Growth has been overestimated? path to competitive advantage? is the summer Davos, held in Tianjin, China next topic attracting global elite blogged.
"China even do world factory will no longer do ' two high and one low ' (high-pollution, high consumption, low value added) in the workshop of the world. "If we say that in the past 20 years the World Chinese business model as export-oriented, low-cost mass production, development and Reform Commission Deputy Director Zhang xiaoqiang participation in the 2010 Summer Davos Forum of this joke, the road out of the economic development of China's farewell to traditional ways.
In recent years, especially dealing with the international financial crisis, China attaches great importance to promote the economic development of the mode transition and adjustment of economic structures. Exporter of domestic demand, in particular the consumer's role in catalyzing economic growth has continued to improve.
2009 China retail sales of consumer goods, real growth 16.9% for 1986 the highest growth rate; industrial structure, the first 7 months of high-tech industry growth value up 17.7 percent, higher than the above-scale industrial added value.
From supporting more than 20 years of rapid growth mode "turned", China also high growth, sustainability has participated in the Forum debates of the elites.
United Kingdom ft associate editor and Chief economics commentator, Martin Wolf believes that China can only · maintain general growth rate. He said that China's transformation is based on domestic pull of economic restructuring, the present value of the investment. "I think that China must make the appropriate adjustments. ”
The International Monetary Fund's Special Advisor to the President believes that China can maintain its high growth. He said that the financial crisis has altered the pattern of economic growth in China, global are restructuring, value to high-end, forcing change in the pattern of economic growth in China, the world might want to see this change.
"Political stability is important, because of the strong leadership that is China's economy has very quickly realized the transformation. "The World Economic Forum Foundation Board Member, Japan Keio University Global Security Research Institute, Heizo Takenaka said that China's economic growth sources have changed. At present, China 1/3 economic growth comes from technical progress and the improvement of labor productivity. He believes that if the reassessment of purchasing power, China's exports actual only 16% of GDP — 17%, is not very high. Therefore, China should be able to maintain high growth after the transition.
United Kingdom WPP Group CEO Martin · Soto real is considered wise planning can make China in the future to maintain rapid growth. "I believe that China is in the transformation process, but also to make more improvements. I am optimistic about China's economic situation, as China's growth hit high scores. ”
But he also reminded that China's rapid growth also face many challenges: health care system is not complete, State-owned monopoly status, service industries development level is not high, finance, real estate large enterprises to continuously improve corporate governance.
Zhumin think China's future competitiveness comes from innovation. He said that China is the largest resource, the Chinese population, to develop fundamental premise is the value of population increase and increase of population value created. How to increase the capacity of human resources to create value, we must rely on innovation.
As with zhumin, Martin · Soto real is that innovation is the key, crucial. "In China, regardless of the State-owned or private enterprises are currently focused only on the domestic market, in fact, for a faster growth should go out and not only meet the domestic market. ”
And from some of the United States industrial circles that participants consider the different stages of development, China is still in the phase of the pull on efficiency, on many issues more is to take short-term solutions, if you need to sustainability of competitive advantages, education is very important.
To this end, zhumin said: "we have wasted a lot of human resources. In China now the focus of the reform should be placed in the human body, to give them the highest education and give them the best value in order to increase the pace of development. ”
Despite China's efforts to promote the economic development of the mode transition and adjustment of economic structures, but domestic demand supported growth pattern is far from being formed; industrialization and urbanization at the same time speeding up the very special period, China is facing many challenges. Competitiveness, China was the first to solve should be?
Martin · Wolf said: "China is the world's biggest exporters, the future might keep this title. Over the past 10 years, China's exports increased by 20% per year, this high speed certainly cannot remain in the future. To make the economy grow 8%-9%, you must start the domestic market. ”
Martin · Soto real, "according to our experience, China's domestic demand is very strong. As wages rise, will stimulate personal consumer, Enterprise and investment will increase. ”
Zhumin indicates, the most important thing is to develop appropriate strategies. He believes that China now has the efficiency is very high, but the problem is the lack of foreign demand, domestic demand growth, demographic change, so the strategy is very important. Not only is the national strategy, the companies, enterprises also should seriously consider forward-looking, proven strategies.
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