Yining: Macroeconomic policy should be in accordance with the situation elastic collocation

On the morning of January 17, the famous economist, in a speech at CCTV's first China economic conference in Sunday, pointed out that macroeconomic policies should be structured according to the circumstances, and that monetary and fiscal policies should be structurally adjusted. Yining pointed out that under the unbalanced conditions there will be a certain degree of unemployment and inflation rate, in the west, 3% of the unemployment rate and inflation rate is affordable, in this case it does not need macro-control.　　However, China's economy is not the same as the western economy, China's two yuan structure makes China's economic growth and unemployment has its own characteristics, because 4% of the unemployment rate does not include rural unemployment, so China does not have high economic growth rate can not solve the employment problem, the growth rate can not be down. In addition, Yining warned that in the future to avoid stagflation, for this he proposed to speed up town construction.