Professor Zhang Chunmin Talks About The Macroeconomic Situation And Policy In The Central Plains Lecture Hall.

On the morning of September 21st, the fifth lecture of "Central Plains lecture hall, Henan Museum Hall", hosted by the Henan Provincial Social Science Federation and the Henan Museum, Henan Song Yang culture, Changda lecture hall and Dahe net, was officially opened at the Henan Museum in 2014.

Professor Zhang Chunmin, the famous economist, gave a lecture on the lecture.

At the beginning of the lecture, Mr. Zhang Chunmin first explained the relationship between the market mechanism and the government regulation with the combination of history and theory. He explained in detail the economic history of the western industrial revolution in the past two hundred years, and combined the economic theories of Keynes and Marx, and based on the current situation of China, analyzed and criticized the concept of the main stream economics one by one.

He believed that although Keynes had been greatly disputed in the western countries led by the United States after 1970s, its policy pattern was gradually applied in China after the reform and opening up.

Economic takeoff has also led to a large number of social contradictions, such as uneven distribution, environmental pollution and performance projects. Therefore, China's economy must reform its system to develop.

China's macroeconomic policy

The three carriages of China's GDP growth are consumption, investment and net exports.

At present, the current situation of "three carriages" in China is:

Consumption accounts for a relatively low proportion.

When consumption is not up to date, it can only rely on investment, making investment rate rising, the gap between rich and poor is expanding rapidly, and the wealth of public sector and industrial and commercial people is rapidly accumulating.

Zhang Chunmin said: "the reasons for this phenomenon are: first, the rich and the poor.

The reason why domestic consumption is difficult to grow is not that the Chinese do not want to spend, but the income is too low. Second, the income gap is getting bigger and bigger, the difference between the first distribution and the two distribution is unreasonable, leading to the increasing income gap in different levels and different fields. Third, the cultural level also has a corresponding impact on China's economy. The savings tendency of the small peasant economy and the particularity of the Chinese consumption function are the independent variables of the family, rather than the individual, the abnormal influence of the chaos of the Chinese values on consumption, and the imbalance of the overall social distribution structure, which makes the cost structure unbalanced, and further leads to the industrial structure.

Thus forming a vicious circle. "

The proportion of investment is too large.

The cause of this situation is the result of China's government system, that is, the rapid growth of government investment, resulting in the expansion of China's capacity gap, and the long-term reliance on investment to drive the economy becomes unrealistic, thus exacerbating the imbalance of economic structure.

On the export side, the degree of dependence on foreign trade has risen too high, and no competitive core products and technologies have been formed.

Mr. Zhang Chunmin said: "China always has such an idea in terms of institutional arrangement, how much foreign currency it exports, how much foreign exchange it gets, reserves, hedges, and issues RMB, resulting in inflation becoming the inevitable result.

The main problem is that we do not grasp the pricing power of foreign exchange, so there is such a passive situation today.

China's macroeconomic situation

At present, Keynes doctrine is still the leading policy of China's macro policy.

Zhang Chunmin put forward his own view: "macroeconomic development must be based on institutional reform.

First, the direction and standard of reform -- who is the foundation and how to advance it;

To increase the reform of state-owned enterprises.

State owned enterprises are still the leading role of China's socialist economy, the carrier of Chinese laborers' interests, the important foundation for China's macroeconomic stability, and the bridge for future development of laborers. Third, to build core industries and occupy their own seats in the competition with international monopoly capital, instead of followers and followers; fourth, what is the theme of the new urbanization, and what should be done in a systematic way?

There is still a long way to go for development. We must think carefully and move forward steadily. "

At the end of the lecture, there was also a raffle event sponsored by Cheong Yue LAN. The audience, while gaining generous prizes, further enhanced their cultural accomplishment, and the spiritual realm was even higher.

[speakers]

Zhang Chunmin, a famous economist, a management scientist, a Postgraduate Tutor, the founder of China's main economics, the Henry Fok education foundation, the eleventh outstanding young teacher award winner, and one of the earliest advocates of harmonious society.

Focusing on the basic theory of Marx doctrine and the theory of macroeconomics, he taught more than ten courses such as macroeconomics, microeconomics, public economics, contemporary Chinese economic theory, political economics, and economic methodology. He held and participated in 8 Chinese Post Doctoral Fund, the soft science foundation of the Ministry of science and technology, and the key scientific research projects of the Ministry of agriculture. He published more than 30 papers and published 6 books at home and abroad.

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