The Research On The Gap Of China's Economic Growth And National Welfare

As of 2007, China's high economic growth has lasted 29 years, according to constant prices, from 1979 to 2007 , China's GDP growth rate of 9.79 percent annually, GDP per capita average annual growth rate of 8.58%.That is a typical "high—stable "economies. However, we feel that the social structure of China has not qualitative change like Japan or other the four Asian four dragons. That is, economic growth and national well-being of the dislocation between .In this paper ,we will find out the relationship between them by referring to a wide range of relevant research and data collection.It has special significance to look at this issue at the backgrounds of the 30th anniversary of China's reform and opening-up and global recession.The relationship of economic growth and national well-being is very complex, but not too much people have had such a comprehensive study .Because of all the different emphasis of the research, they analyzed only one aspect of national well-being in terms of economic growth changes. This article compares China's national well-being indicators of the high growth phase with Japan and the four Asian four dragons, to explore from the source of economic growth and changes in national welfare trajectory to targeted to recommendations. This article reviewed the connotation of the national welfare, and then reviewed the high economic growth in the process of economic growth and national well-being , these studies are a source of ideas of this article.In this paper, first with data to prove that China is a typical high-growth economies; then elaborate China's high economic growth on the sources and characteristics, to draw the conclusion that Chinese economy is a typical "three highs"-type economy; and then explain the conditions that China's economy dependent on for high-growth: natural resources, capital, and the distortion of prices of foreign exchange are the main driving force. In explaining the high economic growth in the process of changes in national welfare ,with comparison of relevant indicators about countries had successful economy transition like Japan and the Asian four dragons and interpret from the lower consumption rate and the level of Government to provide public goods , the distribution of essential elements, income gap, environmental destruction, etc. In terms of policy recommendations, first, promoting market-oriented reform of prices, not only for national security and steady economic needs in the new era, but also a manifestation of economic efficiency; completely policy of distribution of the elements , policy of fiscal expenditure; nurturing small and medium enterprises, reducing growth rate to appropriate adjustment. These recommendations to improve national welfare and steady economic growth have a significant meaning.