<p> we believe that China's GDP data may have systematically underestimated. This is not only because such services and the "underground economy" and has never been a complete statistics come in, but also because China's economic development has always been accompanied by a process called monetization and capitalization. Since monetization and capitalization are gradually unfolded,outlet hogan online, national output in this process is often difficult to statistics generated by network synchronization coverage. These occur in the real economy in the drain system,scarpe hogan uomo, the growth of money supply has its counterpart performance. For a long time, the growth rate of the money supply has remained significantly higher than the real GDP growth rate and the inflation rate and the trend is to use professional terms, China's economy there is large-scale and long-term "money lost." Persistence of this situation to some extent confirms the possibility of economic growth persist undervalued. All in all,hogan donna, the increase of water due to the statistical data itself.</p>
<p> an average of 3.5,hogan, at a later stage than we an increase of 52.2 percent the previous stage! Compared with similar growth phase of the developed countries,hogan scarpe, China's current stage is significantly higher incremental capital output ratio. Second,hogan online, the structural causes of economic growth in water From the law of development,hogan rebel, China's economy has so far still in the development stage to catch up. The basic features of this stage is the obvious factors of production scale expansion, ample opportunities for structural profitable growth showing more extension and expansion characteristics. Correspondingly, China's economic growth at this stage in the water relatively large number, also expected. However, the water source of growth,hogan italia, people have different views. Many eyes will analyze statistical data pointing to itself, consider our long-term presence "only GDP" guide, and continue to strengthen the tendency to induce local governments up false GDP figures. In recent years.</p>
<p> in essence, does not touch the issue. We believe that China's economic growth so that the presence of moisture, is closely related to the stage of development which, in a fundamental strategic decision by the catch-up development of the GDP-oriented incentive mechanism. In the catch-up development stage,hogan uomo, the macro emphasis on economic growth and decomposition of the implementation to local governments,hogan uomo, is to GDP for the assessment index system of the core. To some extent,hogan donna, local government plays the role of associate companies. On the one hand,hogan outlet, they are directly funded urban construction and investment companies such as local investment institutions, infrastructure construction and real estate development; on the other hand,hogan scarpe, they passed down land prices,hogan donna, disguised tax breaks, government credit guarantees,scarpe hogan, etc., influence and guide the area investment behavior of economic agents within indirectly achieve their willingness to invest. For this reason, although we agree with the view that the competition between local governments of China's economic growth passwords.</p>
<p> all of the local GDP plus short,spaccio hogan milano, and far greater than the national GDP, is this evidence of chaos. Technically, though flawed, GDP actually was able to describe the approximate status of a country's economic growth,hogan outlet, especially after adjustment change over time, at least not long-term systematic deviation occurs. For this purpose there is a fact that can provide evidence to judge. 2004 and 2008,hogan online, our country had twice the national economic census, the results of each census have raised gross domestic product amounted to about 10%. This at least shows that China's GDP data is not systematically overestimated. On the contrary.</p>
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