w88 casino News Network (Reporter Xu Shiqing Photography Wu Jialiang)“Ten years of gilding, the same lineage”,3month26日18：30, the opening ceremony of the 11th Financial Culture Festival and the Gong Liutang special session of the "Dean's Forum" were held in the International Conference Hall on the third floor of the Chengxin Building, hosted byVice Dean of Peking University Guanghua w88 casino of ManagementGong Liutang delivered a speech on macroeconomic policies and economic growth structural adjustment。Yang Fenghua, deputy secretary of the w88 casino party committee, Wu Weixing, deputy dean of the w88 casino of Finance, Teng Yun, deputy secretary of the branch party committee, and Wang Zurui, secretary of the youth league committee, attended the opening ceremony.
Yang Fenghua said in his speech that after ten years of accumulation and innovation, the Financial Culture Festival has become one of the most distinctive, well-known, widest coverage and largest participation brand academic activities in w88 casino. This year is not only a critical year for the implementation of the "Twelfth Five-Year Plan", but also an important opportunity for my country's financial development and reform. The deep-seated impact of the international financial crisis has not subsided, and a new international financial governance structure is taking shape. Under this new situation, how finance and economics majors understand the macroeconomic situation and broaden their international horizons is a question that every student and even financial talent cultivators need to think about. He hopes that the majority of students will actively participate in various activities of the Financial Culture Festival, so as to grasp the pulse of finance and feel the charm of finance while cultivating innovative thinking and enhancing practical abilities.
Gong Liutang said that the fundamental problem in the national economy lies in the structural contradiction of economic growth, and quoted the view of Vice Premier Li Keqiang of the State Council - "The adjustment of the economic growth structure does not happen overnight." He elaborated that the growth structure of China’s economy has been problematic since20It has been a chronic disease of China's economic development since its emergence many years ago. Its symptoms are mainly reflected in the insufficient private consumption amid insufficient domestic demand. Looking back at history, residents’ consumption accounts for 10% of our country’s total consumptionGDPratio from1978year48.8%Slide to2010year33.8%;Look abroad,2007The household consumption rates of the United States, Japan, and Indonesia were as high as 8640_8662|71%、57%、63%。
When talking about the impact of consumption rate on the national economy, Gong Liutang specifically mentioned1981New Year's Eve1985is positioned as “the best time for China’s economy to improve in the early stages of reform and opening up.” During this period, the country’s total consumer spending was large,GDPIncreased compared to the previous stage11%, similar ones1991To1995Year,1996To2000year, consumption rate vs.GDPThe contribution of growth can be seen from this. In addition, compared with the fluctuating investment rate and export rate, changing economic growth to rely on consumption is also an appropriate choice to maintain economic stability.
Subsequently, Gong Liutang systematically analyzed the reasons for the unreasonable economic growth structure: first, unequal income distribution, second, insufficient government investment in education, medical care, health, and social security, and third, low residents’ income and income growth rate. Focus on1994When the tax-sharing system was reformed, he found that this "reform" corrected many shortcomings. The impact of fiscal decentralization on the development of non-state-owned economies is inverseU10427_10563
Gong Liutang puts another focus on the income gap between urban and rural residents. “On average, the income of urban residents around the world is approximately that of rural residents1.6times, more than2There are only three countries with double the number, and China is one of them. "He believes that although the statistical standards of urban and rural income are different, the trend of widening gap between urban and rural Gini coefficient should still cause warning. "The Gini coefficient reaches0.5What is the concept?20%Owned80%’s income,80%Owned by20%'s income is almost the same. ”
In response to the above shortcomings, Gong Liutang developed his own "prescription", the core of which revolves around the improvement of the distribution structure and the plan to promote the growth of national income. He explained in detail his suggestion on "limiting government power" - "Different types of government spending have different impacts on the economy. Current account expenditures are helpful to economic growth, but capital expenditures have no significant effect on economic growth. For example, government investment in education and transportation sometimes has a negative impact on the economy." He emphasized that China's top-level design requires far-sighted strategists. For an economy that is not expected to be good, active fiscal policies will not only be difficult to stimulate consumption, but will further aggravate the negative effects.
The audience responded positively to the questions raised by Gong Liutang in his speech, and discussed hot social issues such as the reform of the interest rate spread structure of deposits and loans with him, sparking sparks of thinking.
It is reported that the Financial Culture FestivalIntegrating academic, cultural, practical, innovative and educational aspects, it aims to use the latest form to provide students with a platform to travel through the financial palace and show their true style,Invited successfully so far40A number of distinguished academics were guest speakers, including internationally renowned economist Zhang Wuchang, former Chairman of the China Securities Regulatory Commission Liu Hongru, author of "Currency War" Song Hongbing, etc. The event was hosted by the Student Union of the Youth League Committee of the w88 casino of Finance of w88 casino.
