Why 2017 is the economic peak?

There are several reasons why 2017 is considered an economic peak. First, the global economy experienced a phase of recovery and growth in 2017. During this period, economic indicators such as GDP growth rate, employment rate and consumption index have improved in the world's major economies. This has created a relatively stable and positive environment for the global economy, prompting the arrival of an economic peak.

Secondly, 2017 is a critical year for China’s economic development. China's economy continued to maintain a high growth rate during this period, and the government's economic policies were also able to achieve positive results. The Chinese government has adopted a series of supply-side structural reform measures to promote economic structural adjustment, transformation and upgrading, so that China's economy can continue to grow.

In addition, 2017 was also a year in which the global trade situation was relatively stable. Although there are some geopolitical factors and voices of trade protectionism, overall global trade has gradually returned to activity, and international trade volume has also grown steadily. This positive trading environment provides favorable conditions for the peak of the global economy.

To sum up, the global economic recovery, China’s economic development and the relatively stable global trade situation are all factors that made 2017 an economic peak.