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Second, the decline range of price level is higher. Moreover, since the direct tax is constant, the growth rate of residents’ consumption in comparable prices increases further. 06 percentage points, respectively, compared with the base values (Fig. 11). The relatively higher decline range of price leads a higher decline range of nominal growth rate of the social consumption goods’ total retail sales. 3 percentage points, compared with the base values until 2014 (Fig. 12). The growth rate of residents’ consumption in comparable prices obviously accelerates without an increase in direct taxes.

1, Fig. 6). 2 The Growth Rate of Total Fixed Capital The CQMM predicts that in 2015 (Fig. 57 % lower than that in 2014. 96 %. 08 % by the fourth quarter. In 2016, except for the second quarter, it will be maintained at more than 13 %. 09 Fig. 18 Fig. 26 % in 2016 and maintain stability. 28 % in 2016. 86 % by the fourth quarter. 11 Fig. 16 % by the fourth quarter. 37 %. 4 % each quarter (Fig. 8). In conclusion, we present the CQMM predictions as follows: 1. In 2015, it is the final year of the 12th five-year plan and the year the Chinese economy moves toward the new normal, the real estate market will continue to adjust, real estate investment and manufacturing will remain at the low end, and infrastructure investment will continue to play the role of palm of steady growth.

4. Although reducing the indirect taxes could cause the growth rate of the gross tax revenue to fall in the short term, the growth rate of residents’ consumption and private investment will increase. Moreover, the long-term recovery of the economic growth rate ensures that the growth rate of the gross tax revenue does not persistently decline; it also assures the long-term sustainable growth of tax revenue. From the policy simulation of the CQMM and analysis of the current Chinese economic issues, we consider a current moderate decrease in indirect taxes and a subsequent moderate reduction in the national economy’s gross tax not only feasible but also necessary.

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Analysis and Optimization of Prismatic and Axisymmetric Shell Structs. by E. Hinton, et al.,


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