Economic Cycle Overlay,US Monetary Policy and China's Strategic Response
Since 2008,countries around the world have been deeply affected by the global financial crisis,the game of great powers,the COVID-19 epidemic and geopolitical conflicts,and the international environment is very complex.However,even so,China still maintains a relatively rapid growth momentum.According to a research report by the World Bank,China contributed 38.6％to global economic growth from 2013 to 2021,with an average annual growth rate of 6.6％,which is much higher than the world average growth rate of 2.6％during the same period and also higher than the average growth rate of developing economies of 3.7％.However,at the same time,there are still many comments that believe that the prospects for China's economic develop-ment are worrying,the risk of global supply chain disruptions is increasing,and it is difficult to build a new development pattern of dual circulation.Especially since the United States launched a strong interest rate hike and balance sheet reduction policy in 2022,which has shifted risks to various countries through multiple channels,the pressure on China's economic recovery has increased,facing challenges such as insufficient effective demand,multiple risk hazards,and rising external environmental uncertainty.Based on this,this article attempts to find development patterns from the changes in the global economic cycle,ana-lyze the impact of the US monetary policy adjustment on the world economy,identify the opportunities and challenges that China will face in the next round of development,and then propose corresponding suggestions,in order to provide ideas and reference for China to achieve its preliminary goal of becoming a modernized strong country by 2035.
NETL
NSTL
万方数据
