bet365 sign up bonus code is one of the core challenges facing China’s economic development at this stage。Since World War II,Only 13 low-income economies have achieved convergence with developed countries (Portugal、Spain、Greece、Poland、Slovakia、Estonia、Israel、Cyprus、Japan、South Korea、Singapore、Taiwan, China and Hong Kong, China)。During the rapid growth of these economies,Income inequality is at a low level,Achieved “equal growth”。Opposite,Nearly all developing countries with worsening bet365 sign up bonus code have not achieved long-term economic growth。Since the 1860s,Most Latin American countries are in the process of industrialization,The political situation is unstable,Economic growth is unsustainable,Eventually fell into the "middle-income trap",Resulting in economic stagnation。Therefore,Can China’s economy successfully overcome the “middle-income trap”,bet365 sign up bonus code plays a vital role。
In recent years,my country’s bet365 sign up bonus code situation has improved,But it’s still not optimistic。Gini coefficient of domestic residents’ income from 2012 to 2017 published by the National Bureau of Statistics,0 respectively.474、0.473、0.469、0.462、0.465 and 0.467。Despite a weak downward trend,But its value is still higher than the "warning line" recognized by the international community for the social gap between rich and poor - 0.4。In addition,China Family and Individual Survey (CFPS) data display,China’s Gini coefficient in 2010 and 2012 was 0 respectively.51 and 0.49。The China Household Financial Survey (CHFS) data shows,China’s Gini coefficient in 2010 has reached 0.61。The continued deterioration of the bet365 sign up bonus code structure has attracted great attention from the government,"Narrowing the income gap,Increase residents’ income,Sharing the fruits of economic development” has become an important development goal of our country at this stage。
What needs to be pointed out is,The main mechanism that worsens bet365 sign up bonus code and hinders economic growth is unequal opportunities。Under the premise of equal opportunity,Inequality in society often results from differences in individual efforts,Thereby motivating individuals to work harder,Conducive to sustained economic growth at the macro level。Vice versa,Deterioration of bet365 sign up bonus code caused by unequal opportunities,Easy to cause social conflicts,Thereby hindering economic growth。Therefore,Achieving equal opportunities is to promote economic growth、An important means to improve bet365 sign up bonus code。Theoretically and logically,Personal income mainly comes from two sources: obtaining its labor income from the labor market,Obtain its capital income from financial markets。Build an bet365 sign up bonus code system that reflects efficiency and promotes fairness,Need from labor、Start by equalizing market opportunities for capital and other factors。
First,Increase investment in education in rural and backward areas,Promote equalization of educational bet365 sign up bonus code。
Education can improve the income level of low-income people、The most important channel to achieve class jump。The college entrance examination and other systems have allowed many individuals to move from rural areas to cities,From small cities to big cities,Not only increased their own income level,Also promotes social class mobility,Played a very important role in improving bet365 sign up bonus code。But in recent years,The inequality of educational opportunities in China has begun to increase,The problem of solidified social classes is becoming increasingly prominent,And it is concentrated in the inequality of educational opportunities between urban and rural areas。Currently,The average education expenditure per student in urban China is nearly twice that in rural areas。This difference in investment in education has led to a growing gap in education quality between urban and rural areas,The income gap between urban and rural areas is also difficult to bridge。There are research findings,The difference in education level is the most important factor influencing the income gap between urban and rural areas in China,The contribution level reaches 34.69%;If the per-student investment in education in rural areas is the same as that in cities,The income gap between urban and rural residents will be reduced by 50%。
In addition to unequal educational opportunities between urban and rural areas,China’s inter-regional educational opportunities and intra-regional educational opportunities also show obvious imbalance。Developed areas tend to have richer educational resources,Invest more in education,The quality of education is also higher,Regional gaps in education will further expand regional bet365 sign up bonus code gaps in the long term。Specifically,The educational development gap between provinces in our country is one of the important reasons for the bet365 sign up bonus code gap between regions,The sustained and balanced development of education will help narrow the bet365 sign up bonus code gap between regions。Unequal educational opportunities within regions,Mainly reflected in the fact that the educational opportunities of high-bet365 sign up bonus code groups are significantly greater than those of low-bet365 sign up bonus code groups,Thus deepening bet365 sign up bonus code inequality,At the same time, it is easier to cause class solidification。
Unequal educational opportunities will also have a negative impact on economic efficiency。Human capital is one of the most important determinants of a country’s economic growth。Reduce inequality of educational opportunities,Not only can it alleviate social inequality,It can also improve social efficiency,Promote economic growth。Implementation of nine-year compulsory education,Provides basic education guarantee for low-bet365 sign up bonus code groups,Is a basic premise for equalization of educational opportunities。However,The quality of education is still between urban and rural areas、Between regions、There are obvious differences within the city,This requires further consolidating the results of compulsory education,Increase investment in education per student in rural areas and backward areas,Improve the quality of its education,Continuously promote equalization of educational opportunities。
Second,Further promote the reform of household registration bet365 sign up bonus code,Promote equal opportunities in the labor market。
