What is the current economic situation? Liu Shijin: we can strive for a growth rate of 7-8percent or above next year

category:Finance
 What is the current economic situation? Liu Shijin: we can strive for a growth rate of 7-8percent or above next year


The reason is that this years base is low, and it is still a restorative growth. It should be a good state for the growth rate to reach about 5% in the next two years..

Liu Shijin suggested that Chinas economy should adopt the index system of employment index leading and GDP index ending, that is, GDP index should be expected, result oriented and postpositive, and no longer be used as a leading indicator.

He pointed out that stable growth is to stabilize employment, and employment indicators can also effectively measure the utilization of resources in the whole society, which should be an indicator to strive to achieve.

In addition, we can also introduce such global indicators as per capita income of residents, price level, macro leverage ratio and total factor productivity, which reflect the new development concept. In fact, if the above indicators are in a good range, the growth rate of GDP is appropriate.. Liu Shijin also said that to explore the structural potential of economic growth during the 14th five year plan period, efforts should be made to make up for the three major weaknesses of the real economy. First, the efficiency of the basic industry is not high, and there are still administrative monopoly and insufficient competition in the basic industry to varying degrees; second, the small scale of the middle-income group. In the next 10 to 15 years, the middle-income group should strive to double, from 400 million to 800-900 million, to expand consumption demand and human capital; third, the weak basic R & D ability should be solved Neck sticking in internal circulation. Source: Wall Street, editor in charge: Chen Hequn_ NB12679

In addition, we can also introduce such global indicators as per capita income of residents, price level, macro leverage ratio and total factor productivity, which reflect the new development concept. In fact, if the above indicators are in a good range, the growth rate of GDP is appropriate..

Liu Shijin also said that to explore the structural potential of economic growth during the 14th five year plan period, efforts should be made to make up for the three major weaknesses of the real economy.

First, the efficiency of the basic industry is not high, and there are still administrative monopoly and insufficient competition in the basic industry to varying degrees; second, the small scale of the middle-income group. In the next 10 to 15 years, the middle-income group should strive to double, from 400 million to 800-900 million, to expand consumption demand and human capital; third, the weak basic R & D ability should be solved Neck sticking in internal circulation.