“The next 10 years must be 10 years for emerging markets, and China’s economic development in the next decade will depend mainly on domestic demand, while domestic demand will depend mainly on private enterprises.” Li Daokui, a renowned economist, held the 8th China in Hangzhou on the 27th. Private enterprise summit said.

Li Daokui believes that in the “12th Five-Year Plan” period, we must grasp the general trend and know that there will be major structural changes in the next few years. From a global perspective, the global economy is undergoing a transformation. The US economy and the European economy lead the way. The pattern of world development has changed. "The next 10 years must be a decade of emerging markets, and in fact, in the next ten years, China will mainly rely on domestic demand, and domestic demand will depend mainly on private enterprises." Li Daokui put forward his own views.

Li Daokui said that in the coming years, macroeconomic policy adjustment will surely maintain a more aggressive fiscal policy, and the fiscal policy will undergo some reforms, including tax reforms for households; there may be some adjustments in financial and monetary policies. The monetary policy that is very loose like the past two years in response to the financial crisis will certainly change.

In view of the current difficulties faced by SMEs and the incompatibility between China's financial reform measures and economic development, Li Daokui believes that in the next five years, a wide range of all-round financial reform measures will surely be introduced in the financial sector, including expanding direct* * And the size of the stock market, expand the scale of entrepreneurs; at the same time appropriate to relatively reduce the importance of banks; gradually lead the financial direction of direct finance, so that all kinds of financial market financial instruments outside the bank can develop.