Fulin: The wealth of the richest priority for the people

"Caixin Net" (reporter Lu Yanji from BOAO) China (Hainan) Research Institute of Reform and Development Fulin April 15 in the Boao Forum to receive a new interview, said that China to achieve inclusive development, first of all, we need economic development direction from "national rich first" to "people rich first" change. Fulin said that the Chinese expression of "inclusive development" is "fair and sustainable".　　In China, the "country rich first" development model has led to two insurmountable contradictions in China's economy, one is that the national production capacity is higher than the income of residents, and the other is the widening gap between rich and poor. He pointed out that China's household consumption rate continued to decline, has now fallen to a record low of 35%. In the first quarter of 2011, the People's Bank survey also showed that 82.5% of residents tended to save, rather than consume, under inflation and income growth expectations.　　This will greatly affect China's economic growth from investment-driven to domestic demand-driven transformation.　　At present, the "Twelve-Five" plan has put forward the quantification request to the urbanization, but has not put forward the clear goal to the inhabitant consumption category this important index, this should consider. In addition, Fulin also mentioned that income distribution and fiscal reform is closely related to the original fiscal system for GDP growth, but the role of regulating income distribution is limited.　　China to achieve "fair and sustainable", fiscal reform is imminent. On the other hand, the Government should also transfer its main energy to public services, at this stage, the lack of economic public services such as market regulation, the inadequate social services such as redistribution, and the supply of institutional products have restricted the fair and sustainable development of the economy.