www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Economy

More policies to curb inflation

By Xin Zhiming (China Daily)
Updated: 2010-12-13 07:52
Large Medium Small

'Stable, relatively fast growth' will be maintained

BEIJING - China vowed on Sunday to increase efforts to combat inflation while maintaining "stable and relatively fast" economic growth, as consumer inflation hit a 28-month high of 5.1 percent in November.

"The priority is to actively and properly handle the relations between maintaining steady and relatively fast economic growth, economic restructuring and managing inflation expectations," according to a statement released after the high-profile Central Economic Work Conference.

More policies to curb inflation

Chinese President Hu Jintao speaks at the Central Economic Work Conference which lasted from Dec 10?to 12 in Beijing. [Photo/Xinhua]

More policies to curb inflation

Chinese?Premier Wen Jiabao?speaks at the Central Economic Work Conference which lasted from Dec 10?to 12 in Beijing. [Photo/Xinhua]

Related readings:
More policies to curb inflation 
More policies to curb inflation December CPI likely below 5%: NDRC
More policies to curb inflation 
More policies to curb inflation China raises banks' reserve ratios again

The conference also reaffirmed the recently introduced "prudent" monetary and pro-active fiscal policy for 2011.

But to meet the new monetary policy target, policymakers must strictly implement it, analysts warned.

A surplus of market liquidity is a major contributor to inflation, analysts agreed. New yuan lending - a key indicator of liquidity - already reached the target set for this year in November and is set to exceed it by the end of this month.

The conference made it clear that liquidity will be "well managed" next year and put a priority on "stabilizing overall price levels".

Zhou Wangjun, senior official in charge of price at the National Development and Reform Commission, said on Saturday that China's consumer price index (CPI), a key measure of inflation, could drop to below 5 percent in December.

"Even if that happened, the task would remain daunting for policymakers," said Zhang Xiaojing, senior economist at the Chinese Academy of Social Sciences. "Prices are trending up and a fall in December should not exclude the possibility that they would go up again."

The current liquidity situation is complicated since it is not due to just domestic factors, said Sun Lijian, economist at Fudan University.

"US quantitative easing has led to increased liquidity in the market," he said. "And much of this capital has targeted China."

US Federal Reserve Chairman Ben Bernanke said last week that the Fed could end up increasing its purchase of US government bonds if the economy fails to improve, sparking concern a new round of quantitative easing is in the pipeline.

To control liquidity, policymakers must unswervingly meet the target set by the central government for next year, said Zhang.

Xia Bin, economist at the State Council's Development Research Center and central bank adviser, said earlier that the whole-year target for new yuan loans should be 7.1 trillion yuan ($1.07 trillion). Other economists predicted it could be between 6.5 trillion and 7.4 trillion yuan.

"The target will be meaningless unless we can ensure it will not be crossed," Zhang said, adding that financial institutions have used various methods to avoid regulations to make loans that are not counted in lending statistics.

"The actual amount of such loans could be 2-3 trillion yuan this year, making the real lending figure far higher than the target."

The central bank raised the reserve requirement ratio, or proportion of money commercial banks must keep in reserve, on Friday for the third time in a month, indicating a determination to prevent liquidity driven price rises, analysts said.

Despite the latest move, "interest rate hikes cannot be ruled out", said Zhang. "We have entered an interest rate hike cycle."

"Regulators have yet to show their teeth," said Dong Xian'an, chief economist at Industrial Securities. "The risk of rising inflation in the first half of next year remains."

But measures taken to combat inflation could have unforeseen consequences, an economist warned.

"What has made the government extremely cautious on interest rates are concerns about the risk of overdoing it, which, if coupled with other shocks, could induce a drastic slowdown," said IHS Global Insight economist Xianfang Ren.

The conference said it would make macroeconomic policies next year "cautious and flexible".

