The Second malpractice is problem between resources and environment. In the rapid development of China's economy, it consumes a lot of energy and resources. In 2006, China's GDP occupied only 5.5% of the amount of world, but it consumes 9% of the world's oil, 23% alumina, 28% of the steel, 38% of the coal and 48% of cement. It is limited of the amount of natural resources, and if it keeps the current resource consumption level and the growth pattern of China, it will affect other countries of the world and future generations. At the same time, it also makes the cost of resources excessively by increasing price of resources. It is against with the scientific concept of development strategy. We also cannot ignore the environment problem which caused by the rapid economic development. In recent years, it happened much more flood and mine disaster frequently in the domestic, which related the deterioration of the environment. In the 90s, China has three big floods. Natural disasters is usually a fatal attack on economic, so protecting the environment will be an important way to prevent disasters.
The third malpractice is excessive investment. During 2007, the central bank has raised deposit reserve rate for