subject: Central Economic Work Conference Held Concerns About Six Issues [print this page] Latest "? Hope" Newsweek magazine published an article that the central economic work conference held at the end about how to evaluate a year to respond to the crisis package of policy effects, is becoming the focus of public attention. Among these, the most controversial topics including the macro-control policy on the run of six exposed under the economic contradictions:
First, the 4 trillion of investment is not "encourage" the excess capacity? Second, "Paul 8" is not a disagreement with the ideas of sustainable development? Third, economic growth is not offsetting the structural adjustment? Fourth, the expansion of investment is not the lack of increased consumption? Fifth, the credit growth is not the cause of inflation expectations "culprit"? Sixth, "the people back into the country" is a true proposition or a false proposition? This is a sharp six
question. But Imagine the face of the roaring economic crisis of the century, if not "4000000000000" and are mine, "Paul 8" determination, the emphasis on economic growth, a large number of credit support, infrastructure investment drive, and regardless of capacity surplus, structural imbalance and lack of consumer issues such as whether it will therefore be able to change that in developed countries, emerging markets year have "sacked" in the case, the 30 trillion size of the Chinese economy into what position, is sufficient cause It's conjecture.
In fact, the crisis is essentially the developed countries of the virtual economy overall outbreak overcapacity, resulting in a substantial shortage of purchasing power. This sense of the shortage of money does not mean lack of actual demand. On the contrary, when we see the world there are billions of people living in low-level situation, an urgent need for changes in quality and affordable living conditions of consumer products, should not we be reassessed for the Chinese manufacturing industry "excess capacity" and "expand investment "accusations?
Perhaps we have forgotten the lessons of 1998. In that for the Asian "four dragons" battered "four tigers" of Asia devastated Financial Crisis, China's export-oriented economy and thus why it won the highest reputation, the most important one is that many coastal areas of China, national policy to support export-oriented enterprises survived. When the market is gradually recovering, the surviving "Made in China" has become a new round of globalization, one of the biggest winners. Right now, the same situation occurred, the key is to survive, will survive, "left who is King." Therefore, the question frequently behind the austerity policy, hidden not "lonely", but wisdom.
As for the "people back into the country," intuitive BYD, Lenovo, Huawei, Alibaba, China Vanke, and Minsheng Bank and other private enterprises in the market's performance this year, is not we will agree that the economic "winter", the size of enterprise risk differences in the survival of the performance, making the "big into the small back" than "the people back into the country" more accurately describes the status of enterprises to survive the crisis.
, Of course, "is the third drug toxicity," crisis of macro adjustment policies will inevitably exist side-effects, including excessive credit growth, weak restructuring, investment behavior of the blind, and so on, require decision-makers predecessor in the development of future macroeconomic policies and adjustment of profound reflection. However, the limits of our criticism, we can not easily deny that it had produced the effect.
Central Economic Work Conference Held Concerns About Six Issues