Fudan University's Sun said this shows that interest rates are just one weapon. "It means tightening monetary supply would only be one aspect of overall policy," said Sun. "If there was any drastic economic slowdown, the central government would shift to favorable measures to revive the economy."

The annual conference maps out major macroeconomic policies for the following year. This year's meeting also vowed to bridge the income gap, improve people's livelihood and expand opening-up.

?China's Central Economic Work Conference from 2005-2009

December 5 to 7, 2009

Basic tone: promote the transformation of the economic development pattern while maintaining stable and comparatively fast economic growth

Major tasks: China vows to improve macro-regulation in 2010 to ensure stable and relatively fast economic growth to advance economic structure adjustment; lift the quality and efficiency of economic growth; boost rural development momentum; deepen reform and opening up; enhance the momentum and vigor of economic growth; promote a stable increase in exports; improve people's living standards; maintain social stability.

December 8 to 10, 2008

Basic tone: to maintain a stable and relatively fast economic growth

Major tasks: China plans to enhance and improve macro-regulation and implement proactive fiscal policy and moderately easy monetary policy in 2009. It vows to step up efforts to increase farmers' income and strengthen the developing momentum of agriculture industry and rural economy; speed up the transformation of the economic development pattern and structural adjustment; deepen the reform and opening up; maintain social stability.

December 3 to 5, 2007

Basic tone: to prevent economy overheating and inflation

Major tasks: China pledges to improve macroeconomic policy to maintain the momentum of stable and relatively fast economic growth; enhance the development of agriculture and the rural economy; promote innovation and optimization of the industrial structure; push forward energy-saving and emission cutting; improve people's living standards.

December 5 to 7, 2006

Basic tone: to realize a sound and fast economic growth

Major tasks: China vows to enhance and improve macro-regulation to maintain and boost momentum of economic growth; focus more on boosting rural economy and promoting the construction of a new socialist countryside; push forward the optimization of the economy's industrial structure; promote innovation and urbanization; further enhance social harmony.

November 29 to December 1, 2005

Basic tone: to maintain the continuity and stability of macroeconomic policy, improve the quality and efficiency of economic growth in an effort to realize fast and healthy development

Major tasks: China will step up efforts to maintain the momentum of fast economic growth; promote the development of sectors concerning agriculture, farmers and rural areas; promote innovation and adjustment of the industrial structure to build an energy-efficient and environmental-friendly society; promote the coordinated development of regional economy; open wider to the outside world; solve problems concerning people's rights and interests; promote the building of a harmonious society.

Xinhua

主站蜘蛛池模板: 国产1级片 | 国产一级一级毛片 | 亚洲国产国产综合一区首页 | 久久免费播放视频 | 美女免费在线视频 | 99久久精品免费看国产免费软件 | 久久免费99精品久久久久久 | 欧美亚洲国产激情一区二区 | 国产不卡精品一区二区三区 | 欧美一及 | 欧美精品免费线视频观看视频 | 在线网站黄色 | 亚洲日产2021三区 | fc2ppv在线播放 | 欧美成年免费a级 | 国产日韩欧美精品一区二区三区 | 91无毒不卡| 一级爱做片免费观看久久 | 91九色国产 | 欧美视频 亚洲视频 | 亚洲人成综合在线播放 | 国产亚洲精品国产一区 | 亚洲一级毛片免费在线观看 | 超级碰碰碰在线观看 | 普通话对白国产精品一级毛片 | 九九精品视频在线观看 | 亚洲三级成人 | 精品免费久久久久久久 | www.操操| 欧美性色xo在线 | 国产亚洲精品午夜一区 | 色噜噜国产精品视频一区二区 | 99国产精品九九视频免费看 | 日本经典在线三级视频 | 国产男女乱淫真视频全程播放 | 国产99久久精品 | 九九欧美| 2022麻豆福利午夜久久 | 欧洲一级鲁丝片免费 | 久久看视频 | 美女超爽久久久久网站 |