Lang 2011 , our days will be so difficult

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Even so, there are too many experts complain that our deposits, and said to encourage consumption. This is totally do not understand how hard our life of the people, but also because social security, health reform, education reform and housing reform have failed to effectively reduce the burden on ordinary people, so the poorer people more afraid to spend money, this has been Nielsen's survey data confirm. So, I asked the Government not to resort to these experts and the people that point the idea of ​​the savings! Saving is simply not a problem, so out of the question how to solve, the question is how wealth with the people.

If inflation is really into the decade, what will be the scene?
Lang: A: 2011 is the start of the second five years, while the second five-year plan for the first time to idea is very compatible. But as I analyzed in the book, we're not aware of The higher it is more stressed, the people of schooling and medical treatment is difficult, or too many complaints. Behind this is missing is that we do not understand the nature of the problem, and stop-gap measures, so I repeated to you as a scholar to explain the where. Similarly, for health reform, I noticed that there are plans to pay medical expenses during the second five are not over a third, but we always have too many plans, too many goals, of course, I hope that these objectives can be achieved better, so that life of the people will not so difficult.
What do you think of this assessment?


Also said that Chinese wages low?
not what I'm most worried about political risks, but fortunately the people are not happy flies. CCTV annual Select the rate which has been very happy about 4%. Very well choose not to happiness and the rise rate, 18% in 2007, 2008, 24%, 25% in 2009. 38% this year. Survey shows that the main reason for not being happy is not satisfied with income and housing.


Lang: China's current inflation problem is not so simple, is stagflation. I pointed out that this issue several years ago, so only speak out against four trillion. Stagflation is that the high economic growth has not, and inflation simultaneously. Inflation control is necessary to tighten liquidity, interest rates, raising the reserve ratio to control loans, no doubt it will be more to combat the economy. If you want to boost the economy, we must relax the liquidity and inflationary pressures will increase.
some experts have called the transition or industrial upgrading. The Learning Company 6 +1 in the global industrial chain, how to take control of the industrial chain.
Lang: Goldman Sachs is not a person in combat,nike air max 95, he represents the U.S. financial capital, their mutual division of labor and mutual cooperation. We expose the Goldman Sachs not to criticize the company, but want you to alert the U.S. financial capital of our damage and control.
Now our ability to meet the conditions for the transition? What is the direction in transition?
Lang: the American people are not restrained spending, but because of past abuse of consumer credit, excessive overdrafts, unemployment is still high, of course, weak consumption. How the financial crisis come from? Was originally a person can not afford a house, but the banks lend you money to buy you. Because prices have been rising over two years, the price appreciation that some banks pay you back for another loan, this part of the appreciation you will become Consumer loans continued to squander.
Only to the pursuit of GDP, local tax increases, official results? Or because of corruption? Or which of the reasons is more important?
text reporter ZHAO

to the sovereignty of the European countries to toy around with, at least we should guard against such opponents.
Lang: Those experts are copied textbook theory: the annual economic output for so many, for example, to 100 pounds of rice, and wages if it is 100, then the price of rice on a dollar a pound, so that If wages rose to 200, rice, or so much, so the price is two dollars a pound. This theory is basically on the U.S. and Europe, because those countries pay a very high proportion of GDP, so that you do not raise equal to inflation, because the thing is still so much more up wages, more money is not worth much, so there will be inflation .
premise of this theory, what are the conditions? National economy, wages have been spending most of the output lost. However,gucci men, China's total GDP, wages are lowest in the world, even if people pay double, and its impact on inflation and government borrowing is not one-fifth of the investment, not as one-tenth of the amount of days of credit. You think about it,mbt shoes sale, so we have a serious overcapacity, oversupply of all walks of life are serious, and anything up, that is,yellow christian louboutin pumps, wages are not rising, according to the theory of these experts, how likely inflation? But the reality then? Last year I proposed the idea of ​​stagflation, when alert, but also an economist and I debated, but now even he changed his point of view.
You once said that people began to despair of the poor. Do you think this situation continues, it will form a political risk? How to avoid this risk?
The central government to curb inflation, the most important way?

