Monday, November 29, 2010

GDP 8.7% J of the beautiful curve of the joy and worry

 21, National Bureau of Statistics published the 2009 national economic data. This is a heavy economic responses in the global financial crisis, dangerous environment, in the United States and Japan and other major economies still growing downturn China's economy grew 8.7% annual GDP, economic output reached 33.5 trillion yuan, out of a beautiful overtaken Japan as the world's second largest economy.
all the data in 2009, the biggest bright spot than the 8.7% figure. In fact, look at China's economic growth in recent years, 8.7% growth in 2001 the second lowest since the economic growth rate,UGG boots cheap, even lower than the average annual growth rate in 30 years of reform, but considering this figure is a recession in the global economy in the context of the acquisition, on the number itself will have a sense of awe: I remember in 2008 Central Economic Work Conference, China import and export fell by 43.1%, revenue down 17.1%,UGG shoes, profits of industrial enterprises above designated size in the first quarter fell 37%, while the CPI and PPI in the first quarter into the negative both times, the Chinese economy ; vital signs December,UGGs, when it happened like a reversal of WBC: significant increase in the import and export up 32.7%, of which exports 130.73 billion yuan, the monthly export and create a historical record of China in one fell swoop to replace Germany as the world's first exporter; financial income more than 5000 billion, up 56.5% year on year growth, setting a new high this century. from the quarter point of view, in the first quarter after 6.1% growth bottomed out in the second quarter growth of 7.9%, 8.9% in the third quarter and fourth quarter is as high as 10.7%, once again achieved double-digit growth. taking into account the second national economic census, according to the results of economic data for 2008 have been adjusted so that 2008 economic growth reached 9.6%, which in fact means , 8.7% growth in the scheduled beginning of the year, six months beyond the 5 trillion should not be a big problem, when China will become the United States and Japan, a third of total GDP of the country more than five trillion U.S. dollars.
corresponds with the 8.7% is In the loose monetary policy, people worried about future prices. If you simply look at price index CPI, 2009 full-year negative growth of 0.7%, the trend of rising prices seems obvious, but in fact, if we carefully analyze, in 2009 CPI The data base established in 2008, above the annual CPI in 2008 was 5.9%, setting a new high in 13 years, in such a high base on the price with the CPI to measure the real trend, apparently not convincing enough ; Secondly,bailey UGG boots, if we look at changes in CPI and PPI trend, in 2009, CPI year on year in a row, after 9 months of negative growth in November 2009 formally to positive, in December 2009 widened to 1.9% increase, but the chain to see, CPI in July was flat, after consecutive 5 months ring up, it is, and people feel the same, while the PPI although up to see 12 consecutive months of decline, but the chain has 8 consecutive months of increases, which is also the people consistent feel. Therefore, it should be the future trend of the price policy attention, be alert, triggering a vicious inflation.
2010 the biggest challenge China's economy is not inflation. In fact, after 2009, stimulating policy, the Chinese economy has made great achievements, also paid a high price, even more unbalanced economic structure, the problem of excess capacity in some industries more prominent, the whole economy of the technical content and knowledge content also showed a low level of repetition, monopoly industries and key areas of reform difficult, but difficult. But the biggest risk is concerned, the situation is not the price itself, but in the real estate and the stock market as represented by the bursting of asset price bubbles.
official data show that: in 2009, the national investment in real estate development 3.6232 trillion yuan, an increase of 16.1%; the national real estate sales area of 937.13 million square meters, up 42.1% over the previous year. while real estate sales reached a staggering 4.4 trillion yuan, accounting for up to 13% of GDP, excess liquidity led to a serious real estate bubble has become an indisputable fact. Since we control policies on the real estate bubble slightly delayed, making the regulation in 2010 significantly increased the difficulty, if once the real estate bubble burst, a large number of assets flock to the real economy, leading to the possibility of hyperinflation. So in 2010, the biggest challenge of China's economy, than our ability to make policy, asset price bubbles through the regulation of much harm.
Outlook 2010, 30 years of reform can be described as the most crucial year: to change the way development, economic restructuring, asset price bubbles of governance, the breakdown of the distribution of income, the key areas of reforms, thousands of Head million threads, consider the management policy of wisdom. but you can expect is that reform will continue, more people can under the framework of a fair system to have more opportunities to share the economic prosperity.

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