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Yuan Gangming
GDP
Through the second half of this past year, a number of tax incentives have been brought in to try to help small and medium businesses survive the tightened lending brought on by government controls to try to keep inflation in check. At the same time, Yuan Gangming says measures to raise the income of traditionally low-income stratas of society are also expected help to stimulate consumption and boost growth. "To stimulate domestic demand, the percentage of residents' income in the GDP should be further raised. The economy should shift from excessive reliance on the property market to expanding domestic consumption for development." However, Yuan cautions that China's economy has been heavily-reliant on key sectors, such as the property market, over the past few years. But with the property market here in China now slowing down, Yuan Gangming is suggesting that government spending on social programs, such as medicare and low-income housing would go a long way to diversifying the economy and keeping it healthy. China's top leadership has recently suggested that a slew of measures to ensure quote "stable and relatively fast" economic growth this year are going to be brought in.