2011年5月5日星期四

a good article from chinese people daily

 
People's Daily wrote a very good objective article, posted about, yes, China is not short of money, but the Chinese people are short of money --- china mold maker, china rapid prototyping, china toolmakers, china plastic injection molding, china plastic products
Do not spend money, not spending - "to expand consumption," said so long, the first quarter of this year, the data show that: most people still do not "fit."
National Bureau of Statistics results show that the consumer confidence index fell in the first time after two consecutive quarters of recovery, but consumption will remain at a relatively low historical levels.
The central bank depositors nationwide survey of 50 cities in less optimistic, 85.8% of urban residents tend to savings, including investment bonds, stocks, funds, savings and savings deposits in disguise, only 14.2% of the residents tend to "spending more", a record the lowest in a decade.
Why not spend more and more affluent? How to promote the more reluctant the more consumer spending? In the final analysis, or restricting consumer does not solve the fundamental problem, in some respects even have exacerbated tendencies.
Flowers do not spend money, do not call the shots first look purse. Just look at statistics, over the past few years, wages of workers than the CPI "run fast", but a careful analysis of monitoring statistics department for many years the main private sector units for urban non-wage workers in the post, such as civil servants, business unit personnel, state-owned enterprise workers and so on. Until 2010, China was first released on the private units in the wages of employment, this part of the average wage of workers was 18,199 yuan in 2009, about 1,500 yuan a month, equivalent to only non-private unit wage workers is 55.6%, a considerable average wage of workers in state-owned enterprises 51.9%.
Some people may say, and now also a lot of rich people, a shot is the LV, Rafi. But generally speaking, that are in the minority, the real main consumer is a large number of low-income, while the absolute level of wages of these people is also low, consumption is no fundamental improvement. Monthly wage of 2,000 yuan, then how to expand consumption, but also how much room? Even if in the future at full speed, up 15% a year, only 300 more, the consumer situation, how would a big change?
Flowers at no cost, but also the risk of people how future spending. From kindergarten onwards may have to pay the sponsorship fee, specified courses, the University of call charges for one year, an institution estimates, the current residents of medium-sized cities in China to foster a students at least 20 million to pay the cost, someone can not save points money? Work hard to find, stable and decent income working harder to find, the thought of children in the future may be helpless, "eating the old" working-class parents, who would open to spending money? The most scary to see a doctor, even those with insurance, in case someone got home, seriously ill, or too much. "Life Mo depleted by the old" one economist, "not 500 million pension savings can not be" standards do not expect, but one hopes not to have post-retirement quality of life decreased significantly, higher inflation expectations and not enough "to force, "the security level, so that ordinary people can only choose to save as much as possible. As for the house, although not included in the statistics on the consumption areas, but real income to account for a large, squeezing the consumer ... ...
Some economists have estimated that if the calculation by the expenditure approach GDP, household consumption in China over the past 10 years, the growth rate is not low, and always maintained at above 8%, with GDP growth of roughly the same. The reason why the contribution of consumption to economic growth is not obvious, the key is people's consumption of too much focus on education, pensions, housing, medical care, rigid, mandatory, the other consumer desires are repressed or swallowed.
Why are not spending? Have consumer habits, consumption environmental factors, but the final analysis, the old problem - the lack of money in the "lung", not the flowers, not flowers. If and stimulate the people there, from the "take", then address these fundamental problems constraining consumption will "to" substantial investment in improving people's livelihood through increasing income levels, and resolve to worry about. Otherwise, rely on trade-in, home appliances and other irritating policy, probably a limited effect, and consumption is difficult to truly bottomed out

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