The “2025 Sanya Finance International Forum and the 5th Sanya Wealth Management Conference” was held on December 27. Well-known economist Yu Yongding said in his speech that the key to whether China's economic growth rate can be maintained at 5% next year is the strength of fiscal policy expansion. Historical experience tells us that increasing the growth rate of infrastructure investment is an effective policy tool to address the lack of effective demand, promote stable economic growth in the long term, and make up for the lack of effective demand in the short term. Yu Yongding mentioned that in recent times, Western scholars have repeatedly emphasized that investment drives the Chinese economy to the brink of collapse; he does not agree with this. He pointed out that the statement about the inefficiency of Chinese investment is one-sided. The indicators for measuring production efficiency include labor productivity, capital productivity, or capital output rate, or total factor productivity. China's labor productivity is in the process of continuous improvement; otherwise, China's per capita income is unlikely to increase.

The “2025 Sanya Finance International Forum and the 5th Sanya Wealth Management Conference” was held on December 27. Well-known economist Yu Yongding said in his speech that the key to whether China's economic growth rate can be maintained at 5% next year is the strength of fiscal policy expansion. Historical experience tells us that increasing the growth rate of infrastructure investment is an effective policy tool to address the lack of effective demand, promote stable economic growth in the long term, and make up for the lack of effective demand in the short term. Yu Yongding mentioned that in recent times, Western scholars have repeatedly emphasized that investment drives the Chinese economy to the brink of collapse; he does not agree with this. He pointed out that the statement about the inefficiency of Chinese investment is one-sided. The indicators for measuring production efficiency include labor productivity, capital productivity, or capital output rate, or total factor productivity. China's labor productivity is in the process of continuous improvement; otherwise, China's per capita income is unlikely to increase.