The 8th China Management jointly sponsored by "Yingcai" magazine, Beijing Youth Daily, Sina.com, and CCTV Economic Channel100Annual Meeting and Double Ten Management Ceremony12month5日Held in Beijing, Sina Finance broadcast the entire meeting live. The picture shows Zhang Xinmin, Dean of the w88 casino of International Business at the w88 casino, speaking at the first forum.

The following is an excerpt from the speech:

Host Wang Ran:I also want to ask nowZhang XinminSir, 4Most of the trillions of policies to stimulate domestic demand are directly used for government investment and infrastructure investment. In your opinion, this4Can one trillion really play a role in improving our country's relatively high economic growth?

Zhang Xinmin:We now emphasize harmonious development in investment, so how can the entire economic structure of our country, including the central and western regions and coastal areas, be reasonably laid out? This is an investment led by the government. In the short term, I dare not say whether it is necessarily scientific, because this scientific decision-making seems to require certain procedures and processes, but what must be done in the short term has been accomplished.

If we don’t do this, investment in our companies will depend on entrepreneurs’ keen analysis and long-term research on the industry. We doubt whether our officials can do this. Because many officials consider macro-level things, they do not think like entrepreneurs when allocating resources. They have to consider some professional things. Therefore, when there is no appropriate market demand for management, operation and sustainable development issues after investment, and we want to create such an investment, the final result may be3、5After 10196_10240|years, or even for a longer period of time, the new economic structure will be out of balance, and even a new kind of adjustment will incur huge social costs.

Host Wang Ran:Just now Nanpeng also mentioned that more capital investment is for enterprises, so there is also such a problem when large government investments are made. So the intermediate links actually consume a lot of capital?

Zhang Xinmin:It is difficult to quantify. Under such circumstances, what kind of needs do we have? Is it a purchasing power problem, a structural problem, or other problems? In fact, this is not something that can be made in just a few meetings.

(Original text:《Zhang Xinmin: Worried that society will pay the price for the imbalance of economic structure》December 5

Original link:http://finance.sina.com.cn/hy/20081205/11465596057.shtml ）