Yifu Lin Accepted His Wife'S Collective Interview And Thought That Interest Rate Increase Was Beneficial To China'S Economy.

How to solve the financing difficulties of SMEs?

Rural banks should popularize Yifu Lin as soon as possible: "financing is indeed a problem that mainland financial reform and development should focus on.

In 2007, improving the financial structure has become the first task of financial reform and development in the future. What we should do now is to sum up the experience of more than 20 rural banks and promote the financial institutions that can solve the financing problems of SMEs.

"No more loans will be made to China with the help of the bank," Yifu Lin: "what China needs now is not capital.

What China needs now is knowledge.

Bernard Shaw has a famous saying, if I have an apple, you have an apple, we two people exchange, you still have an apple, I still have an apple; and if we two have one knowledge, after we exchange, we all have two knowledge.

I am responsible for the creation and exchange of knowledge in the world bank. On this level, if we can help China have more knowledge, the knowledge of the world bank will not be reduced, and China's knowledge will only increase.

That's what I want to do.

"Subprime mortgage crisis will not directly affect China's indirect impact, nor is it very small." Yifu Lin: "how far the US subprime mortgage crisis is going to be? It is hard to tell yet, but I believe that the Great Depression of 1929 will not happen.

For China, the direct impact of the US economic slump is very small.

At present, China's exports to the United States are still dominated by low and middle priced consumer goods. Such products are less affected by economic fluctuations. Therefore, the US economic downturn has no direct effect, and the indirect effects will be much smaller than those in other countries.

"The proposal to raise interest rates and raise interest rates is conducive to China's economy, Yifu Lin:" the two major choices lie before us: first, raising interest rates; the other is raising the deposit reserve, which should be more focused?

He believes that interest rate policy should be used more.

Because the increase of deposit reserve and the decrease of credible loan amount will inevitably damage the small and medium-sized enterprises that solve many employment problems.

At the same time, with the rising price index, if we do not raise interest rates, we will rush to the stock market and the real estate market. This is not conducive to the healthy development of China's capital market and the real estate market.

As long as we persist in a controllable and gradual way, raising interest rates will not attract more hot money.

Ms. Chen Yunying is currently the director of the academic committee of the Ministry of education and scientific research, and also the eleven National People's Congress.