards. "Trump's impact on American politics and even western politics is to tell the truth, which is different from Hilary's."

Its profile is Trump's election as a "stinky tofu" phenomenon - many of Trump's remarks sound bad, but many voters are supportive.

"Trump firmly grasped the inner thoughts of the people, and openly stated that many people were unwilling to agree, but they agreed with him.

How can China cope with the changes in the global pattern?

I think, first, do not worry. "I don't think Trump really dares to really launch a trade war. He may engage in some very striking and eye catching trade protection measures on some of the most noticeable products that we are concerned about, but the whole trade war will not be able to fight because he knows the stakes in this, and he knows that a series of bad results that the United States launched in the history of trade war is also against him."

Second, two preparations should be made: first, the adjustment of domestic economy must be accelerated.

We must speed up the reform of state-owned enterprises and speed up bankruptcy procedures.

The two is when the western countries are gradually withdrawing from the globalization.

We should do our best to raise the banner of globalization and prevent the spread of Western anti globalization in relevant precise areas, and play a mainstay in maintaining globalization.

Li Daokui predicted that the RMB exchange rate against the US dollar will not depreciate by 5% or 3% or less next year.

"This policy must be maintained. Our policymakers will not be so naive as to think that under the background of 21 trillion dollars in liquidity, it is entirely possible to manage your exchange rate in a market way, which is probably suicide."