Post-crisis stage needs to prevent stagflation

(Reporter Lu Xianwen) Recently, the Economist Shanghai Roundtable held in Shanghai Academy of Social Sciences, experts around the "post-crisis phase of double pressure: prevention of stagflation," the theme of the confrontation, and the "Twelve-Five" period of the economic development of ideas. Professor Zhigang, dean of the School of Economics at Fudan University, argues that the global economy is now full of uncertainties and the biggest uncertainty comes from US policy. For example, quantitative easing in the US, which leads to higher commodity prices, will put pressure on China and other countries to import inflation. The high level of domestic CPI has inherent inevitability, and the fundamental way to solve it lies in "transformation": Demand structure transformation, industrial structure transformation and factor input structure transformation.　　He pointed out that next year's economic development in Shanghai will also encounter difficulties and resistance, horizontal view, land indicators are limited, vertical view, the industrial level is difficult to improve the allocation efficiency is difficult to improve. Professor Shilangping, deputy dean of Shanghai Customs College, said that the biggest problem of China's economy is still the development of the original development model, encountered problems often through the issue of currency, such as "incremental" means to solve, "mode can not turn, and external pressure is urging adjustment."　　His assessment of the country's economic performance is that high inflation, accompanied by rapid growth, is likely to continue for a long time. Zhou Zhenhua, director of the Shanghai Government Development Research Center, said that after the economic crisis, sudden expansion of liquidity, sudden contraction of the phenomenon is more obvious, from the domestic economic situation, it can be said to be on the brink of inflation and deflation, policy is also in a dilemma, and increasingly feel that the use of policy tools less The effectiveness of policies is also diminishing.　　He pointed out that under such circumstances, it must be recognized that short-term policies can not solve long-term problems, if the regulation "round", "cumulative results" is likely to be stagflation. Facing the urgent demand of the development transformation, Professor Chen Xian, executive director of Shanghai Jiaotong University, has suggested that the provision of public services should be centralized, which is the way to achieve equalization, and will also play an active role in raising income and increasing consumption. Pan Yingli, a professor at Shanghai Jiaotong University, suggested that the "Twelve-Five" transition could begin with services.