China’s economy continues to make the transition to a more sustainable type of growth driven by domestic consumption. Growth accelerated in 2017 for the first time in four years, recovering from a slowdown in 2016. The robust growth in 2017 was mainly attributed to the momentum of government policy support, increasing external demand, and progress in domestic reforms. Inflation remains stable at around 2% and fiscal policy remained expansionary. Growth in China is expected to decelerate over the next five years as the growth momentum from the fiscal stimulus ceases to have an effect on the economy. Also, the supervisory and regulatory actions underway to limit financial sector risks, along with and overcapacity reductions, will result in lower growth in the medium term. According to the latest IMFWorld Economic Outlook , the average growth in the period 2018-2022 will be 6%, decelerating from 6.7% in 2017 to 5.8% in 2022. In 2018, growth is expected to slow down to 6.4% with the domestic demand increasing by 6.9%. With the structural transformation currently underway, the Chinese economy will become less reliant on investment and exports. During the five-year period 2018-2022, the share of capital formation will decline from 43.7% in 2017 to 41.4% in 2022. The current account surplus will also decline from 1.4% of GDP in 2017 to 0.4% in 2022.

10 月22 日，《农村土地承包法修正案（草案）》修改后二次提请十三届全国人大常委会第六次会议审议。本次修改的主要任务是巩固和完善农村基本经营制度，深化农村土地制度改革，落实“三权分置”制度。全国人大宪法和法律委员会副主任委员胡可明表示，“三权分置”改革的核心是家庭承包的承包户在经营方式上发生转变，即由农户自己经营，转变为保留土地承包权，将承包地流转给他人经营，实现土地承包经营权和土地经营权的分离。

近日，媒体关于湖南省国家级贫困县汝城县负债大建面子工程，罔顾民生，令当地经济陷入恶性循环的报道引发关注。在今年9 月国务院印发的《乡村振兴战略规划（2018—2022 年）》中明确指出，要坚持因地制宜、循序渐进；做好顶层设计，注重规划先行；既尽力而为，又量力而行；不搞形式主义和形象工程，扎实推进；合理确定乡村基础设施、公共产品、制度保障等供给水平，形成可持续发展的长效机制。

2018 年临储玉米拍卖成交量突破亿吨大关，玉米去库存加速推进。但我们认为，临储拍卖成交后，玉米仅是在不同库存主体间转移，并未完成库存到消费的转换，真实的玉米去库存情况仍旧取决于供需的变化。

本周，上证指数涨1.90%，报收2598.85点，农林牧渔板块涨3.73%，报收2163.15点。其中，畜禽养殖板块涨4.15%，动物保健板块涨7.93%。

山东烟台地区白羽肉鸡疫苗周均价5.70元/羽，周环比上涨2.25%，同比上涨235.29%。受春节期间屠宰场停工影响，预计春节前中间商将补库存，推动毛鸡需求上升，按照生长周期推算，预计进入12月份后鸡苗需求量将有所下降。