The three international organizations say that China's economy is changing to promote sustainable and good

Xinhua Beijing, March 21 (reporter Jiang Rui Li Yanxia han) "China's economic development is remarkable, not only in response to the crisis quickly, and the future is full of hope." "Nobel laureate Joseph's view represents the general view of delegates from the China Development Forum.　　However, delegates also pointed out that the Chinese economy to maintain rapid and sustainable growth, but also the need for continuous restructuring. Fiscal expenditure should be more active and long-term, foreign trade should conform to the change of world trade pattern, find new economic development support ...　　The heads of some international agencies gave their advice on the development of China's economy. IMF Vice President: Fiscal policy should focus on the future the International Monetary Fund (IMF) believes that the global economy will be around 4% this year, and that the pace may increase in 2011.　　John Lepski, the IMF's first vice-president, said the recovery was a measure of how expansionary monetary and fiscal policies played a role in the process. John Lepski that to ensure fiscal sustainability, the government needs to take some direct measures to improve the basic fiscal expenditure and income surplus.　　In this regard, he believes that the government needs to further consider spending more on benefits such as health care. "Merely adopting a purely crisis-resistant stimulus will only increase GDP by 0.5% a year, so spending on pensions and health care must be increased, and tax and regulatory measures will be used to boost economic growth."　　John Lepski said the IMF study shows that if China increases its investment in public spending equal to 1% of GDP, for education and pensions, it will likely pry into the sustainable growth of 1% of Chinese household consumption. John Lepski says the government's public spending structure is also changing, greater diversion from infrastructure to investment in human capital and consumption, as well as the structural improvements in education, health and social security, can lead to productivity growth and direct consumer support to reduce the need for precautionary savings.　　For emerging economies, there is a need to increase spending on social security, reducing household savings and thus boosting consumption. In addition, John Lepski stressed the importance of curbing possible inflation. "If the price of assets and commodities rises too fast, it will increase the cost of economic recovery and put a risk on a sustainable recovery," he said.　　"Vice president of the World Bank: adjusting development strategies according to changes in global trade patterns" China's economy is doing well in coping with the crisis, but uncertainty still persists and the external economic environment facing China may change for some time to come, "said Lu Wan, the World Bank's vice president. He believes that the impact of the financial crisis on countries mainly in three aspects, the first is caused by the uncertainty of liquidity, so that large commercial banks in a defensive model, the core sector of the financial support to reduce the crisis has also reduced some of the necessary international capital flows, and the volume of foreign trade has dropped sharply. Among them, the ChineseThe impact is reflected in the impact of declining global trade demand on China's real economy, which will continue.　　However, Lu Wan that China's position in the world economy has increased in the midst of the crisis, and that it has become more concerned about international relations, trade agreements and overseas investment. Lu Wan that the future world trade structure will change, trade growth will be more from developing countries, disguised protectionism will continue to emerge. So if China is to maintain a steady and rapid economic growth, new and sustainable sources of demand need to be ensured, and the role of domestic demand, consumption and service industries in the economy needs to be improved, and financial adjustments should be made, and SMEs should have more channels of financing to improve the efficiency of allocating funds; the need to promote the expansion of trade to non-traditional markets　　To diversify the export market; Finally, China should rapidly develop technology so that the industry can keep abreast of the world's leading steps. President of ADB: sustainable development should find a new source the Asian Development Bank President Mr Kuroda said that China's long-term sustainable development should be adjusted to the source of economic growth.　　He pointed out that China's economic development has long been based on investment and export-oriented, although the Chinese economy has a greater role in promoting, but the dependence on exports to the economic development in the contraction of external demand will become vulnerable, the global economic crisis has highlighted the need for such reform. In addition, due to overinvestment and overcapacity in some industries, factor productivity is also falling, capital-intensive growth patterns are very limited in terms of job creation, and income disparities are widening, and these imbalances are intensifying, requiring China to adjust its economic development model to find new sources of growth, such as public spending and personal consumption,　　This requires the transfer of income from certain businesses to residents and the public sector. While manufacturing will dominate China's economy in the next few years, the service sector is expected to be an important source of economic growth, he said. In developed economies, services have become a major source of productivity gains and job creation, as well as the largest share of domestic organizations and employment.　　In developing countries, services such as transportation, transport, telecommunications, logistics and finance are also prerequisites for ensuring economic growth. In addition, Mr Kuroda suggested reforming the labour market. He believes that to ensure the success of structural reforms, labor mobility must be increased. In the next few years, urbanization will be an important factor in promoting future development. In addition, investment in education, vocational training and social security investment can also help improve the quality of the workforce.