China's Economic Development in 2008

According to the statistics of the Ministry of Finance, in the first half of this year, the national budget revenue was 34,8081900 million yuan, up by 33.27% year-on-year, the national budget expenditure was 22,820.2 billion yuan, up by 27.69% year-on-year, and the balance of payments was11921700 million yuan. The fiscal revenue in the first half of this year is equivalent to 59.52% of the annual budget revenue of 5,848.6 billion yuan, and the fiscal expenditure is equivalent to 37.64% of the annual budget expenditure of 6,078.6 billion yuan.

Olympic economy First of all, the Olympic economy is directly reflected in stimulating GDP and providing jobs. After the Olympic Games, it will still play a greater role in promoting tourism, logistics and other industries. Secondly, the Olympic economy can promote the improvement of economic structure. To improve the level and scale of modern service industry in Beijing and even the whole country will promote the improvement of China's economic structure to some extent. Third, the Olympic Games is conducive to the construction of material and spiritual civilization.

The Olympic Games will have a long-term impact on China's economy, which will add impetus to the development of China. The promotion of the Olympic Games to China's national economic development should not be overestimated.

However, behind the brilliant economic achievements, China is also facing severe challenges. Li Junru, a famous theorist in China, pointed out that there are three main challenges: one is the shortage of resources, especially energy, the other is the deterioration of the ecological environment, and the third is the challenge of achieving coordinated economic and social development in such a vast country.