What challenges will China face if it continues to improve its economic prospects?

I think China's sustained good economic prospects will face the following three challenges: insufficient domestic consumption, the impact of the epidemic and the risk of a continuous decline in the fertility rate.

Over the past 40 years of reform and opening up, China's economy has indeed achieved very good development, but China's economy is also facing many challenges. Only by solving the pressure faced by ordinary people can more ordinary people increase their consumption and China's economy get another chance to develop.

Insufficient consumption power of domestic demand Although our country has achieved very good development in the past 40 years, the people in our country have invested a lot of money in the real estate market, and the consumption power of the real economy is actually insufficient. In this case, the real industry will not develop very well, which will make our country's economic development encounter difficulties.

The repeated impact of the epidemic has the greatest impact on China's economy. Our country has been affected by the epidemic for some time, and Shanghai's economy has not developed during this period. Without the impact of the epidemic, our country would maintain a growth rate of more than 6% every year, but the emergence of the epidemic will make our country's economic development encounter greater difficulties.

Low fertility rate will affect the long-term development of domestic economy. I think this will be the grey rhinoceros of China's economic development. If our country wants to achieve better development, it must let more young people create value. The number of elderly people is increasing, while the number of newborns is decreasing. In order to improve the gift of low fertility rate, we must give more family subsidies, optimize China's population structure, and ultimately affect China's economic development.

If our country's economy wants to achieve better development in the future, we must solve these problems and let the people get more wages, so that the economy of the whole society can run healthier.