Urgent Essay Question China s development under the financial crisis

Hello, is it okay for the development of small and medium-sized enterprises, processing industry, and **?

The so-called mode of economic growth refers to the way in which the inputs of various factors of production and their combinations are used to promote economic growth, and its essence is what factors to rely on, with what means, through what channels, and how to achieve economic growth. China's rapid economic growth has been achieved to a certain extent by relying on extensive input of production factors such as capital, labor, and natural resources. High consumption in exchange for high growth is inevitably high emissions, high pollution and low efficiency.

The labor productivity of China's secondary industry is only 1 30 in the United States, 1 18 in Japan, 1 16 in France, 1 12 in Germany, and 1 7 in South Korea. The output efficiency of resources is much lower than the international advanced level, and the output efficiency per ton of standard coal is equivalent to that of the United States, the European Union and Japan. The contradiction of more people and less land in China is very prominent, but the problem of inefficient utilization is also very prominent, some places blindly set up various types of development zones, and the land idle rate after land acquisition in development zones below the provincial level is as high as more than 40%.

The very acute contradiction between resources and the environment brought about by extensive economic growth is an unavoidable bottleneck in the process of further economic development. Under the extensive economic growth model, the positive proportional relationship between production expansion and resource consumption, production scale and environmental degradation cannot be transformed through economic growth, on the contrary, the more production expands, the more these contradictions are intensified. Therefore, only by speeding up the transformation and thoroughly changing the extensive economic growth model can we alleviate and fundamentally resolve these deep-seated contradictions and problems that restrict long-term economic development.

I think that China's transformation, if feasible, will affect China's future development in the next 2-5 years, and my biggest concern is whether the development of finance can effectively play a leading role, especially whether the impact on housing prices can be changed, is still a very slow process.

On a financial level, the impact of the financial turmoil on China may not be too great. Because China's financial system is not yet in line with the rest of the world and its currency is not yet freely convertible, Chinese policymakers have been very cautious about buying foreign assets. The second level is the real economy.

According to the latest "World Economic Outlook" report released by the International Monetary Organization on the 8th, the financial crisis is causing the world economy to enter a period of "severe downturn". The growth of developed countries in Europe and the United States has slowed down sharply, and some countries have even experienced negative growth. In this situation, the import demand for Chinese goods will shrink significantly, which will have an impact on China's GDP growth, which is highly dependent on foreign trade.

The third level is the question of faith. At present, China's first and entrepreneurs are still relatively optimistic about China's future economic stability. However, in the face of the international economic downturn, will they still increase investment when confidence is affected?

This is a problem. In any case, the slowdown in China's economic growth is already a fact, according to Daico. China's economic growth forecast for 2008 is already down two percentage points from last year, and next year's economic growth is likely to be even slower.

However, China's economy is still growing, inflation is still under control, and the Chinese economy is far from the risk of "stagflation". Deco said that Chinese often say that risks and opportunities coexist, and he agrees. China is playing and will play an even more important role in this economic crisis and in the future world financial order, that is for sure.

In terms of purchasing power, China has contributed more than 10 percent to global GDP, while the European Union and the United States have contributed more than 20 percent. China's importance in the international economy is self-evident. For the foreseeable period of time, China will become one of the world's largest investors, and China's rights and responsibilities in the international economic order will inevitably increase, and China will not only be a participant in the world economic and financial order, but also a formulator of the new order.

The root cause of the current international financial crisis is the subprime mortgage crisis in the United States.