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Supported by a grant from the Innovation Project of the Chinese Academy of Social Sciences, the research whose results are reported in this volume is led by some of China’s most prominent experts and scholars in economics and related fields. The book articulates new ideas for addressing a number of emerging problems, especially the downward economic pressure the country now faces. In 2016, while CPI hovered at a relatively low level, persistent decline in PPI intensified deflation; the trend of moderate growth of the global economy continues, and much more must be done before a full recovery.