Third Quarter GDP Better, Premier Li Announces

China is quietly approaching an L-shaped recession recovery according to some Chinese economists.
SASAC research center researcher Hu told reporters late on First Financial, PPI positive performance partly because of supply-side structural reforms began to show, on the other hand in the second half led to a number of large projects landing growth in demand, led economy With more positive data improve.

National Bureau of Statistics plans to release economic data for the first three quarters of this year the day after tomorrow (October 19), for most institutions are expected in the first three quarters of economic growth was 6.7%, consistent with the second quarter. Some economists also recently different occasions that China reached more than 6.5% of annual economic growth is entirely possible.

...Director of the Economic Research Center of Peking University Lin Yifu, the new structure on October 16, "chief economist at Fudan Forum" said that once you can maintain a moderate growth of investment, we can create jobs and increase household income, thus making consumption to maintain a relatively normal growth, "in this situation, I want to achieve more than 6.5 percent growth in 'thirteen Five' plan proposed, as long as our policies in place, is entirely possible."
Deleveraging remains the greatest challenge and risk though.
After the capacity to get good results, lowering the lever or in the next stage the main task.

Zhang Jun, president of Fudan University School of Economics on the "chief economist at Fudan Forum", said the challenges that threaten the long-term growth prospects in China, the huge debt stocks bear the brunt.

First Deputy International Monetary Fund (IMF) , president of Lipton CBN reporter had also stressed its concern for the debt in the enterprise: "The rate debt accounts for 145% GDP (2010 less than 100%), significantly higher than the international average. "

Economics and finance professor at Tongji University last year, Sun Yefang Award winner coming in Zhongning Hua recently said in an interview with CBN reporter, China's state-owned banks lending preferences may be the main reason behind this - the release of liquidity by the central bank, the state-owned banks in order to avoid risks, the steady flow of funds to lend to large state-owned enterprises, and external financing constraints smallest listed companies; on the contrary, the majority of companies do not benefit from the current monetary policy.

Zhongning Hua said that to solve the problem, we must decisively place in inefficient deleveraging. To do this, we need to continue to promote the reform of state-owned enterprises, "Guantingbingzhuan."

iFeng: 多项数据露苗头 中国经济L型拐点正悄悄走近

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