Hu Zuliu s life experience, Hu Zuliu s profile

Hu's research interests include macroeconomics, public finance, international and financial theory. One of his research findings, the Global Competitiveness Report, has a wide impact on the international community. Since April 1996, he has been a professor at the School of Economics and Management of Tsinghua University and the director of the China Center for Economic Research.

Member of the Expert Advisory Committee of China Huarong Asset Management Corporation.

Hu Zuliu, a former executive director of economic research at Goldman Sachs Investment Bank, has left his job. There are several reports that they will join the private equity industry in the future. He was the Chief Economist and Head of Research at the World Economic Forum in Geneva-Davos, Switzerland.

From 1991 to 1996, he served at the International Monetary Fund (IMF), successively working in the Asia-Pacific Bureau, the Bureau of Fiscal Affairs and the Bureau of Research, engaged in economic research, and participated in macroeconomic policy consultations and technical assistance to many member countries.

Hu Zuliu: Only slavery can be compared to the household registration system.

On April 7, 2013, Hu Zuliu, chairman of Spring and Autumn Capital, said at the Boao Forum for Asia, "Compared with slavery, the hukou system should be abolished, and there is nothing to reform. He pointed out that the hukou system has led to "second-class citizens", "like Beijing, where you can't buy a house without a hukou." "Only by abolishing the household registration system can we promote the transformation of the first function.

Hu Zuliu said that the hukou system does not meet the needs of China's modern society and modern market economy, and only after the abolition can we promote the transformation of the first function, strengthen public services, including medical insurance, pension, provide public education and a better environment, "so that China's urbanization should have a very bright prospect."

The hukou system is a unique arrangement in China, we introduced the hukou system after the founding of the People's Republic of China, at that time it was a planned economy, the entire employment opportunities, food, housing, consumer goods are very scarce, it is a shortage society, so the introduction of the hukou system is convenient for unified arrangements, you can get enough food every month in state-owned enterprises or people living in the city, etc. It should be said that this system is also a temporary and short-term domination of the economy of the United States, because of the shortage had to be arranged in this way, and it was continued like this. I think this system is very, very irrational."

He further pointed out that the inefficiency of the hukou system has led to the potential of the surplus labor force not being realized, "In the 90s, agriculture as an industry accounted for less than 15% of China's GDP, but 70% of the labor force was in agriculture. ”

At the same time, it has caused the existence of "second-class citizens" in the city, "although your personal mobility can be measured, you are still a second-class citizen, you can't really enjoy your children's schooling, and you can't be covered by pension insurance and medical insurance, like Beijing can't buy a house without a hukou, you can only live in shantytowns and slums." Such a system is neither efficient nor fair. ”

Talking about the prospect of urbanization, he said, "We have Australian friends on the stage, talking about the difference between the Australian population and the Chinese population, we create a new Australia every 2 years in China's urban population, the urbanization process of infrastructure, housing, consumption, social services huge demand, China's domestic demand to drive many people is very pessimistic, it is impossible to rely on domestic demand, rely on exports, I think China is the most qualified to achieve domestic demand consumption to drive economic growth of the economy, I am very optimistic about China's urbanization." ”

Hu's research interests include macroeconomics, public finance, international and financial theory. One of his research results, the Global Competition Lead Difficulty Report, has a wide impact on the world. Since April 1996, he has been a professor at the School of Economics and Management of Tsinghua University and the director of the China Center for Economic Research.

Member of the Expert Advisory Committee of China Huarong Asset Management Corporation.