In The Future, China Has 4 Investment Opportunities.

Stimulating consumption is not built on the basis of higher productivity and higher income.

If people become more accustomed to income than their income level, they will inevitably borrow money, which will undoubtedly increase the risk of financial crisis.

Coping with current situation

We should insist on choosing investment in the three carriages and resolutely oppose extensive investment and blind investment.

China needs not only investment but also effective investment.

Now there is a voice saying that China's investment driven economic growth in the past is unsustainable and should be consumption driven growth.

I think consumption is very important, but consumption is the goal of economic growth and can not serve as a driving force for long-term economic growth in the future.

The premise of consumption growth should be continuous income growth.

If incomes do not grow and consumption increases simply, families will soon borrow and borrow heavily. Then they will be heavily indebted and the crisis will come.

The potential of consumption growth is the continuous improvement of labour productivity.

How can we raise the level of labor productivity? We should constantly innovate technology, upgrade industries and raise the output level and added value level of each labor force.

But whether it is the technological upgrading of industrial cost, or the perfection of social cost infrastructure, it is necessary.

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Will China have good investment opportunities in the future?

First,

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As a developing country, China has many surplus capacity industries, but the space for industrial upgrading is still very large.

Compared with the developed countries in Europe and the United States, China's industry is basically in the middle and low end, and can be upgraded to the middle and high end. Upgrading will have high economic returns and high returns.

Second, infrastructure.

In the past, there were many investments in expressways, high-speed railways, airports and so on, but the intercity pportation infrastructure connecting cities and cities was very important. The infrastructure inside the city was still in short supply. For example, the infrastructure such as subway and underground pipe network was not perfect, and this part of the investment also had high economic and social returns.

Third, environmental improvement.

The cost of rapid economic growth is serious environmental pollution.

In order to improve the environment, we should improve technology on the basis of existing production and adopt new technologies of energy conservation and environmental protection. The social and economic returns of this investment will be very high.

Fourth, urbanization.

China's urbanization rate is 54% now, and the proportion of urbanization in a developed country usually exceeds 80% or even 90%.

China wants to move forward to the high-income countries, and continue to urbanization. The population will enter the cities and towns, and need a series of public services such as housing, pportation infrastructure and so on. The investment in this area will also have high social and economic returns.