World Economic Situation in 2017 and Its Impact on Shanghai’s Economy

[Abstract]

The world’s economic growth slows down and the labor market improves at a slower pace; Bulk commodity prices rebound and commodity prices have somewhat picked up; International trade remains sluggish, and international direct investment activities are less active; The debt level goes up, and the financial market continues to be volatile. The world economy faces many long-term challenges, including the decline in the potential economic growth rate, the US becoming a source of economic instability, and the increasingly obvious trend of anti-globalization. Affected by the world economic situation, Shanghai is expected to see a severe situation in foreign trade, difficulty in attracting FDI, potential volatility in the financial market, and bigger increases in commodity prices in 2017.