The first thing I learned about Chinese governance is that long -term consideration is important。

"In China，The basic unit of time is 10 years。"1974，A friend told me the mentor when he was studying at Oxford University、The words of the famous Australian British journalist Neville Maxwell (Neville Maxwell)。I am confused about this。Former British Prime Minister Harold Wilson once said，"Politically，One week is a long time "。I didn't understand the words of Maxwell, which my friend described at that time，But his emphasis on the time dimension made me gradually realize，This long -term perspective is important for China's development。Unfortunately，At that time, I didn't realize how this perspective would help me participate in writing the work of the largest engineering project in the world at that time -the Tanzan Railway built by China，"The Great UHURU Railway: China’ s Showpiece in Africa。

until 30 years later，witnessed China to maintain its economic take -off，I really understand the profound connotation of long -term consideration，and the importance of this point when examining the Chinese economy。China's economic scale is huge，Many changes and development processes are gradual，It takes a long time to perform and complete，Short -term assessment and planning may not be fully reflected or measuring China's development and changes for decades。Time span after one or two decades，Fundamental changes may occur in many aspects of China's economy and society -in fact，These changes have taken place。Long -term fundamental changes in China are the focus of economists that should pay attention to。The core of the mind of Chinese and even many Asians with the long -term bet365 live casino games is，However, in the West, it is often ignored。So，Western economists and commentators rarely look at the problem from a long -term perspective，This may limit their in -depth understanding and comprehensive assessment of their economic development。

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I don’t have too much attention to short -term data，and the same as most professional economists，I don't think the domestic GDP (GDP) calculated based on market price is the best indicator for measuring a economy scale or growth。I think，Calculating GDP with purchasing power is more appropriate。Because this method is measured by a product and service available in an output unit or wealth in the economy。This method is for family、Enterprise and government is more valuable。

The International Monetary Fund Organization and Economic Cooperation and Development Organizations are all inclined to use purchasing power parity to make economic predictions。In recent years，The Chinese government vigorously promotes the company's "going global"，Encourage enterprises to develop overseas markets、Find a new growth point。In this background，Traditional domestic GDP indicators have been difficult to reflect the real situation of the Chinese economy。The concept of national total income (GNI) should be objectively viewed objectively and comprehensively，Beyond the GDP，It also covers the income brought by overseas investment。But，The calculation process of total national income is relatively complicated，Most non -economic professionals are still used to using old indicators，That is the domestic GDP calculated based on market price。

GDP as an economic indicator，Because of its easy understanding, it is widely loved by the public and the media。It is as deeply rooted in the heart of the keyboard layout of Kotu，plus concept is easy to grasp，Therefore, it has become a common tool for measuring economic Bet365 app download activities。When comparing the economic conditions of different times and regions,，GDP provides rich data support，Not only annual statistics，There are quarterly or even monthly detailed statistics，Although these data may be corrected，But they provide a large amount of materials that are easy to report for the media。Critics are eager to increase exposure，Tips on data on data，Especially in the 24 -hour uninterrupted television news，A short speech that attracts eyeballs is enough，Usually does not require complicated explanations。Participants in the financial market also responded according to the interpretation of the commentator and economic prediction，thus affecting the market trend。GDP and related reports of domestic product has become an important force affecting the analysis of the entire financial news industry and financial markets。

In the field of economic analysis，Short -term data can provide real -time information，But senior economic analysts are more inclined to interpret data from a long -term perspective。They know，Short data often needs to be corrected，Not the final conclusion。The early 1980s，I work in financial work in Haowei Securities in London, England。At that time, the economist of Haowei Securities Roger Nightingale always did not forget to consider two key long -term factors。One is the huge economic interest brought by the large -scale development of the European Beihai Oilfield to the United Kingdom，The other is the historic decision to join the European economic community in 1973。Natin Gel's reputation comes from the analysis of short -term data and the "next number" that can accurately predict the market，This is exactly what people expect。Negineger, who had worked at the National Bureau of Statistics of the UK，Inner logic of economic data、External influence and particularity have a deep understanding。He knows the normal nature Bet365 app download of data correction，and can lead the market to adjust expectations in the new direction。This ability makes Natin Gel very popular among stock agent，​​Because they can benefit from the increase in stock transaction volume。But for investors who pursue long -term value，This analysis method orientation of short -term data may not be completely applicable。

