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China's problem is that in recent years, it has been relying on investment to drive economic growth, a large number of debt investments at all levels, and the central bank's currency is extremely large, M2 is even more than that of the United States, that is, we print money faster than the Americans, you must know that the dollar can be used all over the world, but the yuan can only be spent in China.
Due to corruption and other speculative factors, China's investment efficiency is very low, a large amount of currency has not been converted into GDP, and since the financial crisis, the economies of various countries have suffered heavy losses, unemployment has risen, consumption has fallen, and China's exports have shrunk, highlighting the situation of overcapacity.
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1. These two are not necessarily contradictory.
2. Overcapacity is in some industries, such as steel and cement.
3. There is indeed inflation or inflation expectations in China, and inflation is mainly related to the amount of money issued (other factors must be certain).
4. If we implement an expansionary monetary policy, such as increasing credit support for certain industries, this will cause the two to coexist.
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This book is still very good, and it explains some problems of the domestic economy very clearly. However, many of the points of view in it still dare not agree, and considering the author's personal background, I think it can still be understood. Controversy in the first thirty years of the founding of the People's Republic of China.
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The superior doesn't care about the affairs of our subordinates. Just care where they are. The country is no longer a country, and the home is no longer a home. There is a huge difference in regional economies.
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It's hard to say, I'm in an economic crisis anyway.
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The rich are constantly encouraging working-class consumption, electrical appliances, cars, travel, loans, all in order to prevent the poor from having assets, while the rich themselves are always accumulating assets. Look at the salarymen around you, you finally scrape together some money, and the rich will sell you the house and provide loans, leaving you in debt while making you think that the house is an "asset". Raising the real estate rate allows workers to work longer to buy a house, and by selling a house, the capitalist can get more money to continue investing.
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China's real estate is formed due to China's social particularity, which is not clear to explain by socioeconomics. The disorderly development of China's real estate has changed various social relations in Chinese society, such as: the relationship between parents and children, family relationship, ethical relationship, concept of love, concept of childbirth, values, concept of inheritance, view of colleagues, 、、、
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China's so-called economic miracle is nothing more than China's real estate, health care, education, and people's livelihood problems are not solved, and this will not become a miracle, it will only become a relic.
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"1" China's resources are scarce, so it is necessary to use limited resources reasonably and effectively "2" rely on science and technology, change the mode of economic development, from extensive to intensive "3" take a new road of industrialization, promote informatization with industrialization, drive industrialization with informatization, and take an industrialization road with high scientific and technological content, good economic benefits, low resource energy consumption, and less environmental pollution.
4 "vigorously develop productive forces, promote the optimization and upgrading of the industrial structure" 5 "establish a scientific concept of development, play the basic role of the market" "6" vigorously develop the circular economy, energy saving and consumption reduction, elongate the industrial chain "7" strengthen the country's macroeconomic regulation and control, play a role in the regulation of fiscal taxation.
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Stiglitz, winner of the 2001 Nobel Prize in Economics, believes that China's economic development is a miracle and that Chinese scholars can win the Nobel Prize if they can explain this miracle.
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