Sang Baichuan: Expanding domestic demand is difficult to achieve in the short term and external demand cannot be abandoned

("ifeng.com Finance"2010Year11month10日）

Sang Baichuan, Dean of the Institute of International Economics, w88 casino (Photo source: Phoenix Finance)

ifeng.com Financial NewsDirector of the Institute of Foreign Economics, National Development and Reform CommissionZhang YanshengAnd Sang Baichuan, Dean of the Institute of International Economics at the w88 casino, visited Phoenix.com for a chat“Where are the big countries going? Series planning on changes in foreign w88”. When talking to Phoenix Finance, Sang Baichuan said that expanding domestic demand is not easily achieved in the short term, and at the same time, we cannot neglect the stable growth of external demand. The following is a transcript:

ifeng.com:“Twelfth Five-Year Plan”The planning recommendations not only mention further promoting foreign w88, but also emphasize expanding domestic demand and stimulating consumer demand. Foreign w88 in China“Twelfth Five-Year Plan”During this period, what position does it occupy in China's overall development strategy? What is its relationship with stimulating consumer demand?

Sang Baichuan:I think the expansion of domestic demand and the development of foreign w88 are not a substitute relationship. We cannot think that foreign w88 is not important just because of the expansion of domestic demand, or in“Twelfth Five-Year Plan”During this period, we will focus on expanding domestic demand and ignore foreign w88 work. Because from a micro perspective, with the development of enterprises themselves, almost more and more enterprises will become global enterprises, regardless of whether you are directly engaged in globalized production and operation activities, or whether you are facing globalized production conditions.

Any of our enterprises has a global perspective. At the micro level, enterprises are global. It determines where to sell products, whether to meet the final consumption needs of domestic consumers in the domestic market, or to move towards the international market. This is a choice of the enterprise's own business strategy. It cannot be said that when I expand domestic demand and the domestic market demand expands, then I give up overseas markets. There will definitely be many companies that regard overseas markets as an important area of ​​their marketing.

So, from a micro perspective, you cannot find the conditions that expanding domestic demand will replace exports and foreign w88. The two are not a substitute relationship. And from a short- and medium-term perspective, expanding domestic demand is not simply about expanding investment in fixed assets, but about expanding final consumer demand, and the expansion of final consumer demand is very difficult. We generally say that one of the factors that determine final consumer demand is disposable income and the other is expectations. The growth of income is a process that changes people's expectations for the future and makes them more optimistic about the future. People who have money to spend can also solve the problem through a series of reforms such as improving the social security system.

So we have a lot of hard work to do in adjusting the distribution structure, improving people's living standards and improving people's expectations. Expanding domestic demand cannot be achieved easily in the short term, and at this time we cannot neglect the stable growth of external demand.

Link:

http://finance.ifeng.com/news/special/foreigntrade/20101110/2858557.shtml