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China seeks advice of foreign economists on economic blueprint[1]- [Copy link] 中文

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Post time 2015-12-9 09:22:57 |Display all floors
Premier Li Keqiang meets with Nobel Prize economics laureate Joseph Stiglitz during his visit to the National Development and Reform Commission on Monday. WU ZHIYI/CHINA DAILY

Advice on China's new Five-Year Plan (2016-20) is being sought by the Cabinet for the first time from top international economists along with their Chinese counterparts.

The joint efforts are aimed at ensuring the new ...

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Post time 2015-12-9 09:22:58 |Display all floors
Whatever the advice from the experts, common sense dictates the following. Firstly, China must not go back to the public/private model (this model was launched shortly after 1949 and failed miserably). Public/private partnership is alright, but NOT public/private ownership (the distinction must be clearly understood).
Public/private ownership is like creating a two headed monster, sowing the seeds of 'monopoly' and 'oligopoly' at the same time. Here again, my SPS model will be able to solve the SOE problems much better without involving ownership. Secondly,  as Stiglitz rightly pointed out, growth must be able to lift people's living standards. With dense population concentrations in China's eastern cities, this means the lifting of the qualities of life for people living in these cities. Here again, as I have suggested, the proper and efficient utilization of airspace   in both housing and commercial buildings as well as mass transportation systems are the future, NOT ground nor underground systems. Broad Groups modular building system and the Straddling Bus system should be seriously researched and considered.

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