Global inflation is expected to form China’s largest financial bubble in history
China Europe International Business School accounting professor Ding Yuan on the 24th that China’s largest financial bubble in history is taking shape as original as the possibility of relying on export-led economy has not, and consumption is difficult to be enhanced by investment in certain risk .
Demand from the production of root cause analysis, four factors of production can be seen, first, land and other natural resources, and the second is the capital, the third is the labor, human capital is the fourth person’s knowledge and skills. He said China was relying on the first two elements, two elements are to raise the back of the share, to increase employment, to technological progress, so as to make ordinary workers and professionals, income growth, income growth can increase consumption.
“Increase the share of labor and human capital, other words that is changing the economic development mode.” Wu Jinglian said that this matter has been talk in China for 20 years, but progress has been slow, the fundamental problem in the system.
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