The household registration system has had a profound impact on labor income inequality in our country。Generally speaking,The labor force shifts from the primary industry to the second industry、In the process of transferring the three industries,Their salary level will be significantly improved,Thus increasing the income level of low-income groups。But the household registration system strictly restricts the labor force in urban and rural areas、Free movement between regions,Becoming a key factor leading to the current urban-rural income gap。Since the reform and opening up,A large influx of rural people into cities,However, there is a certain gap between the wages of migrant workers and the wages of citizens,The phenomenon of unequal pay for equal work is very common。A “new binary structure” is formed within the city based on whether one has a local household registration,This institutional segmentation is profoundly affecting the bet365 sign up bonus code within cities in our country。Look further,The employment system established based on the household registration system、Education system、Medical system、Social security system, etc.,The formation of urban and rural areas、Serious inequality of opportunities between regions,Resulting in the continued widening of income gaps。In addition,The household registration system is not conducive to the optimal allocation of labor resources,Hindering the improvement of economic efficiency。
In recent years,my country’s household registration bet365 sign up bonus code reform is advancing steadily,The equalization of opportunities in the labor market has also been greatly improved。However,The education bet365 sign up bonus code connected with the household registration bet365 sign up bonus code、Medical bet365 sign up bonus code、The social security bet365 sign up bonus code has not yet “broken the ice”,There is a long way to go to achieve equal opportunities in the labor market。For example,There are still many obstacles to the inter-provincial flow of pension and medical insurance,It is still difficult for children from other places (especially big cities) to go to school。Education、Medical、Regions with public service resources such as social security、Urban and rural division,Seriously hindering the free flow of labor,Reduced economic growth potential,Expanded social inequality。For this,It is necessary to coordinate education、Medical、Social security and other resources,Break local divisions,Promote the free flow of labor,Achieving social equity and sustainable economic development。
Third,Accelerate financial market reform,Promote equal bet365 sign up bonus code in financial markets。
Finance is the core of economic development,It is also an important factor affecting bet365 sign up bonus code。The degree of financial market development has a significant impact on a country’s bet365 sign up bonus code,Lagging financial market development tends to worsen bet365 sign up bonus code。If a country’s financial market is functioning well,Residents can share the fruits of economic growth through financial markets (including stock markets and banks, etc.)。Therefore,When a country’s economic growth rate is high,Its bank deposit return rate (real interest rate) and stock market return rate are also higher。However,The relationship between my country’s stock market return rate and economic growth is relatively weak,The rate of return on bank deposits is also out of touch with economic growth。For example,Since the reform and opening up,my country’s average annual real GDP growth rate exceeds 8%,But the real interest rate on one-year bank deposits is less than 1%,Far lower than the economic growth rate。
The main reason why my country’s economic growth is out of touch with the rate of return of the financial market (especially the banking system),On interest rate control。Our country has long-term controls on the maximum interest rate for deposits and the minimum interest rate for loans。Regulated interest rates are often lower than market interest rates,The purpose is to subsidize some key industries that need support (such as heavy industry in the early days of the founding of New China) in the form of low interest rates。However,This kind of interest rate control has had a great negative impact on bet365 sign up bonus code。Interest rate controls have enabled some companies to obtain low-cost financing,And residents can only get very low savings returns,An upside-down mechanism for residents to subsidize enterprises has been formed。Faced with low capital usage prices and relatively high labor costs,Companies are more inclined to choose capital-intensive technologies,Replacing labor with capital,This leads to a decrease in the share of labor income,Deteriorating bet365 sign up bonus code。At the same time,Within residents,Poor people are often savers,The rich are borrowers。Interest rate control actually creates an inverted mechanism in which the poor subsidize the rich,Accelerating the trend of residents’ wealth distribution being concentrated towards the rich。Interest rate controls also inhibit individuals’ enthusiasm in the field of financial investment,Turn it towards real estate investment such as real estate。And residents’ strong demand for home purchases,This has led to rising housing prices、Rents continue to rise,Further deteriorating the bet365 sign up bonus code pattern。
In recent years,my country has gradually liberalized interest rate controls,Greatly promoted the process of interest rate liberalization。However,Only by combining unregulated interest rates with market-oriented actors,Only in order to realize the true sense of interest rate marketization。current,Interest rates in my country’s financial market are basically determined by market forces,But the entities participating in the financial market are still not market-oriented。Local Government、State-owned enterprises and other entities that are not sensitive to interest rates have an important impact on financial market prices,Distorting financial market price signals。Therefore,The essence of interest rate marketization,Not only the “deregulation” of interest rates,More importantly,Let interest rates in various financial markets accurately reflect capital returns,Let residents share in the development results brought about by bet365 sign up bonus code through the financial market,This is a key issue that must be faced and solved in the next step of my country’s financial market reform。
In a nutshell,Equal opportunities in the labor market and financial market are constructs that reflect efficiency、The focus of promoting a fair bet365 sign up bonus code system,The focus is to promote equalization of investment in education、Reform of the household registration system and reform of the financial system。
(The author is a professor bet365 sign up bonus code School of Economics, Central University of Finance and Economics)
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