[Editor’s note] After Wang Ling, secretary of the w88 casino party committee, gave a special report on "Teacher Quality and Teacher Ethics First",12month12On the morning of the same day, the second lecture of the "w88 casino Young Teachers' Lecture" began. Professor Lin Guijun, the vice president of the w88 casino, brought a theme to young scholars“Transformation and innovation, building a high-quality opening-up system” was a wonderful lecture. The event received great attention from the China News Service and other media.
Expert: Building a high-quality opening-up system requires deepening reforms in five areas
China News Service Beijing12month12Nippon(Reporter Ma Haiyan) Well-known economistLin GuijunToday said that if China wants to build a high-quality opening-up system, it must deepen reforms in the following five core areas: further reforming the import system, simplifying foreign investment approval, making capital accounts freely convertible, expanding the opening of the service industry, and w88 facilitation.
Bodyw88 casinoVice President Lin Guijun made the above remarks when interpreting the relevant spirit of the Third Plenary Session of the 18th Central Committee of the Communist Party of China to teachers and students at the young teachers' lecture hall of the w88 casino today. He believes that the import system that needs further reform includes: promoting competition and accelerating industrial structural adjustment; increasing domestic foreign exchange demand, reducing w88 surplus, and stabilizing the RMB exchange rate; optimizing the tax structure and reducing the import tax burden; introducing advanced technology and equipment to promote economic transformation.
Lin Guijun particularly emphasized the need to open up the service industry, believing that the opening up of the service industry will enhance the competitiveness of this field, expand the market size, increase product diversity, reduce prices, and overcome the current bottlenecks in development. In order to promote industrial upgrading and develop high-end manufacturing, it is necessary to expand the opening of related support service fields such as transportation, logistics, energy, infrastructure, business services, R&D, consulting, auditing, and lawyers.
Lin Guijun listed the numbers and said,1978To1993Year ChinaGDPGrowth rate is9.7%；1993To2003Year ChinaGDPGrowth rate is9.6%. RightGDPThe biggest contribution is capital/Labor, from1978To1993Year3.2%Increase to1993To2003Year5.3%, followed by labor productivity growth, from7.0%Increase to8.4%。
While employment growth and human capital improvement are important forGDP's contribution declined instead of rising. Employment growth in1978Year to Year1993Year pairGDP’s contribution is only2.5%, whereas to1993Year to2003Year down1.1%. Human capital improvement vs.GDPalso contributed from0.5%Down to0.2%. Lin Guijun said that this shows that the general improvement in people’s education level has not had a positive impact on theGDPIt has a significant effect. China's economy is still driven by investment and dominated by industry, and there is overcapacity in the manufacturing industry.
Another set of data listed by Lin Guijun is: China’s per capitaGDPGlobal ranking86position, labor productivity ranking82bit. Compared with the United States, China’s steel consumption is that of the United States6.6times, copper is4.1times, while personal consumption is only that of the United States20%, the scale of retail industry is only70%, the stock market value is only30%. This shows that although China has become the world's second largest economy, there is still much room for improvement in resource utilization and labor output ratio.
Lin Guijun believes that the core of reform in the new era is to straighten out the relationship between the government and the market. If the market is to play a decisive role, improper government intervention will only increase the cost of economic operation. Market competition, including international competition, can mobilize the enthusiasm of all parties and promote industrial upgrading and innovation. Promoting reform through opening up is ultimately to create an environment where state-owned enterprises, private enterprises, and foreign-funded enterprises can coexist on an equal footing.
Attachment: Original report link
http://finance.chinanews.com/cj/2013/12-12/5614047.shtml
