Zhang Weiying'S State-Owned Enterprise Is An Obstacle To China'S Growth &Nbsp; It Is Proposed To Distribute To The Common People.

Economic downward pressure and price rise coexist

Last year, China's GDP grew by 9.2%, down from the previous year. CPI also fell from 6.5% in July last year to 4.1% in December, and CPI rose 5.4% in the whole year. This year, the goal of GDP is to achieve 7.5% growth and control CPI at around 4%.

Zhang Ping, director of the national development and Reform Commission, said that China's domestic economic development is facing unbalanced, uncoordinated and unsustainable contradictions. The three relations of speed, price and structure still face many challenges. For example, at present, the global liquidity is relatively ample, and the price of commodities in the international market is high and volatile. The price pressure of some domestic agricultural products will exist for a long time. He said, "under the pressure of economic downward pressure and price rising pressure, steady growth and stable price is a dilemma." Although the current price level presents a regression trend, but dare not have the slightest paralysis, and dare not take it lightly.

A few days ago, Premier Wen also made a statement on China's control of GDP in 7.5% this year at the "two sessions" press conference, saying that the growth rate of 7.5% is not low. The purpose of lowering GDP growth this year is to focus on changing the way of economic growth and adjusting the industrial structure.

Raise revenue and make people dare to spend.

Recently, ministries and commissions are actively implementing the "new 36 items". Yesterday, Zhang Ping reiterated his support for private capital in the fields of Finance and energy. He said that this year's investment should be further tilted to the people's livelihood. We should increase support for affordable housing projects, agriculture, rural areas, energy conservation, emission reduction, independent innovation and social undertakings. We should focus on relaxing market access and implement more targeted and operable incentives to support private capital in railways, municipal, financial, energy, telecommunications, education, medical and other fields.

Under the external environment of the European debt crisis, stimulating domestic demand to achieve endogenous growth has become the consensus of the government and academia. Yesterday, Zhang Ping said that this year the government will further improve the income of urban and rural residents, further improve the social security system, so that people can afford to spend money and dare to spend. In addition, the government will implement policies and measures to encourage consumption, such as finance, taxation and finance, so that people can be happy to consume, improve the environment and conditions of consumption, and make people convenient for consumption.

Expert opinion

Wu Jinglian's economic system has not been removed.

Washington (reporter Xing Shiwei) yesterday at the "China Development Summit Forum 2012" annual meeting, the State Council Development Research Center researcher Wu Jinglian said that from 2011 "12th Five-Year opening year", the economic system obstacles have not been eliminated.

Wu Jinglian said that judging from the results of the first year of 12th Five-Year, the spanformation and upgrading of China's economic development pattern in 2011 have made some achievements, but too much investment and high costs will not be able to achieve the spanformation of the economic development mode in such a way.

Why is there such a situation? Wu Jinglian said, the main reason is that the obstacles to the economic system have not been eliminated.

Wu Jinglian said that under the current situation, top-level design and local initiative experiments are being carried out in all aspects, including state-owned enterprises are studying top-level design. "There are some experiments in the area that are worth noting, for example, Shanghai's state-owned capital withdraws from dozens of industries." Wu Jinglian said, these are providing experience for reform, and will also have an impact on China's economic restructuring.

Zhang Weiying's state-owned enterprises are obstacles to China's growth

Washington (reporter Xing Shiwei) yesterday at the "China Development Forum 2012" annual meeting, Peking University Guanghua School of Management, former president and Professor Zhang Weiying said that state-owned enterprises have become one of the most important obstacles to China's future growth.

Zhang Weiying said that in the next few years, China has to do three things in the economic field, one is the privatization of state owned enterprises, the other is the privatization of land, and the three is the liberalization of finance. Two.

Turning to the problem of state-owned enterprises, Zhang Weiying said, it is hard to imagine that in such a large proportion of state-owned enterprises, such an important position, China can enter the real asset economy, state-owned enterprises have become one of the main obstacles to China's further growth in the future.

"It is not difficult in itself. A large number of state-owned enterprises, especially the central state-owned enterprises, have been listed. Their shares have prices, they can be spanferred through the market to these non-state-owned sectors and individuals, and they can also be allocated to ordinary people by means of a half spanfer or half gift like the United Kingdom. I think if this step is taken, the wealth of Chinese residents will get a larger increase. "

Ministry of Finance reiterates structural tax cuts

Xie Xu said he would implement a positive fiscal policy in terms of increasing household income.

