China's economic downward pressure may increase, experts explored that

Steady growth can no longer expect "4000000000000"

● fine-tuning of macroeconomic policy has begun to bear fruit, definitely not to engage in "four trillion" over-reaction to prevent further append and overlay policy.

● the current consumption is basically stable, there is no need substantial adjustment policies to stimulate consumption, or it may disrupt the pace of people's consumption, overdrafts, the potential for future growth.

● Only Fangshuiyangyu the taxes have a brighter future. More economic downturn, the government is more calm, properly handle the relationship between taxes and tax sources.

This year, our economic downward pressure is further increased. January to May, China's exports year-on-year increase of 8.7%, lower than the annual growth of 10% of the target; fixed asset investment growth of 20.1 percent, continued to fall over the first 4 months; real estate market, trading volume has increased, but housing starts, the land market is still relatively slow; the stock market recently fell sharply. Series of phenomena of China's economic outlook is not optimistic. To this end, the China International Economic and Exchange Center in Beijing on June 14 workshop, invited a number of authoritative experts in the industry on how to achieve steady growth "in-depth discussions.

Policy fine-tuning is beginning to bear fruit, never again to engage in "four trillion.

The world economy as a whole in the recovery, but the process is slow. "Many people believe that China's economic growth rate fell unexpectedly. I do not think so, I think this is completely expected." The deputy director Ren Hekeng of the NPC Financial and Economic Committee, said many countries in the world recognize the need for attention to the real economy crisis, To reduce imports, increase exports, using their own products instead of the original imported products to developing countries, which have a major impact on the Chinese economy. Furthermore, consumer issues in the short term be resolved, only to reverse the income distribution structure, people's spending power in order to have a more substantial upgrade, and this takes time.

"Faced with the immediate situation, do not worry. Theoretical circles generally proposed must not engage in the 'four trillion' investment, we recognize the unprecedented unified, which is very good." Said He Keng, the future must focus on expanding consumer demand and promote economic independent growth; should resolutely implement structural tax reduction, none other to the enterprise; should guide and supervise the banks to better serve the real economy; is necessary to change the mode of economic development, do not always take into account the GDP growth to real livelihood issues as re- weight.

Deputy Secretary-General of the China International Economic and Exchange Center Cao Lian said the May data show that the macroeconomic fine-tuning policy taken by the state has begun to bear fruit, export, real estate rebounded significantly, especially in the near future on the expansion of investment, speed up the approval of construction projects in support of the private economy intensive small micro-enterprise policies such as the introduction of economy at the end of the second quarter is likely to stabilization and recovery.

"These fine-tune the current policy is sufficient, I do not consider it appropriate to implement the 2008 large expansion of the monetary and fiscal policy, to prevent further append and overlay policy overreaction." Cao Lian, to recognize that the current economic downturn in addition to the slowdown in external demand more important is the expected results of the domestic macro-control. Of course, China's economy faces some risks, but also a high degree of concern.

Stimulate consumption can not be instant success, the regulation of real estate can not relax.

The 12th Five Year Plan "put forward a very clear policy guidance in the income distribution to improve the two proportions: First, increase the proportion of income in the distribution of national income; improving the workers' compensation in the initial distribution proportion. Fan Jianping, chief economist of the State Information Center, "12" since the beginning of the reform of the income distribution policy to achieve some positive results, the relationship between income and GDP are moving in a positive direction change.


Other News:
People's Daily: Absolutely not to engage in a four trillion
India's May inflation picks up ahead of expected rate cut
China central bank clarifies the extra urgent document: The first anteroom loan
VW five-month group sales up 9.3 percent on China, U.S
Development and Reform Commission: the price ladder in July from national pilot
Merkel firmly behind euro, but will she act?
Stainless steel resistant to corrosion the main reason
On 14 June, international news overview