In The "Prophet", China'S Gold Market Will Rise Again, Or China'S Stock Market Will Rise By 30%.

CICC expects to be reduced by Chinese policymakers.

And China's stock market will rise by 30% this year.

Last year, CICC successfully predicted.

Bull market.

Huang Haizhou, managing director of CICC, said that although the Shanghai Composite Index surged to 5 and a half high on Wednesday, it was still 45% lower than its record high in 2007, and valuations remain low.

"This is a bull market for many years," Huang Haizhou said at the annual meeting of China economic outlook, sponsored by the National Committee of the US China relations in New York.

There is still time to buy stocks. "

Last year, the optimism of the stock market increased, and the slowdown in the real estate market also shifted capital to the stock market.

The opening of Hongkong allowed investors to buy Shanghai stocks.

Huang Haizhou said,

The stock market is likely to go up further.

Because the government is taking measures to resolve the risks of the financial sector.

China has increased its restrictions on local financing and its impact on shadow banking.

Huang Hai Zhou expects policy makers to further reduce interest rates.

The sharp drop in oil prices since June has contributed to economic growth and further improved the market.

Other supporting factors include the reform of state-owned enterprises promoted by Vice Chairman Xi Jinping.

The market has not yet reflected the bonus of reform.

At the meeting, Chinese economists refuted the anticipation of the sudden fall of China's economic growth in the next ten years by Lawrence Summers, the former US Treasury secretary.

Summers and Harvard University professor Lant Pritchett published a paper in October that China's economic growth will no longer deviate from the global average and eventually slow down to an annual rate of 5%.

Lu Feng, an economics professor at Peking University, said Summers Ki had shortcomings in the conclusion of historical evidence.

Because it ignores the characteristics of China, such as China's high savings rate, investment returns and dynamic entrepreneurship.

Lu Feng said that Summers's method is problematic because he assumes that statistical laws apply to any country.

We need to look at the specific factors in China.

Lu Feng said that China's economic growth rate was about 7%, and entered the final stage of adjustment.

Economists surveyed by Bloomberg predicted that China's economy could grow by 7.4% in 2014, the slowest since 1990.

Yifu Lin, the former world bank chief economist, said optimistically that China could still maintain its economic growth rate between 7% and 8% in the next 20 years as long as economic reform is carried out.