comprehensive Xinhua News Agency reported
on economic stimulus in the market when it's hot out of the sound, the Chinese decision-making position again this year to continue the proactive fiscal policy and loose monetary policy.
yesterday, the CPC Central Committee Political Bureau held a meeting to discuss the State Department considered to be the NPC's CPC General Secretary Hu Jintao presided over the meeting.
meeting stressed that 2010 is to continue to cope with the international financial crisis and maintain stable and rapid economic development, accelerate the transformation of a crucial year for economic development must be fully and correctly judge the situation, enhance the sense of a solid job, in an effort to engage macro-control and maintain stable and rapid economic development.
meeting that this year should continue to implement the proactive fiscal policy and loose monetary policy, to ensure policy continuity and stability, according to the new situation and new policy to continuously improve the relevance and flexibility, a good grasp of policy implementation intensity, rhythm, focus.
the position has been reiterated more than one year's economic stimulus policy. Prior to this, including Chinese Premier Wen Jiabao, Vice Premier Li Keqiang, as well as relevant government departments, have repeatedly referred to the The People's Bank of China recently increased yield central bank bills and deposit reserve rate movements frequent, market that reflects the intent of tightening liquidity.
Internationally, the United States as the representative of the major economies are also preparations to establish stimulus exit signs. Federal Reserve Bank raised its discount rate on Thursday to 0.25 percentage points, this is the first time since the financial crisis the Fed to take the recovery of mobility policy. But it also stressed that the move does not represent a broader credit crunch beginning, its purpose is to make the Fed's loan recovery mechanism further normalization.
Industrial Bank (33.19, -0.59, -1.75%), political commissar of fund operation center economist Lu said, the Fed raised the discount rate, marking the world's Regardless of how the world's major countries that it will not prematurely withdraw stimulus, one thing is quite clear: not a single central bank will continue to
comment: This policy reaffirms just proved my last blog mentioned point of view, certainly this year's total monetary policy will not change, I think there will be loose around April at the latest, otherwise the impact of this year launched a new various projects to promote investment in fixed assets, indirect effects of the chain of funding for SMEs; and would result in the second half of the funds in the market is too loose, is bound to favor once again a large number of bills of credit funds business, resulting in the discount rate again upside down! This full-year economic recovery is very negative.
