Private economy in China

Private economy in China

Private economy in China
The two session of the twelve CPPCC National Committee held this afternoon “to deepen the reform and promote the sustained and healthy economic development” press conference, the CPPCC Standing Committee, former vice chairman of the NLD central Peking University, director of the division of Social Sciences, honorary president of Peking University Guanghua School of management, Li Yining at the meeting said that the reform of the rest of the hard is mainly of interest group and institutional inertia.
Li Yining said that our reform has been more than 30 years, today’s reform situation and more than 30 years ago is not the same, because some of the more easy to reform has been changed, and the rest are some problems. Mentioned “what is the bones? I actually saw two big questions. First, interest group. Interest groups, they believe that the reform is detrimental to their interests, so there are a variety of different responses.
Second, according to the view of institutional economics, there is a system of inertia, also known as path dependence. The old road is used to, and the new road is always the right place, where it is not appropriate, the old road is always the most insurance. These two problems need to be solved in the reform.
Li Yining pointed out that the interests of the group should be the first of the future prospects of China, China’s future development as a problem for us, interest groups on this issue should be subject to the overall situation, we need to change, but we also see the actual interests of the reform process should be considered from the overall situation, not because some of the interests of the group’s opposition or obstacles to reform, which requires determination. As for the path dependence problem, it is also the need for a kind of courage to reform. Because people are accustomed to, think of the past, the right, the right, so many years, and now what. Also has a problem of concept renewal. So, I think the prime minister Li Keqiang mentioned “a ruling means to resolve”, which is consistent with the actual China”.