No stable, President and prime minister to Xi xi jinping, li keqiang, who is set to be confirmed in March, have to provide a kill, they say now need to solve a series of financial, industrial and income imbalance, threatening the future of China reform opportunity.
If closed a the world's most wide the gap between rich and poor, or put a dangerous real estate bubble, can create a rebound, can even break the communist party's grip on power.
"Stable growth
"Xiang said," they must be preferred.
Inflation LEGACY
Many analysts say the most important, to ensure that the growth rate of 7.5%, won't deviate far to be set in 2013 goals in China's annual meeting, the parliament march - speed too slow work in danger, too fast and speculative investment activities in the jump.
2008 years of the last few months to provide the latest precedent.
At that time, in the global financial crisis to buy the world trade to a nearby pause, the cost of the estimated 20 million work in China, and force Beijing to 4 trillion rush yuan ($640 billion) stimulus package, inflation of real estate bubble and send the local government infrastructure as the leadership, lending panic.
China hit, because of containing inflation and RMB 10.7 trillion yuan, and local government debt produce.
Beijing don't relish a repeat, so must take action, some nasty, since 1978, China has been followed by export as the leading factor, the factory drive development pattern inherent imbalance.
The new leaders must find a way to world class manufacturer is numerous, cheap, assembly line exporters, at the same time make domestic consumption to economic primary key, in order to ensure economic growth more balance.
Deep-rooted inequality
The most significant imbalance is the population of 1.3 billion people.
China has 2.7 million U.S. dollars richer and 25.1 billion millionaire, according to hu run rich, but 13% of the people live in less than $1.25 according to every day of the United Nations of data, and in an average annual disposable income of urban only 21810 yuan 3500 yuan.
"Is the root cause of the economic growth mode of the inequality more than thirty years ago, the Asian development bank of China's economy in charge of the unit, yolanda · fernandez said:" Lommen.
Implementation of comprehensive reform, we must solve the main restricting factors, "she said."
See many analysts believe that China's most urgent reform project change census register, registered permanent residence, rules, solve the inequality, expand domestic demand, adjust the core economic growth dynamic economy.
The rural labor force from 25 billion to about 1.58 million migrant workers in cities, but was refused access services, such as health and education, forcing them to save hard disk.
HSBC bank analysts think, change the hukou to create wealth, as a union of two line development and the top of the developing countries, to 2020 will become China's 31 provinces is equivalent to the poor, the third world countries.
McKinsey study predicts that by 2020, the disposable income of between $16000 and $34000, 51% of China's urban households will become the mainstream of global consumption. In 2010, the proportion is 6%.
Domestic consumption
Increase domestic consumption, reducing reliance on exports.
The value of exports 30% the left and right sides, China's gross domestic product and foreign demand or foreign investment enterprise support an estimated 2 million Chinese people work.
A faltering demand from foreign debt of the European Union and the United States financial challenges is 2012 years of cooling the root cause of the growth.
But with exporters such an important economic contribution, this doesn't make any sense, close them. On the contrary, Beijing to promote China's enterprise's value chain.
However, this will lead to and foreign trade partners, tensions for Chinese enterprises to seek simple before assembly and delivery, for overseas customers design and product development.
China's first big TV makers TCL group, says it needs the global scope to innovation and competition, even in domestic.
"In China, we have built a solid foundation, from which we can go to the world, but the market of China are not large enough. In the Chinese market television is only about 20% of the global total," said yu li, TCL group co., LTD., chairman of the board and CEO.
Lee, said his company global have twenty such base, establish manufacturing capacity for TCL overseas market goal is effective in price.
This may be a good help China loosen body and mind of another major imbalances - dollar $330 trillion of foreign exchange reserves, is the world's largest a heap.
Reform, make Chinese enterprises to invest more freely abroad, will solve the implementation of strict control, need a lot of yuan inflation printing house include capital flow imbalance.
Rating agencies fitch ratings suggest a wide range of financial liberalization.
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