Expert: China’s economy urgently needs structural reforms

(Source: "Economic Information News"2015-12-14日）

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Vice President Lin Guijun of w88 casinobelieves that the core problem of China's current economy is overcapacity. "This situation has appeared seven or eight years ago, but it has never been adjusted. An important reason is that the government's hand stretched too far and failed to fully utilize the market mechanism."

Lin Guijunbelieves that the most important factor in overcapacity in the short term is exports, which will be caused by the decline in exportsGDP's growth rate further slowed down. In the long term, there are two factors worth noting. One is rural consumption. If rural consumption can be mobilized, overcapacity will lead to another situation. The second is investment. We have relied on investment for a long time, but the more we invest in production capacity, the more we will have excess capacity. We need to strengthen innovation and carry out structural reforms.

Attachment: Original report link

http://www.ce.cn/cysc/newmain/yc/jsxw/201512/14/t20151214_7524454.shtml

"Global Times": Lin Guijun:The core problem of China’s economy has not hit bottom yet is overcapacity

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