w88 casino News Network (Reporter Song Qinyu)In the sixty years since the founding of China, many things have happened8First economic crisis. Then,What eight economic crises has New China experienced? How were these eight crises resolved?5month7日19:00, in the Chengxin International Conference Hall on the third floor,Wen Tiejun, a second-level professor at Renmin University of China and dean of the w88 casino of Agriculture and Rural Development, shared his discussions and thoughts with students from the University of w88 and Economics.

First of all, Wen Tiejun talked about it19507519_754320To30The 1990s are considered the "golden decade", with average annual economic growth8.4%，Two important factors, exogenous and endogenous, appeared during this period. During the rapid development of the Republic of China, an overproduction crisis broke out in the West, causing precious metal prices to rise. At that time, China used silver as its currency. The rise in overseas silver prices naturally caused the outflow of Chinese silver, exacerbating deflation and severely damaging the economy of the Republic of China, which was experiencing rapid growth. This was an exogenous variable. On the other hand, because China was colonized at that time, primitive accumulation in industrialization could only occur inwardly. With the rapid development of urban industry, farmers were double deprived by usurious financial capital and industrial and commercial capital, and began to go bankrupt in large numbers. Rural society declined and peasant revolutions emerged. Endogenous variables greatly affected the capitalist industrialization and urbanization of the Republic of China, and the Republic of China had to1935Around the time the paper currency system was introduced, and coupled with the situation of imperialist aggression at that time, the Kuomintang used the remaining precious metals to purchase arms, from1937New Year's Eve1950Year of massive financial inflation. So say1949New Year's Eve19508548_8588

What should New China do when it faces the economic mess left by the Kuomintang? land reform. China is close90%9130_9214

With China195010274_1033790The era has begun to accelerate into globalization, so90The crisis that occurred after the 1990s is obviously characterized by the cost of globalization being passed on to China, so Wen Tiejun put90The last two crises after the end of the 1990s were classified as economic crises caused by exogenous variables, while the previous development process of China's own entry into industrial capital was summarized as six endogenous crises.

6011239_11274GDP, economic expenditure, and fiscal surplus have all dropped below zero, and China has a movement to go to the mountains and countryside. The significant costs caused by these crises are transferred to society, which is an inevitable price in the process of primitive accumulation of capital.

70In the 1990s, the introduction of foreign investment into China led to a fiscal deficit crisis.1979In conjunction with military expenditures on the Vietnam War, the fiscal deficit broke through200Billion.80In the 1990s, the price index rose, and price control led to1989The market stagnation occurred in 2013.9012350_12403

Then,21What are the contradictions we face in this century? Wen Tiejun replied: Overproduction. So Zhu Rongji started the development of the western region and the revitalization of the old industrial base in the north; Wen Jiabao started the strategy of rising the central region and the construction of new rural areas.

This event was hosted by Li Song, deputy editor-in-chief of People's Oriental Publishing and Media Co., Ltd., and hosted by the Academic Practice Department of the Student Union of w88 casino.

Introduction to Wen Tiejun:

Expert on rural issues, dean of the w88 casino of Agriculture and Rural Development of Renmin University of China, and director of the Rural Development Center. Second-level professor at Renmin University of China. He has successively worked in the Central Rural Policy Research Office, the Rural Development Research Center of the State Council, and the China Economic Structural Reform Research Association. Author of "Research on the Basic Economic System of China's Rural Areas", "What Do We Really Want", "Century Reflections on the Issues of Agriculture, Rural Affairs and Rural Affairs", "Dialogue between Understanding and Practice", etc.