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franklinmarshallamagasins.com In the global economy "weak growth" pat

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  • franklinmarshallamagasins.com In the global economy "weak growth" pat

    In the global economy "weak growth" pattern, China first quarter year-on-year GDP growth of 8.1%, a record in the past three years the lowest growth in China, highlighting the deep economic adjustment pressures.
    Inflationary pressures are not reduced, growth is a bit tired, recently emerging economic stagnation in China and "hard landing".From the economic fundamentals supporting point of view, a "hard landing" unlikely, however, if the delay is the time of economic transition, with the future of Chinese low cost advantages gradually disappeared,abercrombie france, stagflation is afraid is more than a "panic".
    On the cause of stagflation, generally includes a total supply shock,burberry, aggregate demand shocks and total cost impact.But look for a long time, stagflation is never supply shock rather than a demand shock.
    Economic law,air jordan, stagflation is often due to the lack of new growth points and the.Chinese economy is hard to get rid of the investment is highly dependent on, but the potential growth rate slows and factor price total level of exaltation, may be cannot evasive objective trend.
    From a long-term perspective, China is at a slower growth in long period beginning,abercrombie.Potential growth rate is a country (or area) in a variety of resource optimal configuration and sufficient conditions, which can achieve the maximum rate of economic growth.
    Decision of China the potential growth rate of the economy of fundamental factors, including endogenous, exogenous, demand,hollister, supply, will produce major change; though the change process is smooth, slow, but said from the tendency has been close to or reach inflection point.
    Compared with other countries, China is more dependent on growth factors, growth dividend is the first driving force.The world's first population scale and production of higher population structure, not only for the Chinese economic growth provides ample supply of labor, also as a high accumulation rate and huge capital investment to create the conditions.
    Long-term since, in China has rich labor resources, door marginal productivity was significantly lower than the industry condition, due to relatively rich and cheap labor natural resources supply,air jordan, the enterprise is able to overcome the capital limit accrual is degressive regular action, low labor intensive products in domestic and foreign markets to gain an advantage, a large number of surplus labor force in rural areas to developed regions.
    The abundant labor resource and cost advantage already made our country become the world factory and the engine of world economic growth,burberry soldes.Thus,jordan, China with its low labor costs, low land costs, low cost and good environment supporting system, overcome capital of the law of diminishing marginal returns, become global value.
    Data shows, 1998 to 2008 10 years, business of our country industry profit growth averaged 30.5%, labor remuneration year all grow 9.9% only, the rate of return on capital growth is much higher than the rise of labor cost.
    However, we cannot evasive is, cheap Chinese comparative advantage abate has become an irreversible process.As labour force price revaluation, environmental costs rise, resource shortage,air jordan pas cher, capital rate of return and overcapacity, a series of cumulative risk will be increasing.
    Cost rises in the round will make China face high costs of resistance,hollister france.If you can't build a country of innovation foundation, and not with the low labor cost in national competition advantage, will lead to the manufacturers of low-end and high-end manufacturing advantage of dual loss, this is the biggest challenge for future ten years in china,hollister pas cher.
    Therefore, through technological innovation,franklin marshall, industrial transformation and upgrading, the accumulation of human capital and labor in total factor productivity to resolve the high costs of resistance, increase structural adjustment of leeway, is the fundamental path selection.
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