2009/3/9

8% as not to put mandatory indicators

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Newspaper article recently and networks usually referred to China's economy needs at least 8%

growth. This is the so-called "eight security" argument. Chinese GDP growth rate can reach 8

percent this year, of course, is a good thing, more than 8% better. China has growth targets year

after year, but none are "mandatory" indicators, but only plays a certain role of guidance and

direction, and sometimes even do not have this type of role. For example, last year's target is 8%,

but officials at all levels have not put it as "guidance" or "direction." Finally therefore reached

nine percent did not think people have deviated from the direction of too high, consider everyone

on the contrary actually achieved 9% too low. Set a general rate of growth indicators are required,

but no one can have a base set of indicators to determine the growth rate. Human beings can not

have this kind of intelligence. This year's 8 percent growth target should also be the case. As far

as possible, efforts to achieve and exceed the best, not having to frustration. Assumed that the

statistical information is not false, it is assumed that this is indeed grim situation at home and

abroad, it must "protect eight," but may be a big problem. In any case, we unnecessarily put the

growth rate of 8% seen as important. Even if Chinese GDP less than 8% growth, China's economy still

may be in the normal track; even just to reach 7 percent, China is still all over the world belong

to one of the fastest growing.

The "eight security" reasons, it is said there is no growth rate of 8% on the instability in

society. Who can make it clear what is society to maintain stability? Chinese growth in 2007

reached 13 percent, not the same group of case-fold? China's economy at less than 8% in 1998,1999,

Chinese society was not any major instability. Therefore, to achieve, or more than 8% growth,

Chinese society may not be able to stabilize, which is lower than 8%, Chinese society does not

necessarily unstable.

On the other hand, 8% are rare in the history of the world economy a high speed. Most

countries, even in the social transition there is a very stable 5 percent, why we Chinese must be

able to only 8 percent to maintain stability? The stability of Chinese society so difficult to吗?

Conversely, even if the 8 percent or higher growth rate can maintain social stability, Chinese

society can not do long-term stability. China's economic laws decide the period of rapid economic

development will not last very long. If the Chinese are at high growth so far achieved on the basis

of social stability, then the Chinese have put the future cornerstone of social stability and put

us in other areas.

Some people say that at least 8% of the GDP growth rate of only be able to solve China's

unemployment problem. This is also unfounded. First, there is definitely a market economy

unemployment. Just put the unemployment problem in a society can control the degree of acceptance,

and set up an unemployment protection system. Growth rate is always fluctuating, so that when the

high unemployment rate low. Chinese since the publication of unemployment data, the long-term at

4%. Is 13% economic growth rate has not be able to put it down to 4% or less. Therefore, with high

growth rates to how to solve the problem of unemployment is not necessarily effective. Secondly,

the Chinese all over the world are only the natural growth of the labor is slow, GDP growth of the

National Express. China's economic growth so fast, can be the natural growth rate of labor force is

far below 1%. Indian labor force growth rate at more than 2 percent, but GDP growth at 8 percent

the following year. The United States labor force growth rate significantly exceeds the 1%, which

may be its economic growth rate is always less than 4%. Therefore, China should be easier than in

other countries to ease the unemployment problem (any country can not solve the problem of

unemployment). And if China's unemployment problem more relaxed than in other countries, it

certainly does not lie in the reasons for the economic growth rate reached 8% or even whether or

not 10%. Third, some people say the new Chinese GDP increased by a certain amount of labor required

in the reduction in China's unemployment problem so serious it was. Add GDP to a certain amount of

labor required is fewer and fewer laws, not only the Chinese case, the overwhelming majority of

countries all over the world so. As long as labor productivity at improve, things will definitely

true. Improve labor productivity is a good thing, otherwise there would be no well-off and the

rich. Unemployment is a bad thing. Required some sort of trade-offs between the two. However, I do

not see any criticism of Chinese labor productivity improve the language quickly. If China's labor

productivity did not improve too fast, and improve labor productivity to explain China's

unemployment problem would be no under. Fourth, on the current situation, even if this year's GDP

growth of 8% or even as last year's 9 percent, China is still a very serious unemployment problem;

8% growth is not such as on the proportion of the growth rate of 7 percent more greatly easing the

unemployment problem , "protect the eight" here does not really need to. Employment must not only

necessary to ease the economic growth rate, but also other measures required.

I sincerely hope that even China's economic growth this year is estimated will be able to

more than 8%, I hope my own students, hope that all university graduates were able to get jobs,

migrant workers want to be able to find a job. But I also hope that, because of all regions of the

efforts of provinces and cities will automatically improve the local GDP, so on the country as a

whole, or to 8% as a guiding indicator is better, to do the personnel, to listen to Destiny, and

not to go regardless of the cost to "The eight", but also not to make the statistical data on

indicators.

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