日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / View

Anti-corruption campaign will boost economy

By Yao Shujie and Wang Feng (China Daily) Updated: 2015-03-09 07:54

China's GDP only overtook that of the United Kingdom in 2005, that of Germany in 2007 and Japan's in 2010, but today, it is almost four times more than the UK's, three times that of Germany's and more than two times that of Japan's.

One needs to remember that corrupt consumption of luxury goods and dining in expensive restaurants by government officials and businessmen is an "abnormal" phenomenon. It seemingly drives economic growth, but it accentuates inequality and causes social and political discontent.

With the anti-corruption campaign, China can improve political stability and the government can gain trust from the people. These are necessary conditions for social justice and long term economic growth.

In fact whether the anti-corruption efforts are helpful or harmful to economic growth in the short-term depend on the level of corruption. When the level of corruption is low, anti-corruption efforts will lead the economy to grow faster. However, when the level of corruption is high, the short-term effects of the anti-corruption efforts on economic growth will be negative, meaning that corruption's "lubricating" effect dwarfs its "drag" on the economy.

One could then argue that the current level of corruption in China is high, and hence, the anti-corruption campaign being maintained by Xi and Wang might in part have caused the Chinese economy to slow down. But this is only a small part of the full story. The truth is that the long-term effects of anti-corruption efforts on economic growth are far more profound than their short term impact.

In the long term, anti-corruption efforts will reduce the level of corruption, and hence, they will definitely promote long-term economic growth.

Further analysis suggests that if the current anti-corruption campaign is able to reduce the level of corruption by a half, it will generate a long and sustained positive effect on economic growth.

Furthermore, it should be stressed that not only is the anti-corruption campaign beneficial for China's long term economic growth, it will also help create a more equitable, just and harmonious society, which is the necessary foundation for the ruling Communist Party of China to lead the country to its next level of social and economic development.

Yao Shujie is professor of economics at the University of Nottingham and Chongqing University. Wang Feng is an associate professor at Chongqing University.



 

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 91精品国产综合久久久久久 | 中文字幕综合在线 | 亚洲1区 | zjzjzjzjzj亚洲女人| 极品少妇xxxx精品少妇偷拍 | 成人免费网站在线观看 | aaaaaa毛片 | 免费看黄色小视频 | 日韩av一 | 毛片视频网站在线观看 | 一级真人毛片 | 久久久av网站 | 黄色日韩 | 福利在线看| 天天天天天天天天操 | 久久午夜伦理 | 九九爱精品 | 国产三级小视频 | mm131午夜 | 蜜臀传媒 | 97人人视频 | 亚洲天堂日本 | 免费在线视频一区二区 | 久久久中文字幕 | 国产区精品| 欧美视频色| 97在线视频免费 | av免费播放网站 | 精品中文字幕在线观看 | 国产主播在线观看 | 草久久免费视频 | 超碰在线人人干 | 中文字幕一区二区三区四区不卡 | 美女色视频 | 亚洲综合涩 | 熟女少妇a性色生活片毛片 欧美福利在线视频 | h片在线免费看 | 极品毛片 | 国产成人精品久久二区二区91 | 欧美日韩精品区 | 黄色网页免费看 |