王小鲁：经济增长、收入分配与结构调整

经济增长、收入分配与结构调整EconomicGrowth,IncomeDistributionandStructuralRebalance王小鲁中国改革基金会国民经济研究所WangXiaolu,NationalEconomicResearchInstitute,ChinaReformFoundation资本增速，经济减速 Fastercapitalgrowth,slowerGDPgrowth严重的产能过剩Seriousovercapacity

(capacityutilizationrateinindustry)资本生产率下降 Rapiddropofcapitalproductivity投资-消费结构失衡

Structuralimbalancebetweensavingandconsumption(%ofGDP)投资扩张与化石能源消费

Growthoffossilenergyconsumption&fixedcapitalformation大量能源消费与空气污染—北京

AirpollutioninBeijing全国的空气污染

AirpollutioninChinaGovernment&SOEinvestmentplayedaleadingroleininvestmentgrowth1/3bygovernmentandSOEsGDPandinvestmentarestillthemostimportantgoalsforlocalgovernmentsIndicatingneedsforchanginggovernmentincentivemechanismandbehavior大量投资与政府行为相关

Massiveinvestment&gov.behaviorExcessivesaving/investmentandinsufficiencyofdomesticconsumptionisalsoaresultofincomedistributionimbalanceDuetochangingdistributionpatternofnationalincomeAlsorelatestoincomeinequality结构失衡与收入分配相关 Structuralimbalance&incomedistribution国民收入分配：政府、企业、居民Incomedistribution:government,

corporationsandhouseholds收入差距急剧扩大（基尼系数）

Enlargingincomeinequality(Gini)A10percentagepointreductionofsavings/capitalformationratesandsameincreaseofconsumptionratewillleadtoamoreinclusive&sustainablegrowthwithoutlowergrowthrateToachievethis,policyadjustmentandinstitutionalreformsareneeded保持增长需要结构调整和体制改革

Weneedstructuralrebalance市场配置资源

Markettoplaydecisiverolesinresourceallocation减少政府干预

Reducegovernmentintervention改善收入分配

Improveincomedistributionforcommonaffluence公共服务均等化

Equalizeprovisionofpublicservices三中全会关于改革的决定

Reforms:theCCPcentralcommitteedecision,Nov.2013财税体制改革

Reformfiscal&taxationsystemsfortransparency，bettertransferpayment&fairtaxburden城乡一体化发展

Integrateurbanandruraldevelopment户籍制度改革

Reformofthehouseholdregistrationsystemetc.AchievingthesegoalswillleadtoinclusiveandmoresustainableeconomicgrowthThekeyissueistopushf