Five consecutive years of double-digit growth China's economic imbalances

BEIJING, June 29, the international financial crisis after the outbreak of China's four major imbalances in the problem is very prominent. In the four major imbalances, especially internal and external imbalances and the imbalance between investment and consumption are more prominent.　　Scholars pointed out that China's economy to embark on a scientific development track, sustainable and rapid development of the track, we must focus on solving the four imbalances. The Hong Kong Economic Herald and the Economic Research Institute of the Chinese Academy of Social Sciences, the capital Economic and Trade University recently co-sponsored the "China Economic growth and Cycle International Summit Forum (2009)", hundreds of Chinese and foreign economic experts around the "world economic turmoil and China's economic sustainable development policy options" launched a lively discussion.　　Zhang Zhoyuan, former director of the Economic Research Institute of the Chinese Academy of Social Sciences.　　Zhang Zhoyuan said that the Chinese economy has accumulated a lot of contradictions and problems after a 2003--2007 of five years of continuous growth, highlighting four imbalances. 1, external demand and domestic demand imbalance, domestic demand is insufficient. Money and services import and export to economic growth contribution and pull ratio is too high.　　If the external need to atrophy, the impact is very large. 2. The imbalance between investment and consumption. Final consumption, especially the proportion of household consumption is too low.　　Although in recent years has been emphasizing the expansion of domestic demand, but the actual expansion is mainly the demand for investment, residents ' consumption demand has been declining. 3, the economic growth of the resources, environmental costs too much.　　Resources and environment have become the main bottleneck of China's sustained economic growth. 4. The uncoordinated economic and social development in urban and rural areas.　　This question was raised when the scientific outlook on development was put forward in 2003, but after five years, there has been no significant improvement. Zhang Zhoyuan said that to solve the above four imbalances, first of all the first two imbalances to the Chinese economy on a healthy development track. Second, rely on domestic demand for growth, coherent structure to combine. Third, positive fiscal policy and moderately loose monetary policy should be combined with deepening reform. Finally, we should deepen the reform of the financial system and realize the transfer to public finance as soon as possible. Five, promote the Government reform, change the Government function. The promotion of the income level of the low-income earners will help to increase the effective changes in consumption, including a substantial increase in the amount of financial assistance to rural cooperative medical services.　　To reform the planning system. Now is the planning of various provinces and cities in the first, the country's planning, so that the national planning of the provinces and cities have not played a guiding role. Local planning is aggravated, especially for economic growth, often significantly higher than national targets. He suggested that the two-mode planning should start with the national planning, and then the planning of various provinces and cities, so that local planning and national planning can be linked, while strengthening the NPC's supervision of the implementation of planning, do not make planning become scrap.