Wednesday, February 9, 2011

Gradually revealed the complexity of economic growth,

 In the eyes of economists, the economic performance of China in 2010 highlighted, the only

just from the numerical point of view, last year's CPI increase of 3.3% is not as 4.8% in 2007 and 2008 to 5.9%. It is noteworthy that the CPI in 2010 straight from the beginning of the year to December by 1.5% to 4.6%, while the present economic growth rate declined quarter by quarter, the complexity of China's economic growth to gradually appear, at the same time, the cost of living faced by ordinary people and property preservation to improve the dual problem.

CPI expected to rise during the first half

Year of the Rabbit Lunar New Year holidays, part of the New Year market price Northern New Year, dumplings on the table can not be separated. Beijing's largest agricultural products from the market analysis showed, dumplings, If the retail price will be higher in the vegetable market.

the central bank released before the holiday,

excess liquidity is seen as the main factors causing inflationary pressures. Last year, the financial institutions issued 7.9 trillion yuan of loans, credit-than-expected scale. January of this year, total credit and over one trillion yuan, to further increase liquidity. The New Year brought the seasonal price increases, several months in northern part of agricultural production cuts caused by drought, so tight CPI worse, seemed less optimistic about the pursuit of gain stabilization. Experts predict that the first half of 2011, CPI will rise further, while the second half of the inflationary pressures will be less than the first half.

investment purposes

if prices rose too fast under the common people to save money is counted by the first account, then the era of negative interest rates is the second document by preserving the value of the account.

central bank deposit reserve ratio seven times over the past 12 months increased, interest rates and twice late last year, but the negative interest rates still exists, From the real estate prices are still rising after strict control to all kinds of collectibles Stir price, to some resources of gold and commodities, the prices of agricultural products, all are signs of negative interest rates by investing in hedge.

long as there is inflation expectations, inevitably, there may be one of the products as assets to speculation. During the Spring Festival, the reporter notes, stamps and relatively inexpensive advertising accounted for newspapers. In Beijing, a main stamp collection company, Mr. Zhang told reporters that he shot on a million to buy stamps, stamp collection has never touched before, is looking to buy a good rally, and the purpose of investment value .

find a reasonable balance of points

This year is the With high growth in revenue over the previous year's annual carry-over, the local government's investment ability, coupled with the implementation of balanced regional development strategy and strategic development of new industries can be expected to remain stable in the context of real estate investment, overall investment in China continued to decline little space, economic growth will show a rising trend.

However, the Chinese economy by the world economic impact. In 2011, China still faces international liquidity and commodity price shocks. Developed countries to maintain low interest rates and the quantitative easing monetary policy will not change, global money supply is bound to the full. This will lead to China and other emerging market countries have sufficient funds, hot money will once again impact of international commodity markets and emerging market countries, emerging countries, increasing the risk of asset bubbles and inflation.

renowned economist Li Yining said, our country is facing cost-push inflation, shortage of raw materials, agricultural demand, rising labor costs, rising land prices and property prices and other forces pushing up inflation expectations, together . He believes that cost-push inflation is not a short period of time to governance. Wang pointed out that the Secretary-General of China Society of Macroeconomics, the implementation of prudent monetary policy this year, a corresponding suppression of inflation, but it can also suppress the financing needs of enterprises, lowering the level of corporate profits.

Therefore, this year's macro-control is likely to be in promoting economic growth and inflation control to find a reasonable balance between the points. Many scholars believe that ample liquidity should now lead to the capital markets, strategic and emerging industries go, boot to the field of agriculture, education, medical and other traditional vulnerable industries. On the other hand, the light-control policies are not enough systems to meet the need, in particular, strengthen the tax administration reform should be explored.

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