英文金融论文

TheFactorOfHinderChinaStimulateDomesticDemandAsweallknow,theincreaseofGDPinacountryisbasedonC(consumer)I(investmen-t),G(governmentpurchases)andN(netexports).Thelastdecade,theincreaseofGDPinourChinesealmostkeeponahighlevel.Itisagoodthi-ngthatisforsure.Inwesterndevelopedcountries,thegreatestcontribu-tiontoincreaseofGDPisC,butinChinasituationisdifferent.IandNplaythemostimportantrole.Itisn'tagoodthingforChinesedevelop.Soourgovernmenttrytheirbesttostimulatedomesticdemandbutdon'tobtainsatisfactoryeffect.AsfarasIamconcerned,therearesomefactorofhinderChinastimulatedomesticdemand.First,mostChineseconsumerattitudeslag.Attitudesmaycan'tdecidepeoplebehavior,butwillinfluencepeoplebehavior.During5000yearsdeveloping,Chinesepeopleformedtheattitudeslikehardworkandplainliving,keepbalanceofincomeandexpenditure.Thoseattitudesaregoodhabitsindeed.ButChinesepeoplealwaysdoitoverly.Theyalwaysthinkthatconsumecanensurethelifeisenough,sotheydon'twantspe-ndmoneyinconsumemore.Second,savemoneyattitude.Chinesehavesavemoneyhabit.Theythi-nksavemoneyinthebankisbetterthanspenditinconsume.Thereasonofthishabitisfrommanyaspects.Suchaspeopleafraidtherewillsomeproblemsinthefuture,theyneedmoneyforpreparation.Savemoneyinbankismoresafetyandcangetinteresteveryyearandsoon.Becauseofunknownproblemfromallkindofside.Chinesepeoplechosesavemoneyinbankinsteadofconsume.Third,seriouspolarization.Accordingtoscholarresearch,20percentofpeopleholding80percentofmoney.Ithardtobelievethatsolesspeo-plecanconsumesomuchmoney.Infact,onlypublicconsumptioncanst-imulatingconsumption.Fewrichcan'taffordthelargeoutputofChina,butmostChinesedon'thaveenoughmoneytoconsume.Atthesametim-e,therichusetheirfreemoneyininvestment,itmakeit'smorehardtostimulatingconsumption.Fourth,thewrongguideofmakingmoney.InChinaishardforpeopletobecomerichthroughhardworking.Workhardmayonlycansolvetheliveproblem.Inordertohavebetterlivequickly,peoplewouldliketocho-seinvestmentandspeculativetomakemoney.SopeoplereducespendmoneyinconsumeandusesurplusmoneyininvestmentandspeculativeButthefactisinvestmentandspeculativehasahugerisk,largequantityofpeoplelosttheirmoneyinstockinrecentyears.Fifth,socialsecuritysystemisimperfect.Chinesepeoplefacesixbigproblemindailylife,thereareseeadoctor,gotoschool,pension,house,wedding,unemployment.Thoseproblemallveryimportantandnecessa-rytopeoplelife.Inwesterndevelopedcountries,governmentusesocials-ecuritysystemtosolvepeople'sworry.ButinChina,becausesocialsecuritysystemisimperfect,andpeoplecan'tafforditinashortperiodoftim-e,theyhavetosolvethoseproblembythemselves.Sotheychosesavemoneyinbank,buyhousethroughloans.Allinall,socialsecuritysystemisimperfectmakepeopledon'thaveenoughmoneytoconsume.Sixth,levelofeconomicdevelopmentislow.AlthoughtheincreaseofGDPinourChinesealmostkeeponahighlevelinlastdecade.Chinahashugepopulation,sobecauseofthepopulation,Chineselevelofeconomi-cdevelopmentisalsolow.Peopledon'thaveenoughmoney,ofcourseth-eydon'tpaymoneyforconsumption.Seventh,thebusinessenvironmentisnotperfect,highcostofdoingbusiness.WorldBankestimateandrankingofbusinessenvironmentin183countriesandregionsin2010,China'sbusinessenvironmentoverallrankingof79,ininvestorprotection,thetaxburdenwillbeplacedinthe100beforeandafter,andcreationofenterprises,toobtaintherankingofthebusinesslicense,etc.eveninthe150.Thebusinessenvironmentisnotideal,andimprovetheoperatingcostsofChineseenterprisesinthecountry,resultinginthedomestictradeismoredifficultthaninternational-ltrad.Eighth,localprotectionism.Whilemarket-orientedreformshavebeencarriedoutfor30years,buttheunevenChineseprovincesandautonom-ousregionsatthisstagethedegreeofmarket-oriented,localprotectionismisstillveryprominent,especiallyinthecentralandwesternregionsarethemostserious.Especiallyafterthe1994TaxReform,thelocalgove-rnmentfortheblindpursuitofGDPandtaxrevenue,thethingstheydohavestrongmotivationtostrengthentheprotectionoflocalenterprises.Duetotheexistenceoflocalprotectionism,developdomesticandregion-almarketsalsofacedwithgreatlyretard.Andhinderthedevelopofdom-esticmark.TheaboveeightfactorsistheobstacleofChinastimulatedomesticdemandinmyopinions.Thosefactorsarefrompeople'sattitudes,thelevelofeconomicdevelopment,socialsecuritysystemanddomesticmark.StimulatingdomesticdemandisaimportantproblemforChinaeconomicdevelop,tosolveproblemneedaverylongtime.Sowemusttakemorecareaboutit.