Central Economic Work Conference To Stimulate Thought Out Policy And Prudent
Implementation of the current world’s economic stimulus policy is in response to this global financial crisis. Government intervention is not a long run of the normal economy, economic stimulus, proliferation of liquidity will lead to asset price bubble, and even re-planted in “sub-prime crisis,” the seed, so the current economic stimulus will leave the stage. The annual Central Economic Work Conference held in time, it is still unclear. Earlier media reports, this year’s Central Economic Work Conference will be held in advance by the end of November, but recent media reports, the Central Economic Work Conference held this month is unlikely, there may be postponed to December 10, held after.
In fact, over the past year, signs of economic recovery evident in China, October 22 National Bureau of Statistics has made clear that Paul 8 Campaign “winner.” However, when news of success in this market are they worried? Economic stimulus is about to “arms warehousing, horses on?”
Can Quit
All conjecture, still not far from a confirmation of the rumor.
November 16 “? Hope Newsweek” published “at the end of the Central Economic Work Conference will be held in six conflicts concern austerity” article, the article on the number of questions and four trillion fiscal stimulus point was refuted, praised in the past year China’s economic achievements, also disclosed that the Central Economic Work Conference will be held at the end of November the news. For a time the market has so suddenly tense atmosphere? News of success at a time when economic recovery, economic stimulus is about to exit?
For these concerns, Agricultural Bank of China senior economist C. C. Ho In an interview with Die Zeit interview, said the policy would certainly change, but it is impossible to use “tighten up” the wording of the statement. C. C. Ho that in this central economic work conference, the ultimate policy objective might be “steady growth, expand domestic demand, adjust the structure, (anti-inflation).” C. C. Ho for “anti-inflation” has been added in parentheses is explained, that “where the main means an anti-inflationary real estate market to prevent price inflation,” not used to set the tone for the overall monetary policy. The Chinese Academy of Social Sciences, director of China’s economic evaluation of high reserve on the Time Weekly that ensure that economic growth has always been a core policy objective. He does not deny that part of future policy needs to adjust the intensity of some of the policies will be weakened, but “does not mean that economic stimulus will be out.”
On the current experts told the media when covering a summary remarks can be found even though the experts generally agreed that the current policy adjustment will occur, but economic policy will be denied the same place the possibility of 180-degree turn.
In fact, the market for 16 days “? Hope Newsweek” article published in the excessive attention given to the time, but ignore the same in the Nov. 16 release of a report by the State Information Center. The report said the real threat of inflation in China is still a cause for concern, the general level of prices is difficult to rebound substantially next year inflation rate of 2.5%. The report recommends that next year should adhere to a moderately easy monetary policy unchanged as easing the rush out of the main body will cause the market remained fragile confidence a serious setback to the economy may fall into the channel, or even into a long slump.
Obviously, general feeling of insecurity makes the market for 16 days “? Hope Newsweek” article was published in misreading. Therefore, it is easy to understand why only a week later, on November 23? “Newsweek look” on the Policy Research Office of CPC Central Committee published an article the Secretary-General Zhao Tao “structural contradictions are still outstanding six major challenges facing China’s economic rise “? just from the title of the article can be seen, yet the current economic stimulus to the ending time. The keynote paper: China’s current four-trillion stimulus package has already achieved remarkable results, slowdown in economic growth trend be reversed, but the economic recovery of the foundation is not stable, not consolidation, unbalanced, some deep-seated contradictions in particular, the structure contradiction is still outstanding. The later period is the focus of economic work “stability and promoting economic growth, pay close attention to ‘post-crisis period’ layout, decisive long-term.”
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