Now ,about Chinese economic transition are increasingly rising, from investment driven and export oriented to consumption driven economic growth ,especially to rely more on consumer driven .
In early 1995 ,these policies will appear in the decision-making and expert comments .relationresultUnfortunately,even this desire in the past 17 years has existed for a long time ,but the economic reliance on investment and exports still rises every year, while consumption proportion of GDP, not only did not rise, but decreased from 45% in 1995 to 35%in recent years .
relationresultWhyChina should reduce the investment of dependence ,and Realization of stimulating consumption is so difficult? Whether as some comments that, because the Chinese natural more propensity to save ,or for some other reason ?relationresultI think,the reason is that China design ,which is not constrained by the taxation authority, state-owned economy proportion is too high ,the government in the allocation of resources control too much .
This arrangement caused too many national income flowing to the government ,plus the country has the most productive assets so that economic growth brings wealth effects also remain in government hands, the whole system is biased investment and inhibition of private consumption .
relationresultGovernmentrevenue growth , relationresultInChina ,private income gap and wealth distribution problems have been controversial .However ,more serious but is neglected for a long time ,the income gap between the government and the society .
relationresultIf Icorrect for inflation ,in 1995 ~ 2010 years,the government budget in fiscal and Taxation ( not including the budget of land revenue and profit of state-owned enterprises and so on ) over 9.
2 times .During the same period, urban residents per capita disposable income increased by 2.3 times ,while the rural population and the per capita net income growth of only 1.8 times.relationresultTherefore,even if the state-owned enterprise and state-owned assets property income to national income ,government revenue as a share of GDP is still in rapid growth ,its cost is the vast number of social income the proportion of GDP, more and more low .
relationresultFrom theamount ,budgetary financial revenue in 2011 reached 10.3 yuan,the equivalent of 471000000 cityresidents disposable income of rural population ,or 1500000000 ofdisposable income .
In contrast ,the fiscal 1995 taxequivalent to only 150000000or380000000 rural populationcity residents disposable income and .Therefore ,from 1995 to 2011,the government fiscal revenue relative to city residents has increased more than 2 times ,more than the income of rural population grew by about 3 times .
relationresultSo muchincome by the government here, how do they use ?More on investment or consumption? Can the growth morphology and structure plays a key role? We can see from the asymmetric information brings the official decision making performance assessment of the difficulty to find the answer .
relationresultUsually,budget and other economic decision-making of government behavior is governed by ranking leader and the general public to assess ,but the general public views on the importance of far inferior to those decision makers leader .
relationresultAt the same time,as a result of these leaders have the term age limit ,their policy of long-term results are not interested in .For this reason ,economic policy makers to choose those who can to get instant results out of his investment project ,while avoiding those of society ,people is very important input .
For example ,infrastructure and industrial projects in large scale is very easy ,the impressive performance and progress speed attributes, and government officials incentive framework is very fit .
relationresultTo make a long story short,China almost unrestricted right of Taxation has prompted financial revenue to grow without limits ,cause economy more rely on investment to drive ,rely on exports, so ,limit the right of taxation is the transformation of economic growth pattern is one of the key reform .
relationresultState owned economy isprivate consumption inhibitor &rdquo &ldquo ;relationresultOfficial data shows,Chinese state-owned economic sector output accounts for only about 35% of GDP ,however ,I think it has been seriously underestimated ,because of the large number of state-owned enterprises ,the actual holding shares of the enterprises are not counted .
relationresultIf all theshares in the enterprise, property and land are included, the government has a wealth of society from 60% to 70%.That said,围裙厨师服, the past 32 years of reform and opening upeconomic development in the vast majority of the wealth created by the government benefits ,enjoy .
relationresultState ownershipis the Chinese private consumption growth is the main &ldquo ;cystatin &rdquo ;,it prevents the land value appreciation ,enterprise property right can bring to consumer role .
relationresultThe viewpoint thinks,state ownership of the entire society is beneficial ,but profit growth of state-owned enterprises and state-owned assets should help the reduction or elimination of income tax .
But in China ,most of the tax authority in the hands of the administrative organ of the State Council ,the hands ,operation of state-owned enterprises can rarely be NPC supervision .relationresultIt also explainsthe Chinese total savings from GDP in 1992 to 41%growth to 51% in the near future,of which a total increase of 10% ,投资股票吗 中国股市10年零涨幅
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relationresultNational incomeresidents share in private consumption reduced ,relative to the proportion of GDP plummeted .This will only intensify the domestic supply and demand imbalance ,make China even more dependent on exports ,the renminbi must be to underestimate the value of state .
relationresultIndeed,the state-owned system and government control over resources ,in the past has successfully helped China to realize industrialization of high-speed development ,but the cost is between government and society growing income and wealth gap ,now has become the transformation of economic structure of the underlying disorder .
It not only suppressed the Chinese private consumption growth ,also of global imbalance partial responsibility for many .Therefore ,China must undertake state-owned asset reform, and tax right restraint ,must cut .