Washington (reporter Li Lei Xing Shiwei) minister of finance Xie Xuren yesterday at the "China Development Forum 2012" annual meeting stressed that this year will focus on improving the structural tax reduction policy to reduce the burden on businesses and residents. He also said he would implement a positive fiscal policy in four aspects: increasing income and increasing investment in people's livelihood.

Lightening the burden of enterprises and residents

According to the Ministry of finance data, the total revenue of China's tax revenue was close to 9 trillion in 2011, an increase of 22.6% over the same period last year. Over the same period fiscal revenue exceeded 10 trillion, an increase of 24.8%. Last year's GDP growth rate was 9.2%. According to the calculation of experts, the proportion of government revenue in GDP accounts for about 35%.

At the just concluded two sessions of the national conference, many representatives and members submitted proposals and proposals on tax reduction. Guo Guangchang, chairman of the National People's Congress and chairman of Fosun Group, said that the tax burden of enterprises should be reduced as a whole. Xu Shanda, former CPPCC member and deputy director general of the State Administration of Taxation, said that the proportion of government revenue in GDP has not been low, and the tax reduction efforts for small and micro enterprises can also be increased.

Xie Xuren said yesterday that it would focus on reducing the burden of businesses and residents. Specific measures include the implementation of the individual income tax law; further implementation of the policy of increasing the tax burden on small and micro enterprises, such as raising the value added tax and business tax threshold, and further implementing the preferential policies of half income tax collection for micro enterprises this year.

Treasury officials repeatedly indicated tax cuts.

In fact, since the beginning of this year, many officials of the Ministry of finance have declared tax cuts many times in public. Xie Xuren, Minister of finance, said at the news conference this year that the structural tax reduction policy will be further improved this year, the burden of enterprises and residents will be lighten and the various tax reduction measures that have been introduced have been implemented. Dai Baihua, director of the general office of the Ministry of finance, also said in March 8th that the structural tax reduction policy will be further implemented from five aspects this year.

An Tifu, a professor at Renmin University of China, said structural tax deduction must be tax deductible. Faced with the rapid growth of fiscal and tax revenues, many experts said that the reduction of taxes should be implemented and a substantial tax cut was formed.

Ma Jiantang: economic growth constraints increase

Washington (reporter Li Lei) National Bureau of statistics, Ma Jiantang 17, at the "China Development Forum 2012" annual meeting, said that restricting the rapid growth of China's restrictive factors are increasing, China should speed up the spanformation of the way, the process of structural adjustment.

Ma Jiantang said that the strength of China's labor resources is weakening and China's demographic dividend is decreasing.

According to the data released by the National Bureau of statistics, the proportion of working age population aged 15 and -64 has dropped since 2002 for the first time since the end of 2011, because of the relatively low level of fertility and the speed of aging. In 2011, it was 74.4%, a slight decrease of 0.10 percentage points over the previous year.

"The 100 employed population or the working age population rearing the elderly 20, and this proportion is still relatively rapid growth." Ma Jiantang said that according to the data of the sixth national census, the proportion of the population aged 30 and -50 is very large. In another 10-20 years, these people will enter the aging population, so the aging of China will further accelerate. As the labor force as a factor of production is decreasing, the aging population that needs to be burdened is sure to have an impact on the future of China's economy.

In addition, Ma Jiantang said that the constraints of resources and environment have become increasingly prominent. Behind the rapid growth of China's economy is a strong consumption of energy resources.

Lagarde suggests accelerating spanformation in three ways

Washington (reporter Su Manli) president of the International Monetary Fund (IMF), Christina Lagarde, at the "China Development Forum 2012" annual meeting, pointed out three ways to accelerate economic spanformation.

First, we must continue to support growth. In this respect, China is still in an enviable place because of its ability to provide moderate financial support to its country. The two is to spanform the driving force of economic growth from investment and export to domestic demand. Three, China needs to raise the standard of living of the people so that the whole nation can share the benefits brought by sustained high-speed growth.

"Whether we talk about changes in China's growth pattern or talk about European reforms, we have better monitoring of financial reform, and even IMF reform. All of us need the courage, the courage and consensus to make changes, and all we have to do is stick to it and stick to it." Lagarde said.

It is understood that the reform of IMF and China's share in IMF are the most concerned topics of the outside world. For this reason, Lagarde also said in the forum gap that if China further implements economic reform, the renminbi will become a reserve currency in the future.

