It Is Impossible For Economic Growth To Return To More Than 8%.

Everyone must adapt to the new normal.

To adapt to the new normal, first of all, enterprises must adapt to the market and find their own market to raise funds.

"We have been in the planned economy for a long time under the planned economy.

Living and working together.

We must adapt to the current new normal and must adapt to the marketization. For enterprises, we must find our own market and raise funds ourselves, which are all necessary in the new normal.

To adapt to the new normal, we should adapt to the third industry's main position in the domestic economy.

"It should be noted that what is the biggest adaptation to the new normal? It is the third industry to play a leading role. This is a very important one."

In order to adapt to the new normal, the underground finance should be brought to the ground as soon as possible and become a finance under the sun.

"Underground finance has a lot of money. We investigated in Guangdong and asked private entrepreneurs to hold a forum. They all said that now the business is difficult and there is no way to borrow money from banks.

Because banks think we are small, no credit history and so on.

The interest on usury is too high. Even if we go to the public security bureau to report them, the police will say that you have signed a contract. They are acting according to the contract.

Therefore, we must act in accordance with the provisions of the people's Bank of China, and encourage the emergence of sunshine finance.

The policy of a period with a period of time must follow this road in the course of adapting to the new normal.

Above ground finance.

We should realize that finance is not passive. A very important aspect of financial deepening theory is to give full play to the initiative and enthusiasm of finance, and to further play its role in finance.

Human development has gone through three stages and three periods.

The first stage is the agricultural society.

In the agricultural society, the primary industry occupies a leading position for a long time. The proportion of agriculture in GDP is the largest and the number of employment is the largest. The second stage is the stage of industrialization.

The second industry occupies a leading position and accounts for the largest proportion of GDP.

The third stage is post industrial society.

The main feature of this stage is that the third industry occupies an important position. Today in the western developed countries, the output value of the third industry accounts for 60% to 70% of GDP.

China? According to the third quarter communique of the National Bureau of statistics, the output value of China's third industry has exceeded 51% for the first time.

That is to say, more than half of them are third industries, and the first industry plus second industries account for more than 40%.

This situation needs to change, and the third industry will continue to develop.

In the western developed countries dominated by the third industry, the economic growth rate is generally maintained at around 3%, at most 4%, reaching 3%.

Because the third industry is the main proportion, China may face similar situations in the future.

"The reason why China's economic growth in the past is so high is that we are in the second stage and the industrialization stage.

Now is the pition stage of industrialization in the stage of backward industrialization? Is it possible to maintain such a high rate of economic growth during the pition? "

If China's economic growth rate remains as high as 8% or over 8%, it will only generate more capacity overcapacity.

"Our economic growth rate can be reduced to 7%, the next step to 6.5%, and then to 6%, which is already in the process of pition from the second stage to the third stage.

If in the post industrial era

It is also good to maintain quality and efficient growth of medium and high speed of 5% or 6% over a long period of time. It is also a good thing to do.

It is still relatively fast compared with the level of important developed countries in the world.

Now there is a view that China's economic growth rate should be maintained at over 8%, and it can also be extended for many years at this level.

This view is wrong. "Why did the Chinese economy have such a high speed in the past because the second industry is the main factor, and the second industry can grow so high? Can the growth of the third industries grow so high?"