Wu Jinglian: If We Continue To Relax Monetary Policy This Year, Prices Will Continue To Rise.

In a speech entitled "transformation of China's economic development mode", Wu Jinglian, a famous economist in China, said that the current domestic economic growth debate paid too much attention to the short-term trend and policy of economic development, but ignored the problems of long-term economic growth. 11. He believes that the focus of the current work is to adjust China's growth model and pay attention to improving economic efficiency.

Wu Jinglian pointed out that although short-term economic problems can be solved by policies, this is not a permanent solution. Take monetary policy as an example. If this year continues to relax, the issuance of money will maintain the growth momentum of last year, which will inevitably lead to soaring property prices. The final result may be a bubble burst similar to Japan's.

Wu Jinglian believes that there is no need to ensure that neither serious inflation nor serious inflation occurs. market The economic operation of the crash and short-term regulation must be carried out along with the long-term economic structural adjustment. The focus of future work should be on the transformation of the mode of economic growth, instead of "Heroes" in GDP, and turn economic efficiency into the main driving force for economic growth.

He further pointed out that Economics The transformation of growth mode should not be entirely dependent on the introduction of technology. The government can give full play to the scientific research role of colleges and universities, and the creativity of all kinds of enterprises, especially small and medium-sized enterprises.

Wu Jinglian suggested that the transformation of the national economy with information technology would reduce the proportion of the "cost big household" in the total cost. In addition, we should pay attention to the role of human capital in production, transform the manufacturing industry with simple processing into service and manufacturing, and develop the productive service industry vigorously, and promote consumption and stimulate the market by increasing the income of labourers.