　　New Liberal Economists have historical blind spots

In the West，Many people think that the Chinese economy is completely different from their economic system。Some critics and admirations even call it unique。In my opinion，China's economy is not the alien in the eyes of critics，It is also unique to the unsuccessful.。There are differences between all economies，But there are often many common things，China is no exception。The economics community in the 1960s and the 1970s widely respected a book，That is the "The StageS of Economic Growth: A Non-Communist Manifesto" by American economist Walt W. Rostow.。Rostto elaborates in the book that the five development stages experienced by the economy from the primitive society to the highly industrialized society。Although there are certain limitations，Its theory still provides a reference for analyzing the form of China's economic development。

Today's new liberal economists choose a vague and unclear term to describe yourself。but，They seem to have forgotten or choose to ignore the development of the United States in the 20th century。In recent years，To promote market competition、Ensure the healthy development of the economy，China strictly enforces antitrust regulations。The 1950s，The share of the US economy in the world's industrial output and wealth reaches the peak，About half of the global total。At that time, the United States was supervised by extremely similar antitrust regulations，But，Many people today accused them when taking Bet365 app download the same measures in China。In the early 1970s，Even former US President Richard Nixon, which is known for its right -wing political position, has declared: "We are all Kanes now"。This indicates that Nixon accepts the point of view of the famous economist John Merner Kanes，When the private sector fails to effectively promote economic growth or create employment opportunities，The government should play a more positive role in promoting economic development。

Now，Many British have forgotten the history of this period from the 1950s to the 1960s。British in that era，The Conservative Party of the right accepted the hybrid economy mode，Allow coal、Iron、Railway and medical care industries to maintain public ownership。Internationally，Facing the new situation after the end of the colonial rule of several centuries，The UK accelerates the process of de -colonizing process。Subsequent，The Labor Party of the Left Wing has taken major measures，The clauses of the nationalization of production materials from their party charter。People use Butskellism to describe the extensive consensus on economic issues in the British Conservative Party and Labor Party in the 1950s and later for a period of time，"BUTSKELLISM" was the then Conservative Financial Minister R. A. Butler (R. A. Butler) and its predecessor、Combined by the name of Hugh Gaitskell from the Labor Party。Britain even set up a committee that is responsible for supervision monopoly and oligarchs。

New Liberal Economists and followers in Asia should re -examine Singapore's achievements in the past 40 years。Who can deny Singapore Airlines Co., Ltd.、Star Fair Bank and Jibao Group, the three government holding companies, have become regional leaders in their respective fields? Especially Singapore Airlines Co., Ltd.，It has grown into an industry benchmark globally。Public and private enterprises have potential to create glory，At the same time, Bet365 app download it may also face challenges，The key lies in the in -depth study of the deep -seated factors behind each successful or failure case。

　　China integrates global wisdom and local practice to create a road of development

China draws successful experience from the economic development history of various countries in the world，At the same time, I fully consider my own national conditions、Cultural and development potential。In the late 1970s，Deng Xiaoping after visiting Singapore，I got two exciting conclusions。First，​​A country where a Chinese occupies is fully capable of eradicating corruption。Next，State -owned enterprises that face difficulties，Through in -depth reform，Can be rejuvenated，Become a leader in the future。

Detailed analysis of domestic GDP data，You can see the huge changes in China's socio -economic appearance，and its increasing similarity between it and the developed economy。September 6, 2021，2021 China International Digital Economy Expo opened in Shijiazhuang。Member of the Political Bureau of the Central Committee of the Communist Party of China、Vice Premier Liu He attended and delivered a speech。Liu He said: "The private economy has contributed more than 50%of taxes to my country、more than 60%GDP、More than 70%technical innovation、More than 80%of urban employment、More than 90%of the number of market entities "。This significant achievement fully shows the vitality and toughness of the Chinese economy。

Now，Chinese private enterprises have shown strong global leadership in the field of electric vehicles and sustainable energy。These industries are hailed as future industries，Its booming is inseparable from the solid foundation of China's manufacturing。In the traditional industry field，Especially the production of intermediate products，China has achieved rapid development with four factors: huge market scale、Consumers' needs for high bet365 Play online games -quality products、Enterprise's rapid adoption of new technologies、The increasing returns brought by the increasing increase in innovative investment in the past 30 years。In addition，China's infrastructure includes high -speed railways and automated ports at the world's leading level。Other fields are also comprehensively deepening reform、Accelerate the catch -up，This is beyond doubt。Overall，High -quality development is the next stage of logical growth and development of China's economic growth and development。

　(Author is British economist、Investment analysts、Senior China Issue Observer)