Wu Jinglian: Problems Hidden In The Miracle Of High-Speed Rail Are Being Exposed

First, we need to evaluate the year of last year, that is, the first year of 12th Five-Year.

My second point is to make a basic estimate of the year of the opening year.

The pformation of the mode of economic development and the upgrading of the industry have made some achievements, but too much investment and too high cost.

It is not sustainable to achieve the pformation of the mode of economic development in such a way.

Why is there such a situation? I think the main reason is the economic system, and the so-called institutional obstacles have not been eliminated.

This is a reverse argument.

On the positive side, a good system conducive to innovation and entrepreneurship has not been established.

Therefore, the reason for this problem is still a problem of ineffective reform.

That is to say, we still used the way we used to promote our industrial upgrading.

This is often called a government led development.

This is the second point.

Third, why is this happening? I think the first question is about what kind of economic system we must build, and use such an economic and other system to advance our economic development.

To put it simply, perhaps we can use Mr. Liu He's words just now. He said that another road was put forward. He thought it was not the path supported by the Chinese government and the Chinese leadership. He called it "state monopoly capitalism".

We sometimes call it state capitalism.

Its main content is to rely on a strong government and a very strong state department to control the whole economy with a state sector dominated by state-run economy, and then use the powerful resources of the mobilization of resources by the government to invest a lot of resources into the economy to promote economic development.

In 12th Five-Year, it was stipulated that in order to speed up reform, there should be top-level design.

I put forward an opinion last year, and I said that now everyone is very enthusiastic to discuss various departments, for example, the top-level design of finance, for example, the top-level design of Finance and taxation, but there is a problem to be solved first: what kind of economy is the design of the top floor? It is a policy that we have decided since 1979.

For example, our foreign exchange reform in 1994 was also well designed, and the fiscal and tax reform in 1994 was also well designed.

I arrived in UC in 1992, and our domestic delegation arrived. Mr. Lou, who presided over the taxation design, specially asked Mr. Masy for advice.

Now there is a doubt in our top floor, that is, Mr. Liu He has another kind.

Fourth point of view, this discussion is very meaningful. Now it should be said that this discussion has seen some conditions for making conclusions.

On the one hand is the discussion of the theory, and the discussion on which way to go in the past two years has been carried out quite thoroughly.

In addition, experiments with a strong government, big enterprises, massive investment to promote economic development, this experiment seems to be able to make a conclusion.

An experiment is to advocate the high-speed rail miracle of big government and strong state-owned enterprises. This can be concluded, not a single conclusion, is a way of development.

In addition, some places have achieved rapid growth in the past few years in such a way, but some of the problems concealed are being exposed, and in fact, they can be concluded.

Therefore, we can see through the theoretical discussions and practical conclusions of the opening year.

I agree with Mr. Liu He that we should be firm in our direction in the past 30 years and move forward.

Finally, under such circumstances, the top-level design in all aspects and the creative and active experiments in the field are all proceeding.

Last year's performance is not very good, but it already has such conditions. Various departments, finance, finance, state-owned enterprises and so on, have many different top-level design plans.

Besides, some experiments in the area are worth noticing.

For example, Shanghai's state-owned capital has withdrawn from dozens of industries, and has been doing it for several years.

For example, the expansion of value-added tax in Shanghai, the use of services, and value-added tax from production to consumption.

Although these experiments may not be successful, there are still many problems. For example, after the expansion of value-added tax, there is a reflection that there is a problem in the tax rate of the service industry, and the tax burden on the service industry has increased.

But this is very promising.

It turns out that people in tax departments have to spend five years to promote, but now they are responding everywhere.

For example, Guangdong's NGOs are not responsible for the reform, as well as grass-roots government's electoral reform, which are all in progress.

Therefore, on the one hand, the obvious achievements of the first year were not reconciled, but they gave us great hope and needed our joint efforts.