Two-way forward: Export to GDP contribution rate decline China's focus on transformation

Accelerate the growth of internal power China's pain under the transition determination after the Spring Festival, the annual China "NPC and CPPCC" will debut.　　In the 2009, China's economy in the global crisis under the background of the super "V" reversal, will make the "two sessions" of the Chinese domestic political life events attract more attention to the outside world.　　According to past experience, this year, China's "two sessions" will review the success of the last year to achieve GDP "bao-eight" consensus, to boost confidence, and announced the deployment of the 2010 development goals and policy path.　　More importantly, China will not revel in the glamorous appearance of the world's second largest exporter and sword, a major shift in the next 10 years, or even decades, to maintain faster growth, and will become the focus of public opinion during the two sessions.　　"Expanding domestic demand, promoting consumption, adjusting income, and innovation" has never been more determined, whether from the Central Economic Work conference convened at the end of last year, or from the dense statements made by Chinese leaders before the Spring Festival.　　Statistics show that China's export contribution to GDP in 2009 was negative 3.9%, and export growth and even double-digit declines were the first in recent decades, and this was achieved only in the near exhaustion of policy support. With the rolling growth of China's economy, overseas markets are bound to be less and less effective in boosting economic growth.　　Meanwhile, the rising cost of factors such as China's labor force, the changing consumption and production patterns caused by the crisis in the developed economies of the US and Europe, and the growing trade frictions are indicative of China's looming ceiling, and the era of ever-accustomed export boom will be gone. Investment has undoubtedly become the number one contributor to China's economic growth and will continue to play a major role this year in 2009, when exports have retreated sharply.　　But the key is that the high intensity of investment in the economy is driven by unsustainable and marginal benefits of the law, doomed it can only bail out the trap, rather than long-term. As the general secretary of the CPC Central Committee and President Hu Jintao said earlier this month, the impact of the international financial crisis on China's economy is ostensibly a shock to the growth of the economy, and in fact it is a shock to the way of economic development, and from the statement of more than 50 "quickening" statements,　　Better to appreciate China's desperate thirst for economic transformation. The fundamental of the transformation is to solve the problem of consumption shortage which has plagued China's economy for many years, to promote the potential internal impetus of China's economic growth, to activate China's 1.3 billion people by speeding up the pace of rural urbanization, adjusting the distribution of national income, perfecting the social security mechanism and increasing the proportion of service industry in　　The sum of the people of Europe and Japan is still more than the number of days market. After 30 years of reform and opening-up, China's GDP per capita in 2008 years more than 3000 U.S. dollars, from the historical experience of developed countries, across the threshold of the country's consumer demand will be significantly increased. During the crisis of 2009, the emergence of consumer demand contributed 4 to China's economic growth..6%, a new record of nearly 10 years.　　As for exports and investment, the other two carts that drive GDP growth are equally important and urgent to change. How to change the structure of export products and reverse the low-end image of "Made in China" abroad has become the only way for China to move from a big trading country to a powerful one.　　For a long time, most of China's exports only recorded the most meager profit on the industrial chain, regardless of the waste and harm to resources and environment, the future space of this kind of extensive development way will be cramped increasingly. In the area of investment, China should not only be wary of overheating risks caused by excessive investment, but also need to promote monopolistic industry reform, improve investment efficiency, accelerate the opening of domestic industries, especially services, guide private capital flows to industry, encourage private entrepreneurship, and effectively break the "glass Door", "Spring door" phenomenon,　　To curb the so-called "country into the people retreat" situation caused by the investment too concentrated. It is not to be denied that China's economy to achieve a dual-track innovation in technology and system, the completion of transformation is far from overnight. Changing the way of development, in the final analysis, is to start the implementation of a new round of reforms involving all aspects of the difficult level imaginable, but more worthy of expectation.