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Jan 02, 2021 11:03 AM (GMT+8) · EqualOcean
Kang Yong, chief economist of KPMG China, said: there will be two major opportunities and challenges for the economy next year. The first opportunity is the recovery of consumption and service industry. The second opportunity is the continuous growth of science and technology industry. The challenges also come from two aspects. The epidemic situation is still the main challenge facing China's economy and the global economy. The second is the normalization process of monetary policy and fiscal policy. Unconventional monetary policy and fiscal policy should not be withdrawn too early. The whole policy should be flexible and moderate.

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