Media: Central agreed that although the reform but the policy is still better than the stimulus after the move | economic growth | Reforms Orientation,hogan online
????????
[Previously reported] Foreign media said China's top Beidaihe consensus: reform priorities for stimulus measures
After the latest data released in August, for the Chinese economy, optimistic and pessimistic feelings intertwined,moncler outlet, to reform or to stimulate the old topic again given rise to controversy.
?
Media recently reported that China's top leaders gathered in Beidaihe last month, agreed that the focus of economic work before the end of the year will be to promote reform, in preference to the introduction of measures to stimulate growth, and accepted the economic growth may be lower than the target of 7.5% of reality.
?
In the G20 finance ministers and central bank governors meeting, held last weekend,nike site officiel, the Chinese Finance Minister Lou Jiwei said that the current Chinese economy overall steady growth, macroeconomic policy will continue to focus on comprehensive target, not because of the individual economic indicators big changes in policy adjustments.
?
Premier Li Keqiang had participated in Tianjin Summer Davos forum also stressed that as long as full employment, economic growth a little higher, a little lower are considered reasonable range.
?
Officially released information reflects the Chinese government's policy to face downward pressure on economic concentration,parka woolrich, at the same time, "First Financial Daily" interview more than economists also said that no strong stimulus old, does not mean completely abandon stimulus measures to promote growth,louboutin france, not simply to stimulate reform and opposition, should the camera orientation regulation.
?
Weak data raised voices irritation
?
China's recent macroeconomic data significantly lower than market expectations: August above-scale industrial added value increased by 6.9%, the highest since December 2008 lows; 1 August fixed asset investment growth was 16.5%,hogan outlet 2015, compared with January-July down 0.5 percentage points; August FDI fell by 14%.
?
Many market participants expect such an economic situation will probably continue throughout the third quarter. As a forward-looking economic indicators PMI in August was 51.1%, reaching the second highest year, but down 0.6 percentage points from last month, is a callback after five consecutive months of recovery.
?
August PMI index fell mainly due to the performance in the new orders index fell, which also caused a decline in the index of production, which is not good news for the future economic growth for several months.
?
In the context of increasing downward pressure on the economy,adidas conductor ar, with some overseas investment behavior on behalf of the view that the Chinese economy is losing momentum, the proposed policy makers RRR, interest rates, and even increase the fiscal stimulus voices of disapproval.
?
"Wall Street Journal" quoted several agencies economists as saying China's August economic data shocking, surprising,scarpe golden goose, analysis reports of some international investment bank believes that the current trend, once established, may mean that the Chinese economy is sliding Medium income trap.
?
Mizuho Securities Asia chief economist Chen Jianguang said that if the macro-control continues to delay the possibility of breaking the economic growth of 7 greatly increased regulation of fear of loss the best time.
?
Academic idea that the past few macro data show that China's economic growth and job growth volatility goodness of fit is not high, more typical of Western society Phillips Curve in China is not obvious. This means that this year may be 10 million new jobs in the successful completion of objectives and tasks, does not mean the Chinese economy in healthy growth.
?
In economic pressures persist in the background, the central bank last week to five lines serving the standing lending facilitation (SLF) 5000 billion caused widespread concern, widely interpreted as the central bank this substantial drainage effect approximately equivalent to the deposit reserve ratio down 0.5 percentage points.
?
China Banking Research Center, Central University of Finance and Economics, Guo Tian Yong believes that the August economic data, overall demand for credit is weak, industrial added value and other data is not very ideal, so that all aspects of the price situation generated fears of deflation, the central bank moderately adjust liquidity, hoping to boost the economy.
?
The prospects for stimulus, Bank of Communications chief economist Lian Ping yesterday on the "First Financial Daily" said that although the government economic slowdown tolerance improved, but should promote reform, reform in the security situation can not increase alternative macroeconomic policies to promote reform, macro-economic control are also carried out 7.5% growth target, if for whatever reason not to give up, then you lose the State Council set a target of seriousness.
?
Lian Ping believes that if it wants to ensure a good reform promotion, economic stability is needed is a reform of the economy running smoothly basis for the success or security.
?
The official stressed that anyone Policy
?
Although the central bank recently conducted a total of five lines 500 billion yuan SLF operation, but the policy still seems pointer points to a comprehensive stimulus.
?
