经济学专业英语论文
- 格式：doc
- 大小：23.50 KB
- 文档页数：4
Back In The ColdIn the 1930s, north-eastern China industrialized under Japanese military control, after the establish of the People’s Republic of China, Mao Zedong made it the heartland of heavy manufacturing. At that time, it’s a glory of China. But its star faded as China opened to the world in the 1980s. The deltas of the Changjiang and Pearl rivers made more fertile ground for entrepreneurs; So north-east lost it’s advantages in competition, over-capacity in heavy industry is also pervasive. All of these lead the north-east to a sharp and painful downturn.The government was trying to change the situation. In the late 1990s, Zhu Rongji, China’s then prime minister, took a knife toloss-making state-owned companies to reduce the burden of the central government. As a result, unemployment soared and mass protests spread, but the problems in north-east were still there, it proved this measure haven’t worked well.The government came up with a plan named “revitalize the old north-east industrial bases” in 2003. The idea was to transform state factories into lean, modern entities; To broaden the economy by cultivating new industries, from tourism to software. Judging by growth only, the government achieved almost instant results. The north-east’s average growth of 12.4% in 2008-12 was nearly threepercentage points above the national pace, making it China’s fastest-growing region. What’s more, the region’s GDP that made by the state-owned firms has fallen to about 50%, still above the national average of 30%, but progress nonetheless. But what we can’t ignore is that the structure of the north-east’s economy has worsened in a more important respect. It has become ever more reliant on investment and manufacturing, both geared to the now slowing property market, but in the other parts of China, services now accounting for more of GDP than manufacturing, that means the north-east has gone in the other direction.Problems came again. Over-capacity in the realty industry led many companies and even the local government into a capital tense situation. Their dominant commercial relations have been with Japan, but heightened tensions between China and Japan in the past few years have got in the way. Japanese investment in Liaoning was 33.5% lower year-on-year in the first three quarters of 2014. In the other hand, the birth rate in the north-east is less than one child per women: a third lower than the national average. What makes worse is emigration, with a net 2 million residents working in other parts of china. All these made the north-east suffering a lot, now it has some “ghost towns”, which are designed for people who used to work in the big cities.The central government is worried again. Li Keqiang, the prime minister said the nation owed a debt to the north-east for its contributions to China’s development. Soon after, the cabinet unveiled a list of 35 measures--a new “revitalization” strategy to help the region. Encouragingly, they dovetail with a new round of market reforms that the government is promoting across China.Some questions come into my mind. These measures probably will make the economy of north-east turn to a good way, but for how long? What will the government do when it decline again? Can we solve the problem in north-east in one time? Actually, what happened in the past decades shows that whatever measures the central government have taken to revitalize the old north-east industry bases, it only solve the ostensible problem, when the central government takes measures, that means billions of cash flow, we also know that bureaucracy was excessive and that the falsification of data was rampant in China, so it’s extremely difficult for me to believe that the capital will be used to revitalize the economy only. So, I believe what the central government do will only make the economy situation get better for a few years, this kind of behavior is a waste of money and time.From the foreign experience and the reality, we know that market have the ability to regulate itself. When a region’s economygoes down, capital will flow to direction that suits the condition better, maybe it will take time, maybe the process is painful, but by this way, the market will gain the energy and precious experience to regulate itself, the central government won’t have to be worried every time when the economy goes down.But the situation here in China is a little complicated. The central government has a strong control over the whole country in every aspect, it’s like the head of a family. State companies and even the private firms run their business under the control of the central government or at least follow its directions, “letting go” means it will lose much wealth and the power to control. As the past few years have shown, letting go is hard to do in China’s old industrial heartland.So the best way to get the north-east out of cold is letting go, we hope the government will have the courage to do it as soon as possible.。
