This article is a compilation of the speeches made by Professor Fan Conglai at the Symposium on "Innovation and Practice of the CPC's Economic Development Theory in the Past 100 Years" and the 23rd Annual Conference of the China Economic Development Research Association on October 16, 2021.
Fan has always believed that common prosperity is a major problem facing world economic development. There are many problems to be solved on China's road to common prosperity, and pro-poor growth is the key to common prosperity. At present, China's income gap is in the higher middle stage, and the expansion of income gap and wealth gap is relatively fast.
The ideal state is to protect the income of low-income groups, increase the income of the middle-level group, and encourage the income of the higher-level group. And such a development idea is actually the pro-poor growth proposed by the Asian Bank in 1999. By calculating the growth elasticity of China's poverty reduction in recent years, we find that China's economic growth has been pro-poor most of the time. The fight against poverty in the past few years has led to a rapid increase in the speed of poverty reduction. Decomposing the factors that affect the pro-poorness of economic growth, it is found that the effect of price stability is better than that of economic growth, and the secondary distribution is pro-poor. In addition, he further analyzed how to coordinate the initial allocation and the third allocation. And what kind of fiscal expenditure is more conducive to pro-poor.
