Wednesday, June 30, 2010

Set the tone for next year's macro-control: stability is still the general direction - Refractory Industry


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China Suppliers

The annual Central Economic Work Conference on the 5th morning in Beijing, meeting economic stimulus package will be implemented to assess the effect of year, sort of macro regulation and control of the main threads of economic work for 2010 deployment.





Central Economic Work Conference was attracted wide attention because of China's overall economic work for next year set the tone. Can be expected this year's Central Economic Work Conference, issued "policy tightening signals" no longer exists is expected next year to continue the proactive fiscal policy and loose monetary policy is no longer appropriate suspense will remain stable direction.
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Central government continued to next year's economic growth targets set at 8%, the overall macro-economic policy remain relaxed. And this year is different is that the proactive fiscal policy next year will be expected to "structural adjustment", "Hui people" inclined, moderately easy monetary policy focus from the "loose" to "moderate." Consumer policy is likely to improve the promotion of











Often become the central economic work conference, the second year to judge a key market benchmark, and in the November 27 meeting of the CPC Central Committee Political Bureau meeting, was seen as the central economic work meeting "set the tone will be."





The Central Political Bureau meeting stressed that to maintain continuity and stability of macroeconomic policies and continue to implement the proactive fiscal policy and loose monetary policy appropriately, according to the new situation and new focus on improving the policy relevance and flexibility. Meeting and highlighted: "To promote domestic demand, especially consumer demand continued to increase and enhance residents, especially low-income people spending power, perfect the consumption policy."





Specific measures, on November 27 Politburo meeting on the 10 specific direction, in addition to maintaining the basic orientation of macroeconomic policy and macroeconomic control, the consumer to become the first-mentioned contents. Session, to promote domestic demand, especially consumer demand continued to grow and enhance residents, especially low-income people spending power, perfect the consumption policy. Experts predicted that central economic work conference will continue the CPC Central Committee Political Bureau meeting of the "perfect the consumption policy."





Credit policy may be subject to fine tuning





Department of Commerce International Trade and Economic Cooperation Institute, said Mei Xinyu, an expert, right now, not simply pick up the world economy, China's economic rise also faces many uncertainties, expansionary policies should not appear in the first half of next year, a sharp contraction, but policy fine-tuning is inevitable.





He believed that this round of crisis in the process of monetary policy to play an important role in the coming year will return true "moderate." Although interest rates, deposit reserve ratio may not be quickly adjusted, but the official would be action in the credit policy, on different industries, different enterprises, "differential treatment." At the same time, the transfer structure, promote consumption, the policy will dwell more in order to promote sustainable economic development. Lured by extension





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Fan Jianping, chief economist for the State Information Center, believes that the current Chinese economic growth is still lower than long-term potential growth rate, inflation pressure is not, therefore, 2010 should be "steady growth, transfer structure, anti-inflation" as the basic policy orientation.





"Steady growth", the key is to manage the pace and intensity of government investment.





Fan said, the government investment is driving the Chinese economy's main driving force of this round of rapid recovery is only possible overheating of the field next year. He suggested that officials should focus on improving investment efficiency, manage the projects have been launched for the "new setting out their stalls" When cautious.





Mei Xinyu also pointed out that the central economic work conference will outline the general framework of economic policy in the coming year, for confidence, stability is expected, the current policy should be to "stabilize" the main concern incentives will continue. But the macro-control is not static, once a major turnaround in the economic environment at home and abroad, the official will also prescribe the right medicine, to make adjustments.





2010 year is the implementation of the "Eleventh Five Year Plan" last year. Make next year's economic and social development work, for further effective response to international financial crisis, strengthen our economic recovery basis for the "12 5" to create good conditions for planning and starting the essential.

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