China from the world's factory to the world market

China from the world's factory to the world market

Xinhua Beijing March 9 (Reporter Zhang Yunlong leaves Occurred before) Throughout the past thirty years, China's absorption of foreign investment, develop export-oriented manufacturing sector, a world factory, and by virtue of winning the world's dazzling economic growth attention. However, the next five years or longer period of time, the world will witness the Chinese to the world market the changing role for a long time, Chinese exports cheap product processing is called the world's factory. Even before the outbreak of the international financial crisis, China's policy makers have realized this over-reliance on export development model has been stretched. Outbreak of the financial crisis and the ensuing global recession is so exposed flaws in the model exports plunged, some factories shut down or stop the future direction of economic development in China triggered a lot of discussion and controversy in recent years, has gradually formed a consensus that to consume resources and expense of the environment, lack of core technology, low value-added unsustainable extensive development, China must turn to stimulate domestic demand, thus forming external demand, domestic demand and drive economic growth pattern of the Eleventh National People's Congress drew four positive The meeting reviewed the Twelfth Five-Year Plan draft proposed to expand consumer demand as the strategic focus of expanding domestic demand, by actively and steadily promote urbanization, employment priority to the implementation of the strategy, deepen the reform of income distribution system, improve the social security system and create a good consumer environment, and enhance consumer capacity, improve consumer expectations, <

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promoting consumption structure upgrading, further release of the consumption potential of urban and rural residents, and gradually make China the overall size of the domestic market largest in the world, the draft also proposed to moderate expansion of imports of consumer goods, play an important role in the import of macroeconomic balance and structural adjustment from domestic power to the system, there are signs that China's future is more inclined to consumption growth model Analysts pointed out that as a starting point, China will enter a new stage of development , while China's successful transformation will also provide a strong impetus for the growth of the world economy after the global financial crisis, the growth economies will have better performance Academy of International Trade and Economic Cooperation Department of Commerce researcher Jinbo Song said, <

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rely on continued rapid export growth to spur economic development is not sustainable, especially for China, a country roughly the amount of China has a huge market potential, stimulating economic growth through domestic consumption was much to accomplish.

Jinbo Song said that China's transformation not only benefit their own development, but also to boost trade partners of the economy, employment, etc., for the boost world economic growth is very favorable trend towards globalization, China expand opening up, while continuing to provide the world with the same merchandise, gradually open their huge market, the rapid growth of Chinese imports has created a lot of profit and employment opportunities for other countries, so many economies benefit from official data showed China's WTO since 2001, an increase of 4.7 times the size of imports, trade total world trade has accounted for one-tenth of China's commerce minister Chen Deming said that in the next decade or so, China's total domestic market could develop into one of the world's largest market, will affect China's international trade more Large 2010 China's GDP 39.8 trillion yuan, up 10.3%, of which consumption, investment, net exports contributed to economic growth 3.9, 5.6 and 0.8 percentage points. Expanding domestic demand also contributed to the Chinese imports, China's total imports in 2010 amounted to $ 1.39 trillion, ranking second in the world to the world of China's new five-year plan to provide a more exciting prospects about Chinese market involved in the drafting.  Twelfth Five-Year Plan economist Liu He pointed out that over the past 30 years, China is facing a global industrial transfer trend, give full play to the comparative advantage of low labor costs, seize and make good use of the historic opportunity to become a global manufacturing power. Now, in the shrinking global demand, accelerate the expansion of the Chinese market backdrop, China is the formation of patterns of innovation and development, ushered in the domestic market size of largest in the world historical opportunity, however, to realize the world market another historical transformation it will not be easy for China to release Chinese people's spending power is still facing multiple difficulties although China's sustained rapid economic growth, but social security network is imperfect, inadequate sales outlets covering consumer credit markets are underdeveloped and other factors restricting the Chinese consumer McKinsey Global Institute released a research report by purchasing power had stressed that China needs to develop a model to consumers inclined, China's leaders must be from the policy of unremitting efforts in many areas, will encourage private consumption comparison direct measure, fundamental reform of the national health and pension systems, as well as a comprehensive reform of the basic structure of the economy combined (participation written: Jiang Tingting). <

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