THE PANGOAL INSTITUTION AND K&A INSTITUTION HELD THE REPORT CONFERENCE ENTITLED
THE PANGOAL INSTITUTION AND K&A INSTITUTION HELD THE REPORT CONFERENCE ENTITLED

On April 16th, the report on the “Policy Recommendations for Stabilizing Economic Growth (I) under the Background of Population Mobility” jointly sponsored by the Pangoal Institution and K&A Institution was held at the Pangoal Institution. Yi Peng, the president of the Pangoal Institution, Wan Zhe, academic member of the Pangoal Institution, chief economist of China National Gold Group. Zhou Ji, director of the Department of Advisory Service of the Pangoal Institution, Zhang Zhuoqun, senior researcher of the Pangoal Institution and other experts and scholars attended this conference. They discussed on how to tackle economic downturn, population mobility, lack of public services in big cities, etc.

Yi Peng, the president of the Pangoal Institution

Yi Peng, the president of the Pangoal Institution, firstly discussed the economic development dilemma and population movements that China are currently facing. After experienced the economic growth miracle for more than 30 years of reform and opening up, China's economic growth rate has been gradually slowing down since 2011. By 2018, China's GDP growth rate has dropped to 6.6%. In the future, China will face a complicated and complex situation at home and abroad that has not met for many years, and economic growth is facing further downward pressure. As far as the trend of population movement is concerned, as China gradually enters the aging population period, the flow of China's labor population presents new features gathered in central cities and provincial capital cities other than Beijing and Shanghai, and compared with the northwest and northeast district, the population agglomeration effect of the large cities in the eastern and southern parts of China is more obvious, and the trend of population increase will continue.

Wan Zhe, an academic member of the Pangoal Institution and chief economist of China National Gold Group

Zhang Zhuoqun, senior researcher in the Pangoal Institution and assistant researcher in the Institute of Urban Development and Environment of the Chinese Academy of Social Science

Wan Zhe, academic member of the Pangoal Institution and chief economist of China National Gold Group, stressed the dilemma of “scrambling, cultivating and supporting people” faced by major cities in China in accumulating human capital, and highly affirmed the timeliness and necessity of this meeting. Zhang Zhuoqun, senior researcher in the Pangoal Institution and assistant researcher in the Institute of Urban Development and Environment of the Chinese Academy of Social Science, further proposed the development direction of these topics in the future. It can be combined with big data to study the relationship between population inflow and increased investment in education for a specific model city. To achieve accurate investment driven by the big data, improve return on investment, reduce waste, and point on the way for future research direction.

Zhou Ji, director of the Pangoal Institution consulting service department and secretary of the K&A Institution

Subsequently, Zhou Ji, director of Department of Advisory Service of the Pangoal Institution and secretary of the K&A Institution, discussed the necessity of investment in education field. The rapid agglomeration and urbanization of the population also put higher demands on the construction of urban public facilities and public services. However, in the face of these changes, the data shows that the education investment in most major cities in China does not match the rate of population growth. The demand for public services related to education has increased year by year, and it is difficult to meet the needs of local population growth and economic development. The local government urgently needs to increase investment in compulsory education and vocational education to meet the needs of new populations for education. Scientific investment in education plays an important role in promoting economic development. It is an important method to increase the attractiveness of local talents, and an important long-term factor on promoting economic development.

Therefore, the participating scholars Yi Peng, Wan Zhe and Zhang Zhuoqun jointly suggested that the government must continue to increase investment in education, increase investment in school buildings and increase the wages and benefits of teaching staff. At the same time, we should break the household registration thinking, quickly adjust the supporting situation of financial resources and administrative resources according to the changes in resident population, and allocate the public service industry with the power of the market. Finally, we should promote the development model combining vocational education and industrial park and the education model of “Internet +”, and promote the investment of private capital in education, as well as improving the return on investment and promoting the sustainable development of economy and society.

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