December 28, "2007 report on the world economy and international situation," the Chinese Academy of Social Sciences, held the first academic fielded. Deputy director of the Chinese Academy of Social Sciences Institute of World Politics and Economics. Li Xiangyang chief editor of the "World Economic yellow paper," the report said. Global economic growth in 2006 could reach a very high level, estimated at 5.1%.

　　Li Xiangyang, in 2006 the world economy has seen three characteristics : first, physical risks to the global economy began to threaten economic performance. Global economic trends from the past year, oil prices have been rising continuously, causing a great deal of pressure. And the increasing inflationary pressures led to the raising of global, especially in the end of the year, when some developed countries, developing countries, the central bank raising triggered a burst of financial volatility. Another risk is that global economic imbalances, the impact of this year, it revealed. From entering November, the United States dollar against major world currencies fluctuated wildly. A fundamental reason is that people have become increasingly worried about global economic imbalances increasing the risk to the dollar exchange rate. In addition, the real estate market, led by the United States there is a significant turning point. Secondly, as the turning point in America's real estate, resulting from the second quarter of the year, the U.S. economy has clearly begun to slow down. from 5.6% in the first quarter, down only 2% of the third quarter, the fourth quarter is expected to remain low. Third, the recovery in the euro area in 2006. The strong recovery in the euro area and some large developing countries, such as China, India and Russia's rapid economic growth. up to a certain extent due to the economic slowdown in the United States the impact on the global economy. This year's statistics show that the euro zone has been a noticeable improvement in the labor market, it can be concluded that This recovery in the euro area might have some sustainability. Li Xiangyang, said that in 2007 the global economy, The vast majority of international agencies in 2007 that the global economy would slow down. depend on the trend in oil prices and the slowdown in the first degree. Li Xiangyang said that the continuous rise in oil prices in the past few years, in 2006 set the highest in its history. Although the highest point has now been reduced by 20%, but the outlook is not optimistic. He explained that the oil prices in the market over the past few years, several factors are pushing the price rise.

　　One is the oil-producing countries, which is an oil exporter. Secondly, the oil companies. The third is the developed countries. In the past few years, the main economic activities of these three categories of oil, with the interests of consistency, They are eager to profit from rising oil prices. However, a change began in 2006, is the developed countries, especially the United States government. High oil prices have obviously taken for or against the boycott, including the Organization of Petroleum Exporting Countries to resist some measures, restrictive in the United States, including oil companies, and even some aspects of the judicial investigation, trying to contain the oil price continues to rise. But on the other two, particularly the oil-producing and exporting countries, in the face of oil price adjustments. still have to make a similar decision in a row, is to reduce production. In early 2007, OPEC considering output, in an attempt to set the price at 60 U.S. dollars per barrel a year ago. In addition to oil prices, Li Xiangyang extent that the 2007 slowdown in the world economy also depends on the direction of global economic imbalances. In 2006, the adjustment of global economic imbalances. more and more from a bilateral to a multilateral mechanism for adjusting the adjustment mechanism Moreover, the IMF has begun to intervene in the structure of the global economy, Six economies in the world, the future direction of the world economy to adjust. More and more countries taking into account the adjustment to global economic imbalances, simply relying on bilateral pressure. depend on individual countries or economic pressure will be of no avail, only through international co-ordination will produce the desired effect