林毅夫:未来中国还有四大投资机遇

Lin Yifu:there are still four big investment opportunities in future China

消费是经济增长的目标,不能作为未来长期经济增长的拉动力。消费增长的前提应是收入不断增长。国家统计局公布的最新数据显示,2015年8月工业增加值同比增加6.1%,低于预期;1-8月份投资累计增速10.9%,低于预期;制造业投资增速自今年初以来一直下滑……整体来看,经济下行压力大,仍是当前中国经济的主要矛盾。

There is a point of view that the past investment-stimulated economic growth of China is unsustainable, which should be the growth pulled by consumption. In my regard, consumption is so important that it is taken as the target of economic growth but not the force to drive economy.The potential of consumption growth lies in the productivity of labour by constant promotion. Then how to raise labour productivity? The answer should be technology innovation, industrial upgrade and to increase the output level as well as added value. No matter the cost from companies or the society for infrastructure improvement, there will be investment demands.