Long explained the financial crisis: for small and medium real "national treatment" - Long - office supplies industry
[ HC office supplies network ] The global financial crisis on the Chinese Economy "bottomed out" yet? When the "bottom"? How to face the financial turmoil sweeping the globe? Chinese Pen Association at (expand) Secretary-General of Boao Forum for Asia forum Long Focus on the candid exchange of views with you, to give his unique interpretation of the economic perspective.
Secretary-General of Boao Forum for Asia Long "Americans are sick can not say that the Chinese people will certainly might win"
"The worst financial crisis phase is over, though not yet bottomed out, but has entered a stable stage." Long said, the U.S. economy shows signs of abating, the global economic recovery will begin next year, Europe will slow number. The face of financial crisis is the most important word: confidence. Must not overreact, causing panic.
Confidence come from? Long considered the first scientific analysis to accurately assess the impact of financial crisis on China have much in the end: From the beginning of the economic crisis in the United States is the essence of the financial crisis, the impact of the largest financial market and monetary system, the impact of China's financial market is limited. Because in China, financial crisis, the funds generated strand breaks, severe liquidity conditions and causes of obstruction does not exist. According to Central Bank statistics, the financial crisis caused by direct losses 1.5 trillion U.S. dollars, less than 10 billion U.S. dollars in China, financial assets to be significant. Currently, the healthy development of China's banking sector, the people debt ratio, the public debt ratio is very low, but did not open China's capital market fundamentals. Can not say that the Americans got sick Chinese are sure to get sick, we do not have "sick" of the basic conditions for a global tsunami has not reached the China, on China's financial system is not causing serious damage.
Of investment, consumption, export "troika" of the operation, he thought, because a small proportion of foreign investment with huge capital outflow did not occur; the effectiveness of expanding domestic demand began to appear, although exports suffer a greater impact However, a substantial decline in exports is relatively high growth rate in the past on the basis of the drop occurred, essentially normal, can bear. Of course, many export enterprises will be huge, but more difficult in other countries. Overall, the financial crisis on China's real economy is limited, not a devastating blow, will also gradually reduced. The economic rise of China in the young of the financial crisis on China's economy is temporary, partial reversible, the second half of this year or early next year is expected to change the trend of economic decline.
To give priority to employment "Do their own thing can overcome the financial crisis." Long that need to follow China's basic national conditions, to re-examine, think economic development issues. Labor-intensive industries such pressure is not fair. As a big country of 1.3 billion people, there are 200 million migrant workers, do not solve the employment problems of these people, there is no basis for economic development. If the financial crisis on China's real impact, then, is massive unemployment. Employment must take place first of all policy objectives. Scientific concept of development is the core of people-oriented employment is Basic Thing. Consensus on this issue, on how to support the development of enterprises will have a new understanding. He frankly stated not in favor of saving the property market, stock market, that first of all to save businesses, to support enterprise development as a fundamental issue to address the financial crisis. As long as there is product market, they should fund, provide policy support, especially labor-intensive industries to solve the employment problem of the peasants. To develop the manufacturing firm, it is a revelation of financial crisis, but also the strengths of China's participation in economic globalization and comparative advantage. China's economy is based on manufacturing, not only long but also accelerate development. Many low-value-added industries unbearable challenge the financial crisis, which is the soft underbelly of China's manufacturing industry, gaps, needs the development of advanced manufacturing, strong support for SMEs.
To SMEs truly "national treatment" Long talked about, first of all to solve the problem for SMEs to address the question of perception, discrimination should be discarded, especially small and medium private enterprises thinking, give them a real national treatment. He compares the large enterprises are the backbone of China's economic structure, while the flesh, is the most dynamic part of the SME. Vigorously developing the economy, must rely on a large number of SMEs. SMEs and strength, withstand the test of risk is the inherent meaning of economic power. As long as job creation, wealth creation should be treated equally. Deep sized Enterprises to enter the monopoly industries and so on, be open to foreign-funded enterprises to private enterprises and opening up, to break the industrial monopoly, reducing barriers to entry.
Financial crisis caused major turmoil in the global corporate, large restructuring, breaking the long-term maintenance of the pattern of global industry. Hope of change in the global industrial chain, play a leading role in China's best companies to seize the opportunities, integration of resources and to build China brand. Excellent buy technology industry in China, mergers and brand promising. How to seize the opportunity to expand domestic demand, using the Chinese domestic market to build brand? Long said the market may be the world may have to brand the market, the domestic market as the incubator of international brands is entirely possible. Use of the domestic market, expanding domestic demand is a good opportunity to train domestic brands, we should look further ahead. Household appliances, automobiles, light industrial products to address the financial crisis in the countryside is a good measure, but to aim at best in the world, the highest standards of research and development market. While close observation, must not give up foreign markets.
"The current financial crisis, many enterprises, is an opportunity to change the idea of reflection, positive environment." Long hoped that entrepreneurs in the financial crisis and turmoil in thought. Source: Kunming Daily
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