On the Internal Contradictions of China's Economic Growth Currently
Shijie Wang
Abstract
Shijie Wang
Abstract
China's economy has maintained rapid growth for 30 year.But can the economic growth be sustained in the rapid speed? Can the economic structure be properly resolved with economic growth? It is the main problem in the current macro-economic.Based on the empirical research of the proportion income share of GDP and total fixed asset investment share of GDP,we reached the conclusions that the internal contradictions exists in the current economic growth.Specifically,when the income share is too low enough to maintain consumption growth to promote economic growth,it will inevitably lead to an acceleration of investment in order to maintain sustained economic growth,which makes the problem difficult to solve the economic structural adjustment.On the end,in order to ensure economic growth base on the consumer expansion,we should increase income in the initial distribution of income.
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China's economy has maintained rapid growth for 30 year.But can the economic growth be sustained in the rapid speed? Can the economic structure be properly resolved with economic growth? It is the main problem in the current macro-economic.Based on the empirical research of the proportion income share of GDP and total fixed asset investment share of GDP,we reached the conclusions that the internal contradictions exists in the current economic growth.Specifically,when the income share is too low enough to maintain consumption growth to promote economic growth,it will inevitably lead to an acceleration of investment in order to maintain sustained economic growth,which makes the problem difficult to solve the economic structural adjustment.On the end,in order to ensure economic growth base on the consumer expansion,we should increase income in the initial distribution of income.
Key concepts: Economics, Economic expansion, Investment (military), Order (exchange), China, Income distribution, Distribution (mathematics), Consumption (sociology)