久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Make me your Homepage
left corner left corner
China Daily Website

Boost household incomes, says top economist

Updated: 2013-12-24 10:18
By Zheng Yangpeng ( China Daily)

In 1993, before the reform materialized, central government revenue accounted for only 22 percent of total fiscal revenue. In 2012, it climbed to 47.9 percent. In 1993, the fiscal revenue to GDP ratio was 11.2 percent. In 2012, it was 22.6 percent.

The rise of government income ratio was accompanied by a decline in the household income ratio. According to Song Guoqing, a Peking University economics professor and an academic member of the central bank's monetary policy committee, the share of household income in the national income pie was 67.5 percent in 2000. It steadily declined to 58.3 percent, the lowest point in history, before it picked up a bit to 60.8 percent in 2011.

The fall of the household income ratio was considered by many economists as the underlying reason for China's excessively low household consumption ratio, which now stands at 35 percent of GDP, way behind international norms.

Zhu Min, vice-president of the International Monetary Fund, has said that raising the household income ratio is key to rebalancing the country's economic growth model.

"Investment to GDP ratio has reached nearly 50 percent. What's worrying is the steady decline of the marginal return of investment. That means adding investment could do very limited good for growth," Zhu said.

The only way to boost domestic demand is to create more money-making opportunities for people, according to Zhu. This can be realized by boosting the service industry and tilting government expenditure toward livelihood areas instead of big investments.

However, Song said raising the household income share should not only be viewed from a "boosting consumption" perspective, which he said sounds like "feeding the cow with the purpose of milking it".

"Gaining income for households in itself is a purpose. Whether they spend it or save it, it is their decision," said Song.

Liu said to make way for a better household income ratio, the corporate income ratio should be reduced. Reform should be implemented to squeeze the incomes of resource and monopoly corporations.

 

Related readings:

China's fiscal revenue maintains fast growth
Video: China's fiscal reforms needed
Changes lower tax burdens
Official calls for reforms to help ease tax burden
How heavy are our tax burdens?

Previous Page 1 2 Next Page

 
8.03K
 
...
主站蜘蛛池模板: 日本黄色免费大片 | 久久久久久久久久久9精品视频 | aaa毛片在线| 欧美xxxx成人免费网站 | 久久久久性| 中文字幕一区二区三区免费视频 | 在线播放高清国语自产拍免费 | 亚洲美女黄视频 | 久草免费在线视频观看 | 中文精品久久久久国产网址 | 久久精品久久精品久久精品 | 新婚第一次一级毛片 | ab毛片| 美国大毛片 | 久久久久久久99精品免费观看 | 白浆在线视频 | 国产成人精品亚洲777图片 | 高清国产在线播放成人 | 精品欧美一区二区三区免费观看 | 欧美精品99| 国产欧美精品午夜在线播放 | 国产精品v在线播放观看 | 亚洲性xo| 精品国产成a人在线观看 | 亚洲m男在线中文字幕 | 日本全黄| 成人在线免费网站 | 91精品国产免费 | 色综合久久88一加勒比 | 亚洲精品午夜一区二区在线观看 | 国内成人精品亚洲日本语音 | 国产黄色三级三级三级 | 亚洲人成影院午夜网站 | 日韩精品亚洲专区在线观看 | 一级看片免费视频囗交 | 国产精品久久久久久亚洲伦理 | 国产视频97 | 一级毛片美国 | 萌白酱粉嫩jk福利在线观看 | 中文字幕亚洲另类天堂 | 影院亚洲 |