Lang: I recently proposed a Business investment and personal consumption of the national economy of the two horses, the Government took the whip while driving this tax. Now is that state-owned enterprises do not pull a cart instead of a burden in the car. Government does not horse, but with the increasingly heavy burden heavier whip. In 2009, fiscal revenue and profits of state-owned enterprises accounted for 35% of GDP. There are 20 kinds of enterprises of various tax, accounting for 70% of pre-tax profits, the world's most important. Personal pensions, for example, 8% of salary to be submitted to individual pension accounts on the same time, companies pay 20% again to the social pooling account, such a high proportion of contributions to the people but not because it is really old age, while because of loopholes in both historic and pensions, but also the high cost of co-ordination and management, investment income is too low in this series of questions. In other words, the process of redistribution of tax revenue could have been, but our revenue is close up on the end, not really to the people to spend money, not fair redistribution to the people. People to get rich is to reduce the burden on businesses and individuals make use of state-owned monopoly is no longer compete with the people.
Now local governments to reduce local government has made use of a large number of government financing so as to ensure local economic development, but this will create a great risk. How to change this with the tax system in place before the financial position of the center of the opposite? By transfer payments work? Or cancel the tax system again?
But when it was suggested that when the wages for everyone, experts say there could lead to inflation, between the two related? Whether the excess money is now reflected in the increase on personal income?

how tax money is not the core, but how to effectively spend money. The problem is not to cancel the current revenue-sharing, but to increase accountability. Need to spend money, the proposed budget, how to spend each money, then taxed. You must clearly tell the people you spend the money on where. As long as the money opaque, how the money is not enough, whether it is or where the tax system is not the nature of the problem debt.
What do you think Goldman Sachs is now in the Chinese financial market, as, for their cooperation with the Chinese capital you have anything to say?



Lang: buy a house you know how much people contribute to society? Land transfer in 2009 of 1.6 trillion nationwide, you know what that means? Universal health care in accordance with the standards of Shaanxi Shenmu 40 million reimbursement from 1.5 to 180,000,000 yuan per year to 1.8 only 585 billion a year can be calculated to achieve universal coverage. In accordance with the provisions of the land transfer of 10% for the protection of housing construction, 1,500 yuan per square meter of high standards of construction, can be built on 100 million square meters. Completed in 2009, our residential area, but 577 million square meters. This leaves eight hundred billion yuan, you can make the country's high school and college education are free. In other words, the annual land transfer enough for people to enjoy free medical care, low-rent housing, years of free primary and secondary education and universities free of charge.
I do not know those who think we are very strong on what basis, GDP it? GDP I never get that thing, we GDP over Japan, but I still study to study business management in Japan, and his cell-type production does have a good value. Our mistake is that most do not underestimate opponents. We have to learn why the United States as strong, technological, military, education, these are superficial. I have been the reasons behind the appeal of the We really need to learn from him.

increase in personal savings is in fact a pseudo-proposition. The growth rate of personal saving far less than businesses and governments. From 1992 to 2007, domestic savings-GDP ratio has been 20%, a growth rate of 0. Corporate savings-GDP ratio from 11% to 23%. Government savings from GDP4% to 8%. Increase in savings is the business and government.
2011, Lang released book, 1 month, Some of these problems is that we collected from the readers to. We also hope that Professor Lang answer can really solve the wider audience's suspicions.
Lang: 2009, imposed a land transfer 1.6 trillion, accounting for half of local revenues. Still want to levy property taxes, does not make sense ah. We never get to know, is the essence of property tax value to the house, not to curb housing prices.
So the Chinese do not

In early
Lang: First of all, I do not think the U.S. is perfect, on the contrary, I is the first criticism of the U.S. health care policy, financial problems and unemployment. Secondly, I am concerned about the scope of not only the United States. For example, I found the problem in the study aged pension policy in Canada and Chile, more worthy of our reference.
then wait for Wall Street hedge fund crisis, the euro, profit. February 2010, the euro net short 63,000 hands, watching and air forces is to look at more than 5.5 times the power. Why are hedge funds so much about the situation in Europe? Because Goldman Sachs know.
to Apple, for example, production of the product are Foxconn, but Foxconn's profit margin is only 5.94% in 2009 first half net loss of 142.6 million. Apple's gross margin for 2009 and 2010 at 40%. Apple's minimum wage according to the manufacturer where to set the maximum hours of work each product * Foxconn workers costs. The reason is simple, Apple in the industrial chain is standing on the highest level, and firmly to control the industrial chain links all the key points. Apple supplier directly to the various parts orders, parts will be procured in accordance with Apple's supply requirements on time to Foxconn's assembly plant assembly, and what each assembly process, how long, how many Apple should pipe material.


