To economic restructuring to address the financial crisis – financial, economic
In their present context of the international financial crisis, China's economy and the importance of corporate restructuring has become increasingly prominent. Has emphasized the central level, the face of adverse international economic environment, to adjust the economic structure and change the way development to enhance development and promote sound and fast development of economy and society.
Reform and opening up, China closely around the theme of development and structural adjustment as the main line, to achieve structural adjustment of economic growth and positive interaction. Nevertheless, China's economic and social development in the structural contradictions are still very prominent, mainly investment and consumption, the imbalance between domestic demand and foreign demand; agricultural foundation is weak, the development of lagging service industry, economic growth is mainly driven by secondary industry, the situation has not changed; urban and rural, regional development gaps and Income disparity has not fundamentally reversed so the task of restructuring is still very difficult.
Should be acknowledged that in recent years, although the total demand of China's economy relatively strong, but declining year by year the proportion of domestic demand, resulting in excessive dependence on external demand growth, pressure on the domestic effective demand, increased the risk of external shocks. The current deterioration of external demand environment, just to prove over-reliance on external demand growth patterns unsustainable. However, the crisis is always and opportunities, China Development Research Foundation, Tang Min, Deputy Secretary-General
Analysis Said: "In the current world economic situation, our exports will decline, but that is the export-led growth into domestic demand-led growth in good time."
A deeper level, compared with investment and exports, consumption is the final demand is the driving force of economic growth, long-term. Economist Shen Ming Gao said recently, "to prevent a hard landing for the economy or even the only significant downside safe route is to stimulate consumption." Macro economy of China Academy of Social Sciences director Zhang Xiaojing said: "Whether from the current or long term, only to shift the focus to expand domestic demand, especially consumer demand, can it enhance the coordination of economic development, enhance the economic ability to resist risks. "
Then, China's consumption potential in the current like? It should be said that the current consumption of great potential, but its growth was slowing revenue growth, reduced wealth effect, the real estate downturn and other multiple factors. Statistics show that China's consumer confidence index in the third quarter, down 0.3 percentage points sequentially. The good news is, we have seen in recent national-intensive stages of deposit issued a temporarily exempt from interest tax, a substantial increase in minimum grain purchase prices, and food and agriculture subsidies, lower taxes on home sales and housing lending rates and other measures, which will undoubtedly enhance the consumer by confidence and stimulate consumer demand.
To the long term, the infrastructure is in fact not the major bottleneck in China's economic development, education, inadequate health care and other public goods, is the constraints of economic and social future of the main factors, the people's livelihood in the field of investment should be the focus of future investment. Further recommendations, the Government should adjust the distribution of national income, improve housing, health care, pension and other social security systems to co-ordinate resolve the problems affecting current consumption of the systemic issues in order to reduce and eliminate the worries of the residents to expand consumption, so that people willing to spend money , dare to spend money.
For businesses, the current crisis is also its distribution and product mix to produce the opportunity to upgrade. Glanz, president Yuyao Chang said in previous years capital
Market Hot, many manufacturing companies to invest in the real economy should be a lot of money into stocks, property, losses in economic crisis, and now the fact that, the sound operation of sustainable development more conducive to business. Association of Vocational Education, vice chairman of Ma Guoxiang that the development of entrepreneurial economy is to improve the capability of independent innovation and building innovation-oriented country necessary precondition, but also to achieve optimization and upgrading of economic structure adjustment and fundamental way.
In fact, many companies are to face a crisis, focus on enhancing independent innovative capability, increase market development efforts. Million and the Group Executive President Yeyuan Zhang said, effectively improve the operating efficiency of enterprises is the key to master the core technology, the sales structure upgrades. Meanwhile, enterprises should also be clear, versatile is the basic quality of the companies facing closures can be alive to see from the financial crisis, industrial restructuring opportunities.
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