China's economy is facing downward pressure, both superficial and short-term, as well as deep-seated and long-term. Various reasons are superimposed on each other, leading to the current economic difficulties. The sequelae of the epidemic are short-term causes, but if there are no old problems accumulated over the years, they can be easily solved. Those deep-seated problems that have accumulated over the years, combined with the current problems, will lead to great economic turmoil, and if they are not dealt with properly, the development of the national economy will enter an unbalanced channel.
First, the inefficient use of local financial funds has resulted in a large amount of debt.
If the local government invests financial funds in public welfare undertakings and lives within its means, it will not form local debts. However, there is a general impulse to invest in non-public welfare projects, but in the field of competitive projects, local state-owned enterprises have no competitive advantage, and many places have suffered serious losses, resulting in the loss of a large number of state-owned assets. For example, Qingdao State-owned Assets Supervision and Administration Commission invested 2 billion in daily Youxian, and with the collapse of Daily Youxian, the 2 billion was paid in vain.
There is a general urge to invest in the local **. One is because of the performance project. As an official, he always wants to achieve something, and the construction project can best reflect the political achievements. For the sake of political performance, there are conditions to go up, and there are no conditions to go up, and if there are no conditions, either to borrow from banks, or to advance funds from private enterprises, once the financial revenue deteriorates, the loans cannot be repaid, and a number of private enterprises will be dragged down. One is because of some ** corruption. In order to win projects, it is difficult for many private enterprises to avoid corrupt projects. Where there is funding approval, there is a risk of corruption.
Second, the problem of the excessively large gap between the rich and the poor has not been alleviated.
China's Gini coefficient has remained high for many years, indicating that the gap between the rich and the poor has not been alleviated, and this is very unfavorable to the healthy development of the economy. The gap between the rich and the poor is too large, and the people have no money in their hands, which will inevitably lead to a lack of consumption power, and even if they have capital, they cannot find a place to invest. Now there is no shortage of capital, there is a lack of good projects, projects with a market are good projects, and the people have no money to have a market. At a time of rapid economic growth, it is a good opportunity to solve the gap between the rich and the poor, because after all, this problem cannot be solved by beating local tyrants, but can only be solved through secondary and tertiary distribution.
Now is not a good time to solve this problem, the rich have all saved their money, and there is no opportunity for redistribution. Therefore, first of all, it is necessary to enliven the market, and then have the opportunity to redistribute with production and business activities. Of course, redistribution also needs to take into account the comparison between countries, and if the tax burden is too heavy, it may also cause a large outflow of funds.
Thirdly, corruption remains an obstacle to economic development.
Corruption increases the cost of running a society, distorts the allocation of resources, and allocates resources to ineffective areas, so that corruption is not only a political problem, but also erodes the economic organism. However, the problem is corruption, which has not yet been fundamentally solved in the system. Wherever it comes to the allocation of resources, there is a high probability of corruption. Once corrupt, a large amount of financial subsidies may flow into the pockets of individuals, and the funded projects will not be funded, affecting scientific and technological progress and people's livelihood.
Freezing three feet is not a day's cold, but there are problems, and we should always try to solve them, otherwise it will affect the sustainable development of our country's economy.