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China needs to transform economic growth pattern: economist [Copy link] 中文

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Post time 2011-1-11 14:46:48 |Display all floors
China needs to transform its economic growth pattern and the next 30 years will be vital for the transition, a visiting Chinese economist said here on Monday.

"China needs to transfer its development pattern from scale dividend into productivity and institutional dividend," Qin Xiao, chairman of Boyuan Foundation and former head of China Merchants Group, Ltd., said at a forum here.

China's economic development has been relying on the so-called "scale dividend" during the past three decades, but such a development mode could not be sustained with an aging population, heavy reliance on exports and other challenges, he said.

"Entering a new phase" of "healthier, more balanced and more sustainable" development, Qin said, China needs to pursue "the productivity dividend" and "institutional dividend" in economic development.

"The theme for the next 30 years is to achieve endogenous growth through improvement of human capital, technical innovation and the upgrading of industrial structure from low value-added to high value-added," he said.

China's leaders have recently been reiterating the need to transform the country's economic development pattern and adjust the economic structure at a faster pace.

Chinese Premier Wen Jiabao said in October that accelerating the transformation of China's economic growth pattern is a task of great urgency for the country's development.

http://news.xinhuanet.com/englis ... 1/11/c_13685514.htm

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Post time 2011-1-12 15:28:27 |Display all floors
I second that China needs "to transfer its development pattern from scale dividend into productivity and institutional dividend". While we are at it, lets take a big mouthful of water and start blowing.

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Post time 2011-1-12 15:30:12 |Display all floors

Reply #2 questioner's post

You mean creating credit bubbles within China.....
That's one way at looking at the economic situation1
China do have a great advantage, it has massive Energy, Grain, Protein, Mineral, Commodity production and store!

hmmm

Green DRagon
Game Master

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Post time 2011-1-12 20:58:03 |Display all floors
endogenous growth
neo-classical growth
scale dividend
the productivity dividend
institutional dividend

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Post time 2011-1-12 23:54:04 |Display all floors
who can explain to me what " scale divident " means, i searched all over the internet and can't find answer.

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Post time 2011-1-12 23:58:05 |Display all floors
china indeed have too much problem with economic growth pattern.  right now it rely on too much on the country fundational structure and that is one off oppurtunity.

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Post time 2011-1-13 01:44:23 |Display all floors

Reply #5 darkjy's post, how to translation high officials's lecture

Originally posted by darkjy at 2011-1-12 23:54
who can explain to me what " scale divident " means,.


hahahahaa..he merely express "economies of scale" or "Gui-Mo Hong-Li" in Chinese Pinyin.
"Productivity dividend" - "Sheng-Chan-Li Hong-Li" in Chinese Pinyin.
"institutional dividend" - "Zhi-Du Hong-Li" in chinese Pinyin.

Don't let "a visiting Chinese econmist" confuse you. High official is their real nature behind so called "Chinese economist", such as Qin Xiao. Political dogfights are their top priority. Of course, such lecture work for their clique or benefits group inevitably.

Do you know reciprocal? It's simple to recover many Mailand Chinese high officials's lectures by the translation of "Each single English Word back to Each single Chinese word."

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