So the real estate tax can not expect it to be able to control short-term real estate prices. But I still have to call the real estate tax can be introduced, the rate very low, I call is not to engage in a thousandth of the tax rate, broaden the tax base, the key is the money to the grassroots to the government to use, cross- to the District government to use directly by the district government for the local owners, which I call communication. By the way, we can also taxpayers and the government started a positive interaction between the relationship, which is China's financial reform is an important component.
Theme: change the world changing situation in China. The picture above shows the central bank's Monetary Policy Committee member Li Daokui. (Data for)
Today, after 30 years of development, our per capita GDP is still only one-tenth of the world about the developed countries. What does that mean? As the global economy, a backward country, we have a great space to catch up, do not worry we can not learn foreign enterprise business model, do not worry we can not find the business, not learn new techniques from abroad, do not worry We do not know the young people learn foreign languages, a few years, young people all know foreign language. Learning ability is very strong.
Li Daokui: Members of Chinese and foreign guests, Good morning!
one, that is, problems of urbanization. If real estate prices continue to rise, then how can our migrant workers into the city's residents? How migrant workers to afford a house, how to afford to rent a house? The process of our city will be greatly discounted, discount urbanization, the potential of our future development must not be able to fully released.
is the current system of real estate development, the current system should not overlook the real estate development, not only an economic problem, financial problems, in fact, it is a very small financial problems, I do not believe that China's housing real estate business, real estate development, has brought our financial system, how much impact, no big deal. It itself is a major social problem, in the real estate in this sector, the industry, the focus of at least three events, we now need to address.
first thing in 2011, China's overall economic situation, according to China's own historical standards, is a rare good. You see, not that far to experience and 13 years after the Asian financial crisis, China's economy today than our four largest state-owned banks into commercial banks in the world. Today's state-owned enterprises, the profit of the two trillion yuan, while 13 years ago, the overall losses of state-owned enterprises, there are 10 million workers to be laid off. 12 years ago, our economic growth rate of only 7%, while in 2010, according to my calculations, at least 10%, and even 10.3%. Therefore, from a variety of macroeconomic indicators, it should be said of today's Chinese economy overall is very good, according to Chinese standards, is very good, this is the first thing, our descendants will will these many, it is more objective.
Second, on the income distribution. If we present the high-income strata of the deposits are turned into real estate, real estate prices continue to rise if, in fact, it is exaggerated, to enlarge our income distribution, even distribution of wealth gap, which is related to our China middle-income strata of this society how to develop a big problem. Meanwhile, real estate in this industry, but also involves a very basic, perhaps the most fundamental problem is that local fiscal problems, why the continued high real estate prices? From the point of view directly, 50% or even 50% of the land transfer price is not it? Not that the local government through a variety of ways to collect against the real estate development tax? So it is itself a financial problem.
more importantly, because such a development model, it is essentially now makes a lot of local government is not much interest to control real estate prices, because they are worried that if property prices fall or increase release Slowly, the land transfer of funds will decrease the growth rate of land transfer funds fall, will affect parts of the building, where the decline in construction will affect the local GDP, will bring out a range of issues. Therefore, the industry focused on the real estate of Chinese society, the contradictions of China's economy. So I thought, I urge that we should seize a new breakthrough in the reform should come from the real estate in this industry as a breakthrough, to break through.
since I can remember, never left school, I was a scholar, as a scholar, I most want to do and do the things I most wanted to do, that is, every morning able to calm down and quietly meditate today's big scene, so many shots, so many lights, so I do not feel really.
the beginning 100 years later, I talked about how to evaluate our future generations the history of today, I hope that after 100 years, our descendants look back now, the history, they will be like this, the Chinese economy the last century, the first 20 years, made the first 30 years of rapid development, laid the Chinese economy, Chinese society off the solid foundation, in that era, we have a number of very sober minds of policy makers, not the macroeconomic time very good indicators of such a confused situation, they seize the opportunity, seize the people most concerned about, and actively promote the reform, so as the rise of the Chinese economy at that time laid the foundation. Let us a look, look forward to the first year of the new reform. Thank you!
second thing, our descendants will say that today's Chinese economy, China's economy in 2011, facing various difficulties, is very rare, very rare complex , very rare and more, very much, we just international factors of former Prime Minister of Italy, we are very respected politician, Mr. Prodi, speaking very clearly, we come from the leadership of the NPC Financial and Economic Committee also made it very clear As a result of the international financial crisis, the growth of the Chinese people on China's development, resulting in a variety of suspicion, a wide variety of concerns, which is an objective existence. Other international economies, especially in developed economies, has probably not allow our country to continue to take the export-led growth as the main approach to development, which is derived from international factors.
domestic factors, our future generations will say that today's Chinese society, according to China's own standards, has never been so complicated, many of our young people from 19 -24 years old 25% of young people on the university, they have their own demands, they have the knowledge, they have to make their voices heard, but also to catch up with the Internet revolution. So on the network, a variety of voices, a variety of views emerging, they recommend various government policies, and even criticism, for as we scholars criticized this is very sharp. So today, we, as academics, at least I personally as a scholar, feel the pressure is very large, from this rostrum, I say every word, my mind has made a variety of Internet users have criticized, and even some of abuses. But I think as a scholar, I do not care, if users were able to put their policy on a number of different views on the government, moved to the criticisms of our terms of these scholars, that we, as academics, and also completed a significant social responsibility , we have certain policies for the Government to take up some criticism, which is fully justified, it does not matter, scholars do not care, I can do is do not go on the end, do not look to be lost, it does not matter.
how? Why change? Let me talk about why so changed, the reason is very simple on this issue, if we carry out some reforms, we appeal to today's society the most. Our young people I have just read about 25% of the university, the Internet revolution, so that they have their own voice. Our young people, I believe the most support this reform, I believe that any local interest groups can not stop the new reform. So why this place from the real estate as a breakthrough.
