Grasp the energy market reform after the Olympics, "time window"
Began in 2007, this round of high inflation pressures, largely disrupted the normal production of the main domestic micro-business activities. Meanwhile, as a by-product of high inflation, the domestic Energy In the field of market-oriented reforms have been shelved, therefore, even in local areas (such as the recent administrative control of coal prices) appears a certain degree of retrogression. However, Olympics Will be some time after, the government will usher in the field of energy market reform restart a good time.
Can be said that the Government will resume the premise of the reform of energy markets is the weakening of the domestic threat of high inflation. Although the field of energy market reforms will be effective in the long term to correct the imbalances in economic structure, but because elements of the current domestic energy prices to be seriously underestimated, and reform in the short term will significantly push up energy prices and to inflation, which is a years of energy market reform is the most important reason for shelving. But judging from the current development trend, the level of domestic inflation in the second half is likely to continue the momentum of the last two months of decline, so that the energy market reform is possible.
Downward trend in inflation continued in the second half of the most important reasons are two: First, in the first half of the monetary tightening policy has achieved initial success, as 6 of the end of RMB loans of financial institutions grew 14.12 percent only. Taking into account the time lag effect of monetary policy, tightening up on the inhibitory effect of inflation will be more apparent in the second half; second, the second half of this year, another favorable factor is the gradual move up the CPI over the same period last year, under the high base effect will half of the CPI figures to see some better.
If the CPI continues to lower the market will resume the reform of the energy sector possible, then the domestic energy market is a chaotic situation underlined the urgency of the reform. As the domestic and international oil prices "Upside Down" seriously affect the production and refining enterprises increased oil sales channels store the motivation, there are many domestic provinces and cities have different levels of "shortage of oil"; coal prices rising and the price control is so nearly half of the province began rationing power, an "electricity shortage"; first half of the alarming rise of domestic coal prices, coal in the two limit orders, the market may again face a new "Meihuang."
In fact, all kinds of "shortage" is itself a product of program control means, the free market will have high prices the lowest. The field of energy market reform will not only fundamental solution to the current "shortage" will also significantly increased in the future government regulation and control policy in the inflation period of validity?? A good amount of money as long as the control, the relative strength of supply and demand of the game will be effectively transferred Energy Source price, and to the economy and energy shortages will never say "goodbye."
It should be noted that the field of energy market reform must not only increase the oil price that simple. To improve oil and electricity prices, and even microscopic subjects given full power of price determination, are only the field of energy market reform is the first step. The most fundamental measure is to open the energy sector market access, this is the full functioning of market mechanism to ensure the premise and foundation. Although a variety of reasons, the government can not substantially liberalize the domestic crude oil extraction in the field of market access, but both crude oil and oil products import and export sectors, or in the domestic refinery production and product oil wholesale segment, opening up market access for all should be the most urgent reform goals.
In our view, the domestic economy will face the next two years may be quite serious rebound in inflation pressures, which requires the government has to counter inflation as the major macroeconomic objectives. From this perspective, the downward trend in inflation this year to reform the energy market rather rare "time window." It is because of inflationary pressure, the energy market access must be open to supporting the price mechanism reform, market reform, the only way to carefully, systematically resolving the intertwined conflicts.
I am an expert from China Toys Suppliers, usually analyzes all kind of industries situation, such as electric hair curler , steam hair curler.
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