Economic Globalization, Foreign Trade Slowdown, More Need To Adjust The Structure And Expand Domestic Demand.

The General Administration of Customs issued our foreign trade data for the whole year of 2014.

Among them, the total import and export volume in Renminbi denominated growth rate is 2.3%, and the US dollar denominated growth rate is 3.4%, which is lower than the 7.5% growth target set at the beginning of the year.

The slowdown in foreign trade is partly related to the overall weakness of the global economy.

Under the economic globalization, the economies of different countries have already shown the characteristics of having you and me, and the contribution of trade and cross-border capital flows to the global economic growth has been as high as 1/4.

Since the outbreak of the international financial crisis, commodity prices have fallen, the disposable income of the main importing countries has not been able to increase, and the economic growth of the global emerging economies and Eastern European countries has slowed down. All these factors have greatly weakened the incentive effect of the foreign trade on the global economy including China.

Against this background, China must optimize its investment structure, activate its potential of consumption, and foster a healthy market environment actively, so as to realize the steady and healthy development of the economy under the new normal.

In terms of investment, we should further break the "glass door" and "spring door" while making good use of government investment, and activate the investment enthusiasm of social capital.

To be specific, the government should guide the capital to return to the real field by setting up development funds, giving financial subsidies, reducing taxes and fees, and so on, to stabilize the real estate asset bubbles, and to play a good role in the pfusion of financial capital for the real economy; to guide the capital into new industries such as the information industry, green industry and cultural industry, and to stimulate technological innovation to continuously emerge and improve the overall labor productivity of the economy; to guide funds to tilt towards small and micro enterprises, the underdeveloped areas of the central and western regions and the "three rural" fields, to strengthen infrastructure construction in related fields, effectively promote employment, and to guide social capital into public utilities and improve the ability to provide public goods.

At the same time, we must deepen the reform of the income distribution system and fundamentally guarantee the growth of consumption.

In the final analysis, expanding consumption is achieved by increasing income and increasing the consumption power of residents.

The purpose of deepening the reform of the income distribution system is to increase the income of the residents.

The proportion of distribution is to improve the situation that capital gains and part of management elements remuneration are unreasonable in distribution.

Of course, we should also adjust the income gap among different income groups through taxation, reduce the income tax of low-income groups and increase the personal income tax of high income groups. We should also chew up the reform of state-owned enterprise executive pay and the wage growth of labor-intensive SMEs.

A series of hard choices such as the reform of wage distribution system of civil servants and institutions.

In addition, nurturing healthy

It is also an important proposition in the current economic life.

On the one hand, we should foster a fair and just investment environment, clarify market rules, and ensure that all kinds of ownership enterprises have equal market principal position.

On the other hand, we should vigorously improve the domestic consumption environment, strengthen government supervision, improve social supervision, ensure the safety of production and circulation, accelerate the construction of credit and moral system, cultivate the business culture of honest business, reduce commercial fraud and deceit, and so on, and further enhance the confidence of domestic consumers.

Reform is the biggest dividend.

When economic growth is difficult to sustain the past high speed, we should steadfast in the direction of reform and push China's economy to achieve high quality and high level development.