however, control of inflation worries brought about economic policy also should not be underestimated. To the end of October, the new credit scale has reached $6.9, the M2 monetary growth rate of 19.38%, breaking or fast break through credit scale and M2 at the beginning of the year the growth target, these are for the management of inflation expectations has brought great challenges. From the current M1 and M2 growth rate difference of view, China's deposit is not active, economic activity is not high. Although the loose monetary policy oriented, China's economic growth to maintain a steady growth, but the sustained growth momentum is not very strong. The reason behind this year rising food prices rose sharply, in addition to affect its production cycle and environmental factors, China's structural monetary supply and excess liquidity also plays an important role. On the one hand, from the total amount of money point of view, a lot of credit with the main investment growth, investment main body is still the government investment and state owned enterprises as the main body; on the other hand, from the money supply structure,<a href="http://www.doctorchess.com/images/_vti_log/prada-baggu-outlet-4.html">プラダ 店舗</a> http://www.doctorchess.com/images/_vti_log/prada-baggu-outlet-4.html, small and medium-sized enterprises still lack of financial support. In the first three quarters of GDP, investment contribution rate of 58.8%, the contribution of consumption is only 34.4%, compared to 09 years, the sharp drop in the proportion of consumption. It also confirms the above on economic activity is still lack of judgment. In the lack of consumption, situation of trade of harsh environment abroad, simply relying on investment, especially government investment, the negative effect brought by the economic operational efficiency decline and economic growth lack of sustained growth momentum. Results the final comes, there are some money supply precipitation in the real economy, induced inflation, especially once the economy appears more live >
China's monetary policy objective is to maintain the stability of the currency, and to promote economic growth. In view of this kind of goal setting, the annual overall moderately loose monetary policy effect, achieve the expected results. On the one hand, in the year to the three quarter GDP growth of 10.8%, compared to last year's growth rate of 7.7%, has been greatly improved, thanks in part to a more relaxed monetary environment. On the other hand, although in October CPI has reached 4.4%, the annual 3% target implementation has been difficult, of course, this does not mean China has a serious inflation problem. A value of 3% is only artificially created more this year, is on the loose monetary policy is reflected, therefore, even if it can not be achieved, at least for now is still relatively modest inflation.
moderately loose monetary policy has been basically reached the expected target
recently held a meeting of the political bureau points out, 2011 to implement a proactive fiscal policy and a prudent monetary policy. This means that next year China's monetary policy tone will change, and the intensity of the role of monetary policy will be adjusted. So, how to treat and evaluate the moderately loose monetary policy implementation effect, the future macro economic policy to adjust,<a href="http://www.ugpulse.com/events/images/hermes-baggu-outlet-7.html">エルメスバック</a> http://www.ugpulse.com/events/images/hermes-baggu-outlet-7.html, the prudent monetary policy how to play the role, this paper will talk about some superficial views on these issues.
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