subject: 4000000000000 Promoting Economic Recovery Throughout The Year, "paul 8" Worry [print this page] 4000000000000 Promoting Economic Recovery Throughout The Year, "paul 8" Worry
Negative growth in the global economy under the shadow of China's economy is enjoying phenomenal. In the first half, from the consumption data to the first index of economic manufacturing purchasing managers index were PMI, from generation to GDP, China's economy to produce a satisfactory answer sheet. Experts predict that as the effectiveness of macro-control policy to gradually play the second half is expected to further enhance economic growth throughout the year, "Paul 8" worry-free.
4 trillion economic recovery 2009 1 , China's macro-economic leading indicators?? Manufacturing purchasing managers index (PMI) rose continuously, March break through 50% of the critical point of economic expansion, starting from March, PMI for 4 months maintained at 50%. National Bureau of Statistics, said Ma Jiantang, PMI more than 50%, indicating that the steady rise of China's economy signs. Senior analyst at Galaxy Securities macro
the new law, said Zhang, a welcome addition to leading indicators of changes in generating capacity since the beginning of decline has continued to narrow, in addition, investment has been higher-than-expected growth in consumption to maintain steady growth trends, import and export decline narrowed , positive factors in the chain, which indicated that China's economy has entered a rising channel.
In fact, 1-May 5.352 trillion yuan of China's urban fixed assets investment, up 32.9% for May 2004 has been the fastest growth, and from January to April this year, compared to 2.4 percent from last year accelerated 7.3 percentage points higher than the same period. January-May total retail sales of 4.877 trillion yuan of social consumer goods, up 15.0%. Adjusted for inflation, real consumption has remained around 17% faster growth in February this year has been steadily upward.
Expanding domestic demand, four trillion investment plans, is considered the steady rise of the Chinese economy a huge driving force. In response to the financial crisis, the end of 2008 Central Economic Work Conference, China's macro-control policies will set the tone for the loose monetary policy and active fiscal policy, since the state adopted a series of measures to be implemented. Including 4 trillion investment and structural policy, tax cuts, since the founding days of this year, the amount of credit is for the enterprise delivery of "blood."
Minister of Finance Xie pointed out, this year's tax cut to a solid implementation of structural policies, including VAT and oil tax reform, cancellation and suspension of 100 items of administrative fees based on the business aspects of housing transfer Temporary tax relief for one year policy, further improve the textile and clothing products to sell tax rate.
The credit side, in the first 5 months of our new credit 5.84 trillion yuan, up by 3.72 trillion yuan more. Experts said the rapid growth of credit, reducing the company's financial pressure, as the company through the crisis and the economy returns to provide assistance.
Economic growth is expected to gradually increase
For the second half of the industry basically optimistic. National Information Center, a research fellow, said Zhang Yongjun, a quarter of GDP6.1% of the growth rate should be is the bottom, second, third and fourth quarters will gradually increase, economic growth will remain up the stairs to the situation.
CITIC Securities chief economist Zhu Jian Fang macro, told reporters that in the second half term, strong growth in investment is expected to continue in the second quarter is expected to be the basic inventory of the end of the third quarter, real estate investment accelerated in the fourth quarter export decline or even positive growth momentum of economic growth will become increasingly strong, expected 2009 GDP growth will rebound in quarter by quarter, the annual GDP growth up to 8.2%.
"In the second half to maintain China's economic growth rate above 8% growth rate should be no problem, the full year, Paul can achieve eight goals, four trillion investment to boost economic growth will continue to appear." Zhang said the new law .
For the second half of China's economic growth momentum, the Chinese Academy of Social Sciences Institute of Finance Li Yang pointed out that the resumption of economic growth in China will mainly rely on investment. China's economic growth factors to promote consumption, investment, exports. 1980 to 2007, the proportion of GDP, consumption is declining, the decline for a space to fill the basic export, the export share of GDP, rising, and investment-GDP ratio is very stable.
Li Yang said that from consumption, investment and exports three terms, increased spending must increase people's income, while income levels are rising, but slower than GDP growth, the proportion of its GDP, is declining. Improve the distribution of income involved, difficult to change within a short time. While the export side, foreign demand also needs time to stabilize.
"In fact, in October 2008 in China since the economic stimulus mainly for investment, roads lead to investment." Li Yang said the next step to develop investment, should be noted that investment in the region, the Middle East willingness to invest more than the western provinces and coastal areas, industrial areas, industrial and high-end service-related industries on the rise, sources of funding, the Government investment in large and private and social investment, such as can be driven, sustained growth is the investment long-term power.