Lang: the nature of the problem is lack of government regulation, the root of the problem is the people, interests, I do this because I want to speak for the people.
College to do

Lang: This is the most typical Raise the reserve ratio is to recover the capital, but at the same place we have a large credit: 11 months of 2010, new loans 7.45 trillion, the sum of 2007 and 2008 was 8.4 trillion. On the other hand the local debt, the most conservative estimate of 7.6 trillion. Put out so much money to settle hundreds of billions of points to contain inflation, the flow properties of the role you play?
If you do not agree with this practice? He can directly intervene in high-level personnel appointments. August 2009, Gou successor to one of the pro-Point Hon Hai Jiang Haoliang suddenly out of the core business line, into the Special Assistant positions. Specific reasons for iPhone just because of small parts in a cost control did not follow Apple's disposal. It is said that Apple directly to Terry Gou, to let the general manager to step down, or do not do business with you.
Lang: We are not manufacturing countries, the United States is the real manufacturing powerhouse. They control the 6 +1 whole industrial chain, we just one piece.


Lang: What is economic development, investment by local or central funding to ensure economic development is a wrong proposition. We nineties poor infrastructure, repair roads and railways, engage in industrial park development of foreign trade economy is correct. Now the infrastructure is already complete, and places still make great efforts to repair the high excess capacity of iron and the airport, this road has come to an end. Economic development through business investment and personal consumption driven. Example, this year there are 100 yuan economy output, the government is sufficient to take 20 bucks, this is not for Three Public consumption or take the old road, but should be put into health, education, protection of housing, so that the poor share the benefits of development; the remaining 40 leave the company to expand production, hire more, pay rise; 40 people spending money left, so naturally toward domestic demand-based economy. In the long run, really is not a guarantee of economic development investment and inefficient local government performance projects, but business has been enough investment in research and development and reproduction of profit, the people have enough spending power to buy these products.

the so-called macro-control to the last one is a micro problem. I have been called These are the conscience of a scholar at least.
The need for a fundamental solution to this problem? Broaden the investment channels through it? Can occur in mainland China, the interests of individual investors and ensure the investment channels? Investment in the stock market now would be a great risk?

Lang: I am very sympathetic to our people in China, I suggest they do not know. Invest in gold, is now up too far off the mark; fried big foreign exchange risks; in the stock market is full of insider trading; run enterprises, the tax burden more than 70% of profit before tax. Investment in real estate, now the Government limits every day. Now that I think the American people to live so simple to buy into their 401k or pension fund accounts on the line, the government is responsible for his preservation, care for your money. We end the government can not provide a good investment environment.
situation is completely different in China, China is moving towards M-type society, both rich and poor increased, the middle is missing. Depression, dining and entertainment industry is not normal, not reduced but increased because of the rich. But ordinary people, not necessarily how the entertainment and prosperity. To the cinema as an example. 10 million people in China have a few screen is 0.41, the United States is 12.7, the gap up to 30 times. M-low wages and lower classes is an objective fact, dining and entertainment depression is not directly related to depression and they do not. Dining and entertainment industry you should not judge China only see Beijing and Shanghai, you go to three or four lines of small cities and small town to see some hotels closing to know, where is the home to the majority of Chinese people.
Lang: I see the community more of a frustration rather than despair.
The problem is, we do real estate close up with the money, and no one knows. This is not the fault of real estate, nor is it the fault of people buy a house, is our financial system is not accountable, transparent and unfair. Levy property taxes now, it seems that the issue price is to buy a house these people to blame, but what you think about it who is responsible?
Lang: fundamental reason is that young people have no chance in society. Civil service because he provides a steady source of employment. This super girl, super hot men is the same reason, the draft for young people the opportunity to become famous.

course, Goldman Sachs is the leader of these companies. I The euro crisis, for example, Greece hopes to enter the euro zone in 2001, but two of his reach EU standards, the budget deficit not exceed 3% of GDP, the debt ratio is lower than the gross domestic product, 60 %. Goldman Sachs to design a set for the Greek Goldman Sachs to know the future of Greece will definitely have problems. Therefore, a German bank Goldman Sachs bought Pianxiang 20 years of one billion euros of CDS Once the Greek government in payment crisis, the bank will pay the sale of CDS Goldman 10 billion euros shortfall.
is worth noting that the Chongqing model does not just high-end residential property tax levy so simple! This requires a series of systems engineering behind, if not the system works, and only property taxes, then that is wrong. The first large-scale systems engineering protection of housing construction, low-cost rental housing to ensure that home ownership. But also very clever design, these houses will sell only to sell the government, such a
comply with public opinion there would be no political risk. For example, the results of 2006, the people most concerned about health care. Then conducted a health care reform in China, now the farmers can be reimbursed 60% of the ordinary medical expenses. Although there are many problems, but people in this area by at least a little satisfaction.