ABSTRACT

After reading the reports by comrades Yao Yilin and Wang Bingqian, many comrades feel that our national economy has turned "sunny" since the policy of "adjustment, reform, reorganization, and improvement" was announced in the Second Session of the Fifth National People's Congress. They think that our present economy looks very bright. But the big budget deficits seem like clouds that interrupt the otherwise clear sky. Where do these clouds come from? Will they bring rain? May they be causes for concern? Indeed, this is a new situation and new problem. I have thought this problem over again and again. Here I offer my views for your reference.