129823624317031250_87Economist Wu Jinglian. (File photo) [Wenzhou after release the loan, is it risky? This makes sense, of course, but local sources cannot be limited to Wenzhou, development of the financial markets if you restrict one is next to impossible, results will strengthen local government administrative controls] Lu Litao on different occasions, Economist Wu Jinglian for more than eight years old are the transformation of economic growth mode. In his view, the transformation of growth pattern, "95" plan is formally introduced, to the "Twelve-Five" period is the main line of development, the reason is institutional obstacles. On May 20, held in Shenzhen China Europe international business school (micro-blogging) innovation in 2012 China highPeak on the forums, he again raised this point, and economics to explain why you want to change, and how to change. Wu Jinglian said, now we are faced with a variety of microeconomic and macroeconomic issues, crux, and roots are in China, the growth patterns of 60 years. After the reform and opening up, caused by the export demand to make up for the investment modelProblems to be insufficient, insufficient consumption demand, in effect has been made for some time, but by early this century, the problems caused by export-oriented policies, are becoming more and more obvious. Scarce resources, environmental pollution and monetary hyper-, asset prices, real estate prices rose gradually, continues for a period of time appeared on the performance of inflation in the future. All these issues areChina must make up its mind and adopt effective measures to achieve the transformation of economic growth mode. Growth mode transformation is shifting from what what? Wu Jinglian said, from an economic point of view, "Solow residual" (the Solow Residual a) to explain, that is, the present day main sources of economic growth from investments, but from the efficiency of theHigher. So, go to rely on growth from dependence on investment efficiency. Wu Jinglian said, brought about by the reform and opening up "movable property" has been digging the net, "close to the Government, to make quick money" roads will be higher and narrower. The future and improved efficiency depends on originality innovation. Enterprise's technical innovation, system innovation, management innovation, business model innovation in areas such as improving the efficiency. Enterprise creationNew where does power come from? He quoted the Nobel Laureate North to a point, where is the incentive? Main point is to make an individual or an enterprise's contribution to the community and it's consistent returns, otherwise, businesses or individuals will go to "close to the Government", because the Government is in the hands of a resource, this would undermine the incentives. Wu JingAn ancient vessel for broomcorn millet, most recently this year, the Government has strengthened their role in the transformation of economic development mode, had some effect, but efficiency is too low, the cost is too high. Past Governments always hold it finds the best enterprise, called "father". This harms not only the business, but also for an enterprise to tilt, in fact, the fight against other companies, GovernmentUp a business
Diablo 3 power leveling, but kill hundreds or thousands of enterprises. Finally, the reference North Zhou qiren, Professor Wu Jinglian said: "why is the limited capacity of the Government? Because we are exploring the unknown, the Government does not have the ability to know to what is the future direction of development. The Government to specify a direction of industrial development, specifies a methodology, failProbability is almost entirely. The only way is to let millions of enterprise, allow millions of people to explore. Explore the probability of failure is great, but there are always a few people succeed, it can lead to the success of our industry as a whole, the entire country to a path of success. "After the speech, he received include the business news (Twitter)Many media interviews,. "Reducing" there is space, reducing interest rate caution reporters: growth mode change is a long-term process, so what are the driving force of China's short-term economic growth? Wu Jinglian: from short-term consideration, people naturally want to ease, growth rates will soon be eased, however, 2009 monetary easing bitter pill,We are eating, if you relax now, will have another bitter pill. Moreover, now conditions for year 2009. From economics said, from currency to rise in prices, real estate prices, there is a lag, so the Government has to have a long term perspective, to be combined with long-term and short-term considerations, it is the responsibility of the Government, generally people do not feel the current andInterest in the future. Now was roughly the tightening of monetary policy, is a neutral window, reducing reserve requirements there is space, but lower interest rates need to be cautious. Pearl River Delta integration should rely on Hong Kong journalists: to Shenzhen and more extensive cooperation, sea in Shenzhen-Shenzhen-Hong Kong pilot system ice-breaking attempt is in progress of modern service industry, system of ice will notTrend? Wu Jinglian: the sea is a very good test, we can think of the things at a deeper level. In the modern economy, development of a region, to Center City, mainly financial and logistics management, radiation to the hinterland of the central city, main manufacturing industry, to a large space in the hinterland, manufacturing is strong, then this area is developed.The Pearl River Delta, and even Pan-Pearl River Delta, a great weakness is without a strong central cities, which is the major weakness compared to the Pearl River Delta area of Yangtze River Delta. But the PRD is the potential advantages of Hong Kong, Hong Kong is stronger than the Shanghai central city, it has a world class financial and logistics industry
TERA Gold, also has its own school, is to create knowledge bases, and Hong KongAlso has a good legal environment. But the obstacle is between Shenzhen and Hong Kong, "one country, two systems", Hong Kong-Shenzhen integration is to change the growth pattern of the PRD, as well as important driving force for the transformation and upgrade of the Pearl River Delta. How "one country, two systems" under the conditions of, integration, this is the transformation of the Pearl River Delta is an important issue, but we can't decide this area itself,Involved departments of the Central Government, however, is dedicated to promoting the leadership of Guangdong Province. Sea if you can take advantage of this opportunity, if successful promotion are significant. Wenzhou gold change induced by experimental or administrative controls to increase journalists: end of March, the State Council decided to establish the comprehensive financial reform test zone in Wenzhou City, Central and local governments have introduced a number of policies,Also have high hopes of Wenzhou gold-modified. How far do you think financial innovations can go? Wu Jinglian: I'm not as bullish on Wenzhou test as many newspapers, it made sense, but only aspirin for pain, because of the financial markets is a unified, national marketing, how to change? I'm not good to understand. Where, of course, you can do some tests, WenzhouOpen after the loan, is it risky? This makes sense, of course, but local sources cannot be limited to Wenzhou, development of the financial markets if you restrict one is next to impossible
Diablo 3 Gold, results will strengthen administrative control of local government. Central to maintaining the market order, to financial regulation. But if you cross the supervision of macroeconomic risks, monetary tighteningThis macroeconomic management, nor the Government should function. Gem development to pursue the journalist: gem is two years, what's your evaluation for gem? Wu Jinglian: arguing for the gem is very large, different areas have different views, to which you want to analyze. For example, the examination and approval system, decided by the management authorityIPO gate opening, closing, connect the macroeconomic situation, this resulted in rent-seeking activities are very popular. So, some people will use the power, the goal happily the foot, forcing stakes. Some high-tech companies come up, they (power) with our money, we were using, and shareholders are scolding us, begins to flow break, we had a bad reputation back,And they make a lot of money. Establishment of the growth enterprise market, economists and Government officials, the result of the joint efforts, to PE, VC, venture funds looking for a channel of exit, but now that the effect is not very satisfactory. Then, the pitfalls, the interests of all parties needs rational discussion, and where, where is the harm, and then we discuss a scheme, some of the sticking points areNot to be settled at once, while also taking into account the settled at once is at risk, and so on. (Source: business news), Wu Jinglian: accumulation of negative effects of export-oriented Economist Wu Jinglian: traditional growth pattern to the end he said financial reform pilots just like Tiger Balm in Wenzhou Wu Jinglian: not by monetary easing to stimulate economic development in WuJinglian: companies can earn fast money big money in a short period of time
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