Wang Tao,moncler bambino, chief Asia economist at UBS analysts said, SLF operation means that the central bank still expects to launch a long-term easing of liquidity,cinture armani, in order to avoid passing too strong policy signals, so the possibility of year round drop quasi minimal.
?
Monetary Policy Committee member Chen Yulu said earlier, now is not the time to cut interest rates,hogan outlet online, cut interest rates to stimulate the signal is strong, can not take not take, the central bank, there are many other means can be used, such as directional RRR, open market operations the intensity and the like.
?
Officially released information, emphasizing policy control directional color, while further reflecting the policy to maintain the reform orientation of anyone.
?
September 9, several drafts of "based on quality, efficiency reflects the transformation and upgrading of the statistical indicator system needs" officially issued. Lenovo does not lead to a new assessment of GDP in Hebei evaluation system also focus on the proportion of the total debt balance investigate revenue, service industry accounts for the proportion of GDP, urbanization rate and other indicators, China to promote the transformation and upgrading of the new road is being gradually reform molding, which is consistent with the idea last year, General secretary Xi Jinping made it clear that a new national governance system is not the GDP of Heroes.
?
Lou Jiwei last weekend in his speech during the G20 finance ministers and central bank governors meeting, is to observe the official judge for the current economic situation and future policy orientation of the new window.
?
Lou Jiwei said that the current Chinese economy maintained a reasonable range,hogan shop online, 1 to August employment situation is good,retrsuperture occhiali da sole, but it also faces pressure slowdown. In this case, the Chinese government's macroeconomic policy will continue to focus on general objectives, in particular to maintain employment growth and price stability, policy adjustments will not change a single economic indicators and bigger.
?
At the same time, foreign media recently reported that China's top leaders gathered in Beidaihe last month, they agreed that,coach occhiali da sole, compared to the introduction of measures to stimulate growth, should give priority to promoting reform, which means that is unlikely to introduce major stimulus measures, such as interest rates or RRR, but once rising unemployment, the government has prepared intervention.
?
Minsheng Bank chief analyst at Financial Markets Zhiqiang this yesterday on the "First Financial Daily" analysis, said the reform at the same time, even if the low growth rate is possible, from the overall economic point of view, there is no problem of employment, the economy can not move simply, most people have work income, the level of growth did not materially affect much. If the growth rate is less than 7.5% discount on the reform on the reform on the back, in the long run, economic growth is no stamina.
?
Policy remains after the move
?
Although the official level temporarily excluded strong stimulation of options, but decision-making is obviously still closely watching economic trends, but did not relax in underpinning policies, underpinning only way to adopt more market-oriented channels.
?
For example,less than human occhiali da vista, in new housing construction and urbanization,céline occhiali da sole, the government has been to speed up the progress of investment, allowing local social capital to attract investment through equity financing, project financing, franchising, etc., to broaden the financing channels, improve the urban infrastructure carrying capacity.
?
Third Plenary Session of 18th CCP explicitly put forward to guide social capital to participate in infrastructure construction and operation requirements. Ministry of Finance will process the request and local government debt together, want to actively develop cooperation in government and social sectors (PPP) mode: one for the community launched the 80 PPP projects; the second is the establishment of the PPP Center, it is responsible for providing different sectors the PPP project standard text; the third is the training of local finances, officials at all levels to promote the idea of change, and to guide the classification carried out PPP projects.
?
During the G20 meeting, Lou Jiwei said that the Chinese government has adopted the following measures to promote economic growth: First, to further reduce the tax burden for small and micro enterprises; Second, government and social sectors through cooperation and other means to encourage social capital to enter infrastructure, clean energy and other fields; third is to continue to insist on deepening reform through a comprehensive release of economic growth potential.
?
The Chinese government will unswervingly along this direction, and constantly improve the scale and quality of infrastructure investment. Lou Jiwei said.
?
For fiscal policy after the move, Jilin Province Department of Finance Research Institute director Zhang Yiqun yesterday on the "First Financial Daily" said, with local debt, for example,nike air jordan, a major breakthrough has just adopted a new budget law is to give local government bonds, the power to make local government debt to optimize the structure itself, to some extent,swarovski boucles d'oreilles, to relieve the pressure on local debt, while giving local economic vitality.
?
Zhang Yiqun, said the reporter, but it will not stimulate the strong stimulation, but targeted, micro-point stimulation. For example, for a development of innovative high-tech industry, given the interest rate financing flexibility and space to give discount on financial, tax cuts and the like.
????
????
相关的主题文章：