Yuan Chen was awarded the Kong Dong, general manager of Aviation Group, Ming Yang, chairman of the wind power industry, Chang Chuan Wei Group Co., Ltd., Zhejiang Tong led President Chen Wu Sheng Technology Group, Party Secretary of Beijing Automobile Group Co., Ltd. Xu and Yi, China Unicom (600,050, stock it) Chairman Chang soldier, director of the Center for Economic Research at Tsinghua University Li Daokui, New Hope Group chairman Liu Yonghao, Yanjing Beer (000,729, stock it), Chairman Li Fucheng ten candidates CCTV China Economic Man of the Year.
I want two things, maybe they will say.
The following is the director of the Center for Economic Research at Tsinghua University Li Daokui speak Record:
What is the key? Since the gap is large, we must seize the constraints at every stage of economic development of the most important constraints to reform, do not fully engaged in every place all right, our economic system can not hundred per cent most efficiency, not hundred per cent with the world's most developed economies, as reasonable, not, as long as we grasp at every stage of the most deadly, affecting our most critical development bottlenecks, our economy can be developed.
Focus on Obama trip to Hu's visit to sell billions of dollars of goods financing by the State Council, the survey said to refer to control land without compensation provisions of the Department of National Planning, rising to five industry first second five rare earth mining area of national planning approval 12 years Hurun rich list were sacked 24 Spring Festival passenger flow peak will exceed previous years, starting today, Zhao: central enterprises had to take to the king and by such means
no matter how speaking, the emergence of China today, a very complex situation, how do?
the same time, in my opinion, real estate tax, this reform should be implemented, but do not expect too much property tax, property tax itself in the Chinese economy is difficult to achieve under the present circumstances the real estate slowdown The role of prices, because we are now the main driving force of real estate prices rose as investors, real estate industry, investors in the property prices are rising expectations, the expectations for the unit is 10%, while the top estate tax more units of 1%, 1% is the upper limit, by imposing a ceiling of 1% per year real estate taxes, to control the people more than 10% per year in property prices is clearly presumptuous to.
so very simple, in my view, economic growth, economic development, no comprehensive system of our economy with the world system in eleven developed countries compared, say that no, want to change, that no, we have to change, indeed, need to reform our economic system, but only to seize every stage of a thing, as long as the reforms got it right, a little break, and our economy to grow five-year , for ten years.
Well, today, China's economic system is the bottleneck encountered it? In my view, did hit a number of bottlenecks in the system, despite the short-term economic growth trend is very good. Today, the bottleneck in place? Many problems, but also a lot of people complain that our opinions are a lot of entrepreneurs, in my opinion, one thing if they can catch, as a breakthrough, we can be innovative system, our economic development but also to sustain 10, 20 years, in my opinion what this breakthrough?
how to change it? I would like to recall that we should be very simple and economic success over the past 30 years, the basic experience of China, the basic experience of China's economic development has many, many. As a scholar, in my opinion, one thousand million, the final analysis, one that continued reform, continuous Innovation, continuous change. Why do you say? China's economy in the early stages, when it took off, our per capita GDP is only 1% of the global economy in developed countries.
Today I am speaking very honored to be with our world-class statesman, with our country's most important policy-making departments of several first-line leaders, to speak the same table together, not only a great honor for me, and indeed feel a little suited.
second, how to change. It seems to me most fundamental is to start from the local financial, to the local government from the operation of land, the land transfer to obtain transfer of funds, and then engage in the development, conversion to what? Converted into the hands of local government business only in the long-term asset management of real estate of such a type of government, local government financing through various channels to financing their land after the combination, to develop their own real estate, long-term holding. Under the current circumstances, it is now China's economy, long-term holders of these real estate will be able to make local governments to obtain long-term stable, healthy revenue.
Guangming Wang News ,
In short, the real estate industry, in my view, on the one hand the people gathered the most attention, and even concern about, and even complain. And also the expectations of our reform gathered. I sincerely hope that we can seize such an opportunity for a breakthrough in the near future.
, we must also appeal to the central government to local governments that have no more limits, no constraints of transfer payments for the local government revenue, more and his own needs of social development phase linked, not linked to keep up the local GDP growth, which essentially change the local government incentives to change behavior of local governments. Which I think is the real estate industry needs this important reform.
how China's economic development, I think our society most of the decision makers, most of the scholars of China's economic situation today is very accurate judgments, the mind is very clear , and we are very aware of the need constant change, we must continue to develop, we must change the past, we rely on imports, dependent on investment, the development of methods rely on material consumption, development model, very clear.
I have often thought that if I have time to calm down and think about it, I think after 100 years, our descendants, if given the above, we perform in this arena comes from the leadership of various departments to Since the different professions and professional scholars, to evaluate, to write the history of today, they will write how the history of today?
Looking back 30 years ago, we do not is to seize the land contract system in rural areas, agricultural production responsibility system, the family unit of the contract, not to such a thing? To promote China's economic development as long as five to six years. To the mid-80s, we were not to seize the reform of state-owned enterprises to continuously push forward such a Niu Bizi it? To 90 years, we have to seize the reform of commercial banks at that time, seize the tax reform at the time, not to dry at every stage of the two or three things, even one thing, the economy has developed it?
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