Experts say support for China's rapid economic growth is changing

Journalists Chen Liming and Ching The Chinese economic circles believe that only by government investment to stimulate consumption, can not solve the long-term growth of China's power problem.　　Some economists suggested that the rapid development of urbanization is the next stage of China's sustained and rapid economic development of the real impetus. "This is the only way for China to nurture the momentum of economic growth.　　"The National Development and Reform Commission China Macro-Economic Society," Secretary-General Wang Jian, 3rd in Changsha to attend "International Symposium on the Development model of urban agglomeration", said that the impact of China's growth stage changes and the international financial crisis, the impetus to support the rapid growth of Chinese economy is changing significantly. Domestic economic scholars generally believe that China's rapid growth since 2003-2007 years mainly from the domestic consumption structure upgrade and export structure upgrade. From the domestic perspective, the housing and car two major consumer goods, the explosion of demand to guide the structure of consumer demand upgrades, energy, raw materials and machinery, the electronics industry has been greatly increased.　　Export is also an important impetus for China's rapid economic growth during this period. Wang Jian provides a set of data for this stage: investment growth in raw materials sectors such as steel and nonferrous metals is up to 120~170%, investment growth in the general and dedicated manufacturing sector is up to 60~70%, and investment growth in the labour-intensive consumer goods export sector is generally as high as 50%, while investment growth rates are only 31　　%。 "The gap between the income distribution of Chinese residents is large, some of the first rich people bought cars and housing, the majority of the population can not follow up, it is difficult to form in the 80 's home appliances into the family as a representative of the ' wave-style ' consumption." International demand for imports from Europe and America is also falling sharply. "China Reform Research Institute Dean Fulin that under the new situation to take the investment-oriented economic pull model, increase output scale, will likely lead to excess crisis."