rayban occhiali da vista Among them

Local frequency steady growth shouted "pressure" directional loose or continue to overweight | directional | GDP
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October 21, the National Bureau of Statistics released data show that the third quarter GDP growth of 7.3%, compared with the second quarter, down 0.2 percentage points since the first quarter of 2009 low.
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The economic growth is the lowest point in six years is the market expected, although the numbers slightly more than market expectations, but the economic slowdown caused investors still worried. Data on the affected day, the Shanghai and Shenzhen stock markets both fell, which fell more than 1%. For the 7.3% growth rate of the dismantling, then why do than how the economic downturn more focused attention.
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Local governments are being held now the economic situation conference, crack growth means steady business financing and stable financing your real estate investment is still the most mentioned.
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Local pressure shout
State Statistical Bureau spokesman Sheng Yun admitted: China's economy is now in restructuring,louboutin talon compensé, transformation and upgrading a critical stage, the traditional power and a new impetus is at stalemate In one state, volume is still relatively traditional power large,gentle monster occhiali da sole, although representatives of the new new impetus to economic growth faster, but still smaller than the body. Thus in the middle of the economy still reflects the relatively large downward pressure.
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Currently several provinces of Guizhou and Jiangsu have been held in the third quarter economic analysis will, this downward pressure as the main background are the next phase of deployment.
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Jiangsu Province, the first three quarters of GDP growth of 7.4%, the 14th Jiangsu Province held a three-quarter economic situation analysis still pointed out that although the province is generally stable economy,air max 90 pas cher, steady progress, but there are worries steady, significant downward pressure .
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Even the first three quarters of rapid growth provinces also have economic downward pressure. Yunnan is expected in the first three quarters of economic growth of 9%, 8.4% growth rate has improved over the first half of October 15,christian louboutin paris, held in Yunnan Province, the economic situation analysis meeting the first three quarters,air max bw, the Yunnan provincial government executives admitted that Yunnan economic development is still faced with a lack of strong demand pulling power, industrial economic stabilization and recovery is weak.
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Guizhou Province on October 10 held the first three quarters of economic analysis will be expected in the first three quarters of economic growth of 11%,Occhiali Da Sole, an increase from 10.8% in the first half. Guizhou provincial government Web site published an article said: the emergence of the province's industrial growth, investment to maintain rapid growth pressures,fedine tiffany, financial income, four pressure some of the major economic indicators increased situation.
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Among them, the real estate market adjustment on an increasingly prominent public budget revenue growth sluggish, financing your business financing these local governments are faced with the reality of the problem. In this context, relax real estate investment has become one of the options.
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Where steady growth is also facing financial pressure. Headquarters in Hong Yuan Securities senior fixed income analysis Normal of opinion,nike pas chère, now rely on borrowing to invest in infrastructure, but the second half of this year to tighten the central borrowing authority, local funding sources to be bound, while industrial investment there is excess capacity, financial expenses high prices and other issues, companies are reluctant to invest,moncler uomo outlet, only real estate.
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The respondents said the steady growth of local pressure as well. Although there is downward pressure on real estate,louboutin soldes, but to relax some restrictions policies and appropriate financial support, can offset downward economic pressure on local governments is also a selection of real estate investment Forced behavior.
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There are indications that, since the end of September, with the easing of real estate promotion, real estate sales situation has improved. Monthly sales data show that 30 cities, since mid-September, the real estate sales had rebounded significantly improved momentum has continued in October. But Everbright Securities chief economist, said Xu high, despite signs of improvement in the real estate industry, but the pressure is still large.
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Economic restructuring is paying off
Although the overall poor three quarterly data, but economic restructuring but also there have been positive changes.
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Service-oriented, to speed up the emergence of a new form of structural optimization become more apparent. New impetus to the development of decentralization and other reform gave birth to accelerated growth. Employment, energy consumption and other indicators better than expected.
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Among them, the first three quarters,nike pas cher, the tertiary industry GDP accounted for 46.7%,escarpins louboutin, an increase of 1.2 percentage points, 2.5 percentage points higher than the second industry. The structure of demand continued to improve in 2013, the tertiary industry accounted for more than a second industry momentum still continues. The first three quarters, the contribution of final consumption expenditure GDP growth rate of 48.5%, an increase of 2.7 percentage points over the previous year.
