Near the end of the year, the whole country and all parts of China will begin to plan for next year's GDP growth plan. In 2014, China formulated about 7.5% GDP growth plan, and the GDP growth rate was 7.4% in the first three quarters of this year. It is expected to remain in the target area of about 7.5% in the whole year, which may be slightly below 7.5%, which is in the second half of the year. Therefore, next year's GDP target should be set at "7%" or "no less than 6.5%".

China's reduction of GDP growth is the inevitable result of the internal and external environment. Because of the rapid growth of China's GDP in the past, it is in the process of catching up. Therefore, paying attention to quantitative indicators, relying on investment and exports, is not enough for the fundamental purpose of improving economic development and improving consumption. Therefore, GDP index is often very high, but the quality of growth is not high, and people's income level can not keep up with the growth rate of GDP. At the same time, in the past 30 years, there has not been a systematic, serious and global crisis. Therefore, hedonism prevails in the developed economies, and the world is in the trend of over consumption and over production, thus making China's economic development a lucky high-speed train.

However, the internal and external environment of China's economic development has undergone subversive changes. First of all, the pressure of China's economic structural adjustment is very large, and the debts of the general population in terms of income and consumption need to be compensated. Secondly, the environmental pressure brought by China's ultra high speed growth in the past has been unsustainable. Lowering the GDP growth rate is in line with China's demand.

From the perspective of international common practice, China has lowered Gross domestic product Growth is also in line with the law of economic development. At present, the major economies in the world, as well as the "four dragons" in Asia, have gone through the development from ultra high speed to medium and high speed development, and then to various stages of development at medium and low speed. Therefore, China's economy has basically completed the task of catching up, and the economic growth is close to the average value of the economic growth of the mainstream economies in the world, which is in line with the economic laws.

On the other hand, Economic growth The adjustment is creating favorable conditions for China to speed up structural reform. First is the adjustment of the economic structure. In the past, the growth of fiscal revenue exceeded GDP growth, and the growth rate of GDP exceeded that of the general population. The order of income growth should be reversed completely, so that the income growth of the general public would exceed GDP growth and exceed the growth of fiscal revenue. Over the past 2 years, China has launched Action against corruption So that the efficiency and spanparency of the use of financial funds will be improved. If the future anti-corruption can be sustained, then the use of financial funds and the cleanliness of investment will increase significantly. This shows that China's fiscal revenue accounts for GDP and the scale of the financial sector can be reduced correspondingly. Tax cuts are the "nose" of China's economic structural reform and improvement.

Second, China's industrial structure reform can proceed smoothly. To reduce the GDP target, the pressure of GDP face engineering and performance projects will be reduced, and the high energy consumption, high polluting industries and excess capacity can be reduced more smoothly. At present, the decline in global crude oil prices and the drop in iron ore prices provide a favorable environment for China to readjust its industrial structure.

Therefore, lowering China's GDP growth rate is the inherent requirement of economic laws, and also provides an opportunity for China to accelerate its reform.