China undoubtedly influence in the world
China undoubtedly influence in the world, the world on a growing expectation values in China
, I think this is due to the highly successful economic reform in China, China's national strength rapidly increased. But on the whole, we still have to look at China's per capita level is still very low, because per capita level is representative of a country's overall strength of a very important indicator of the quality, it represents the character that represents the culture that represents an innovation. We look at the history of several major changes, about 1520, 1530, the Netherlands more than Spain, this time is the first global changes of the catching-up. Per capita GDP of the Netherlands is 1.8 times in Spain. After the British industrial revolution, the United Kingdom over the Netherlands, the United Kingdom over the Netherlands datum
Replica Watches is Britain's GDP per capita GDP per capita in the Netherlands by 2.3 times, this basically occurs in 1710, around 1720. After the catching-up to the United States, the United Kingdom is 1880 and 1890, the United States is very large, not only in the United States GDP per capita is the UK's three times, and the whole scale, great changes have taken place.
So overall, a country's strength is in fact still more from the person, because it represents a comprehensive quality. However, because of special circumstances, because of globalization, the strength of China's overall impact on the global economy and impact on enlargement. So the Chinese economy as a whole, but also makes the status of China is increasing rapidly. I think we both are indispensable, we see China's overall economic strength and international status, but also see our per capita level is still very low, so we have comprehensive strength and the quality I think it should be improved, this is indispensable. The August data, the proportion of the CPI, but overall we 3.5 see food data very high specific gravity. Because in our country there's CPI components inside food accounts for 33% and 34% plus, relative Fake Watches proportion of relatively high. So the entire CPI fluctuations are relatively large, seasonal food is because, in particular, this year the whole summer of natural disasters are more volatile, so food price volatility is relatively large. In this sense, we want to 3.5% CPI attaches great importance to, nor can it as particularly serious matter, because it has a problem. Overall, I think it should be said that the Chinese economy is stable now, China's economy began to decline and exports decline, we start out of the surplus, the month of August has been reduced to a surplus of more than 200 billion US dollars, from 30% in a few whole export speed gradually decline.
I think this is a good thing, the whole investment, industrial production decline, and we see the industry procurement index shows business confidence index, and the recent rebound slightly back to 51.25% 52.3% of such a level. This is a good thing, because the whole situation, because we in the second quarter growth 11.1% that speed, the speed is very high. So what's the speed gradually stabilized, the sustainable development of China is of Rolex Watches particular importance. We now come to see that China is moving in this direction, the target is to achieve a steady decline. This is helpful for China, the global economy is also helpful, especially the global economic recovery, as a whole is relatively weak, and the speed of the whole or on the move this time of China's economic development and enable a smooth transition, it is a good thing. I'm not in the Bank, so we fund, we do not state the interest rate policy be comments, usually of interest it is a more comprehensive and integrated tools for policy, as it is still in crisis recovery, central banks use in general are more cautious. From now to see more of interest, such as India, India inflation reaches 17%, Indonesia, South Korea also have reached 5%-6%, this is a very serious situation, so it must pass rate hike to inhibit growth and the inflation target down. But overall, everyone on the interest rate is relatively cautious, we see the international experience.
From our point of view of the Fund is now at the macro-economic stability, macroeconomic stability, because China real estate as a whole of bank loans only 21 trillion yuan, the proportion of the total loan is 19%. So in this sense, it does not represent a high proportion of the inhabitants of the mortgage loan is now a 5.6 trillion yuan. Residents 25 trillion of deposits, the risk from a systems point of view, it should be said that we are not there is such a big problem. Because of the leverage ratio is very low, we are very concerned about the systemic risks concern lever proportion, in this sense the real estate finance this piece I think will form a systemic risk, this is the first piece. But the Tiffany Jewelry price was actually worse, but China's situation is such that the first-tier cities, rose, second-tier cities in fact still relatively uniform. So now, the prices of the major movements in the main cities in the first line, second-tier cities are relatively stable. So in this sense, the recent decline in housing prices have been stable, and I think this is better. At the International Monetary Fund (IMF), the maximum pressure reading is very large, because of numerous documents. As an international organization, are very strict, very diplomatic, so you need to worry about anything, always afraid of this file is read is not good, sometimes afraid what will be ignored. I used to do business, and I are relatively straightforward, and in any case English is not my native Swiss Watches , we are relatively straightforward language. International Organization of language it is written in a careful, precise, so if you want to say that worried, I often worry about leaking point, so things staring that is hold.
China undoubtedly influence in the world
By: louboutin88
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