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Fan Wei said,dior occhiali da sole, according to the last coefficient, the proportion of tertiary industry in GDP rises, the structure of the GDP has been optimized, this restructuring is more dependent on the market Forced mechanism is completed. In his opinion, this is mainly the environment, human resources and industrial added value brought Forced. Relying on industrial upgrading,cinture ermenegildo zegna, the added value of new industries to carry out industrial restructuring, particularly in higher value-added of the tertiary industry, rely more on human resources, which are formed Forced mechanism of the market, further economic restructuring.
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Decrease energy consumption is another important positive signal. The first three quarters, energy consumption per unit of GDP fell by 4.6%.
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JP Morgan chief China economist Zhu Haibin that economic growth structure and quality there have been some positive changes: the real estate market and the overcapacity in the industry continue to adjust. This will help reduce China's economic growth over-reliance on investment and open up space for new growth in the industry; the growth rate of the service sector than in manufacturing the second consecutive year the growth rate; income growth outpaced GDP and fiscal revenue growth. Finally, the job market remains stable.
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Targeted easing does not change
7.3% Will this be the worst of the Chinese economy?
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Part interviewed economists said continued steady growth Recently policies into the implementation phase, economic growth is still uplifting space. But the long run, reduced economic growth is a consensus, some investment banks have already adjusted 2015 economic growth forecast to 7%.
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In the fourth quarter than the third quarter, a slight improvement in the economy, the fourth quarter GDP growth is expected to rise to about 7.3% -7.4%. Chinese Vice Minister of International Economic Exchange Center Consulting Research Department Wang Jun, "China Business News" reporter said.
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CICC expects the fourth quarter GDP chain growth from the third quarter to rise to maintain the fourth quarter GDP growth of 7.2%, 7.3% annual judgment.
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Similarly, UBS chief economist special Wang Tao issued analyzes of reporters that, although the future of a more favorable base effect, but still expected in the fourth quarter GDP growth will slow to 7%, while the 2014 full-year GDP forecast will grow by 7.3%
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Deutsche Bank has China 2014 GDP growth forecast down to 7.3%, will cut its forecast for 2015 to 7.0% in 2015 and is expected to cut interest rates by central banks or by 50 basis points.
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However, that the Government will continue to determine the directional control is still the mainstream.
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You can see that although & lsquo; similar bailout idea, but this year the central bank through targeted RRR, refinancing, PSL (mortgage Supplementary Loan), SLF (standing loan facilitation) and other targeted easing means to implement macro-control, the emergence of innovation more monetary instruments and practice. Fan is represented. In mid-October, the central bank through the SLF were injected into the banking system to more than 500 billion yuan and 200 billion yuan of liquidity, at the same time cut the repurchase bid rate; expansion of small and micro enterprises, individual industrial and commercial households and other individuals are exempt from value-added tax, business tax coverage; adjustment of fixed assets depreciation rules to encourage spending and corporate capital investment projects by adjusting directory Government approved further decentralization and the like.
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October 22, the National Development and Reform Commission website shows that the new railway projects and approved a plurality of airport construction projects: including new Qianjiang to Zhangjiajie to Changde Railway and Zhengzhou to Wanzhou railway projects. Among them, Cheng, railway, plans a total investment of 97.43 billion yuan. The civil airport project includes a new approval Songyuan civil airports, civil airports Golog in Qinghai, Yunnan Lancang Guizhou Province Renhuai civil airports and civilian airports and other engineering feasibility study report.
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Four days ago, the Development and Reform Commission has approved three railway projects with a total investment amounted to 95.878 billion yuan.
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Measures to boost steady growth this year, GDP growth amounted to 1.45 percentage points. UBS chief economist special Wang Tao estimates.
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Pan Xiangdong, chief economist at Galaxy Securities believes that the economy fell in the process, because of the current price pressure is not, and therefore monetary policy is expected to remain steady partial loose,hogan outlet milano, policy measures to hedge the economic downturn is mainly focused on the directional loose, in wEST infrastructure, urban public facilities construction, real estate return policies and so on.
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Wang Tao that, the next will also introduce further measures to stabilize growth, including strong leading role to accelerate the launching of a number of infrastructure projects, to provide financial support by the central government, policy banks, or by attracting private sector investment (eg PPP mode ); further relaxation of real estate policy,escarpins louboutin, such as tax relief part of the transaction, reducing the proportion of mortgage down payment,louboutin bordeaux, mortgage directional cut its benchmark interest rate; and increase efforts to ease monetary policy, such as through the full rate cut to stabilize the business is expected to effectively reduce financing costs,louboutin soldes, as well as to further relax credit supply-side constraints (such as the loan amount).
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