Zhang Weiying's statement: state-owned enterprises are the main obstacle to China's growth in the future.

How much money should the government spend? I think the real macroeconomic management should be to create a good institutional environment. Under this institutional environment, everyone has the initiative to work hard and produce productive efforts. The spirit of entrepreneurship can be more effective and the resources can flow to the most effective departments. In this sense, I think the best macroeconomic policy is not the policy of spending money by the government, but the policy that the government should spend as little as possible. We seldom see that the government can spend money efficiently. I think in the next few years, the three most important things in China are to do well in the economic field, and the suggestions put forward by the world bank's economic report; the first thing to do is Privatization of state-owned enterprises. Speaking of macroeconomic management, I think there are some misleading points today. When it comes to macroeconomic management, it is considered monetary policy, that is fiscal policy, that is, should we use looser monetary policy or tighter monetary policy? It is hard for us to imagine that when a state-owned enterprise occupies such a large proportion and such an important position, China can enter the real asset economy. State owned enterprises have become one of the main obstacles to China's further growth in the future. In the future, I hope that in 5 to 10 years, the proportion of state-owned enterprises should be around 10%. This matter is not difficult in itself. It is just a question of political determination. There are no technical difficulties, because a large number of state-owned enterprises, especially the central state-owned enterprises, have been listed, and their shares have prices. Our government can spanfer these shares to non-state-owned sectors and individuals through the market, and can also distribute to the ordinary people by means of a semi spanferable and half gift like the United Kingdom. I think if this step is taken, the wealth of Chinese residents can get a relatively large increase. This part also brings a boost to the domestic market, and more important to make our entire assets, including financial assets, more reasonably used. We do not exist in the enterprise as we are now with a large number of preferential treatment to state-owned enterprises, many private enterprises, not equal to enjoy such assets, especially bank loans. In this way, these resources will be more effectively utilized. The second thing China needs to do is land privatization. China actually has a large amount of assets. These assets have not become capital. They can only be used, but they can not be spanferred. They can not be used as collateral to provide some funds for people to start their businesses. The most important part is the land in the hands of farmers. Every farmer has the right to cultivate the land, but the land is not owned by the peasants, so the peasants have no right to spanfer it freely. In the process of urbanization, a large number of countries deprived this ownership method to carry out urbanization, which also caused many social injustice and social unrest factors. If our country can really turn the land of the peasants into the property of the peasants, these assets will really become capital. If the peasants have these capital, whether they go to town or do other things, I think it will become more convenient. We can also prevent our unfair treatment of the peasants in the process of urbanization, that is, the cheap robbery of the peasants' assets. If this is done well, I think our market potential in China can also be brought into full play, that is to say, the assets of our hundreds of millions of people have suddenly increased substantially, and their consumption will also increase considerably.

The third most important thing we need to do is financial liberalization. This step is basically stopped. We sometimes mistaken the understanding that the financial crisis in 2008 came from financial liberalization. In fact, the financial crisis has been reversed. In fact, this is not the case. For China, it is very important to make finance into a market rather than a way of managing the economy. Now we have a lot of misunderstandings. If there is no strong government management in this area, our financial order will be in disorder. Actually, it is not the case. Let us see that 200 years ago, there was no central bank at that time. However, when it was necessary to establish a bank number, it did not require any approval from the government departments. In the past 100 years of history, Shanxi's business status was very good, and there were not so many fraudulent practices. Their credit was very good. The liberalization of finance began in 90s, but after the Asian financial crisis, especially after the global financial crisis in recent years.

We often see the financial order, there is another misunderstanding. As long as the order prescribed by the government is called financial order, the order that our people have formed for thousands of years is not an order. This is totally wrong. Let's look at the recent case of the so-called fund-raising case. There is no real capital and capital trading freedom in the old surname. Without these freedoms, a large number of our entrepreneurs can not get the funds they need, and we find that the so-called illegal and illegal fund-raising. Next, the most important thing about financial reform is not the interests. But it is very important that the most important thing Li Daokui (micro-blog) just said is to liberalize the financial market and let more people have the right to establish various financial institutions. Only in this way can we make rational use of our capital and Chinese enterprisers can really play their role. So we can achieve these three aspects. The liberalization of state-owned enterprises, the liberalization of land and the liberalization of the economy will bring about a good prospect for China's economy in the next 10 to 20 years. Thank you!