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In 2016, China’s economic growth slowed further, and the growth of its labor market slowed markedly. Commodity prices bottomed out, but still operating in the low price, the global price level has rebounded, while the deflation pressure dropped. International trade has become more sluggish; international direct investment activity has slowed; global debt levels continue to rise, and international financial markets continue to be turbulent.  

Global economy encounters much more challenges: the downward global potential growth rate, the fragile financial market, the instability of global economy caused by the U.S position, the weakness of the trade and investment, the inequality of income and wealth distribution, the growing trend toward anti-globalization. Those factors are going to curb the strong, sustainable, balanced and inclusive growth of the world economy. And geopolitical risks, Refugee crisis, the rise and fall of the great powers, terrorism and other emerging issues are continually impact the stability and the development of global economy. The world GDP is expected to be growth at 3% in 2017.