• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    It Is Necessary For Monetary Policy To Remain Relaxed.

    2015/3/28 22:21:00 20

    MoneyPolicyLoose

    In early 2015, the index of economic data did not recover with the advent of spring. China's GDP growth rate in 2014 was only 7.4%, the slowness of economic growth since 1990. As an important indicator of Keqiang index, the total electricity consumption of the whole society increased only slightly, while the railway freight volume decreased by 3.9% compared with the same period last year. At the same time, the two indexes of CPI and PPI also created the lowest level since November 2009. Worse still, the Chinese economy appeared to have negative growth provinces. For example, Liaoning's industrial growth rate dropped 4.5% in the first two months of 2015.

    From a macro perspective, this is Monetary tightening As a result, we can analyze from the data: as at the end of December 2014, the balance of broad currency (M2) was 122 trillion and 840 billion yuan, but most of them were "derivative currencies". The amount of basic currency equivalent to real gold and silver was only 32 trillion yuan. At the end of 12 last year, the balance of foreign currency deposits was 117 trillion and 370 billion yuan. Even in accordance with the reserve fund 18%, 20 trillion and 200 billion of the frozen money was accounted for, which accounted for 63% of the 32 trillion of the basic currency. That is, China's 63% currency was lying in the central bank's sleep and was not in circulation at all. This is the root of China's "money shortage" in recent years.

    In recent years, professional scholars have appealed to China to relax monetary policy moderately. China has not loosened its currency. In fact, it is also worried that loose money will further push up housing prices. The current housing prices and real estate sales are relatively low, but the real demand for Chinese housing is not small.

    stay Monetary tightening In the big environment, economic growth can only rely on finance plus leverage, and in fact, it is not enough to increase leverage in finance. It should start private investment. The potential of China's private economy is great. The problem now is that industries with relatively good economic prospects are in a state of no money. If China wants to reduce its leverage by finance, it must start the private sector. Enterprise investment Loosening money is a way to go around. Interest reduction can partially reduce the cost of financing, but the effect will not be very good, because it is not because interest is too high, but because the currency is too small, a large amount of money is frozen in the form of deposit reserve in the central bank, and commercial banks also have no money. However, most of the private money comes from banks. The reason is very simple.

    In fact, the channels for Chinese currency to flow from financial institutions to enterprises are smooth. In the process of heavy investment and Internet Financial remittance, this channel is more smooth than before, and the channels are more diverse. Why is the real economy still "lacking water"? The most fundamental reason is not that the central bank failed to "cut interest rates", but that the amount of money was too small, which led to the excessive price of money. After several successive "interest rates", the central bank's monetary policy seems to have been in a loose state. Commercial banks do have funds, but this kind of capital is "living water" on the surface, which is still locked in the central bank's safe. That is to say, China's huge stock of money does not exist in commercial banks, nor in shadow banks. Shadow banks are only distributors of commercial banks, and the real money stock is in the central bank. Therefore, Prime Minister Li Keqiang has raised the right to activate the stock of money, and to activate the stock must start with the central bank.

    Only when monetary policy is adjusted to normal can China's economy grow. All of these need the guidance of the government, but this is not terrible, because the relationship between the government and the market has always been complementary to each other. The market economy also needs the moderate intervention of the government. The exclusion of the government will inevitably not do the market. The more the government serves the market, the greater the market will do, which is the original law of the market economy.


    • Related reading

    What Happens After The Stock Market Stands At Ten Thousand Points?

    Finance and economics topics
    |
    2015/3/27 21:43:00
    14

    US Dollar Stocks Face Perfect Storm

    Finance and economics topics
    |
    2015/3/26 21:17:00
    16

    A Shares Vigorously Pursue Overseas Funds

    Finance and economics topics
    |
    2015/3/24 18:57:00
    28

    China Will Usher In A New Policy Easing Window

    Finance and economics topics
    |
    2015/3/22 13:59:00
    19

    SFC: Optimize Shanghai And Hong Kong Through Research And Launch Shenzhen Hong Kong Tong

    Finance and economics topics
    |
    2015/3/22 10:32:00
    39
    Read the next article

    Wenzhou Releases 12 New Central Bank Support For Financial Reform

    We should give full play to the joint system of "one government, two houses", and promote the establishment of a linkage mechanism between government, banking, enterprises and law, and innovate the mechanism and way of handling differences in financial creditor's rights. Optimize the implementation of private financing filing system. We must crack down on the evading debts of suspected crimes.

    主站蜘蛛池模板: 粗大的内捧猛烈进出小视频| 久久aa毛片免费播放嗯啊 | 女同一区二区在线观看| 国产xxxxx在线观看| 亚洲人成色777777在线观看| 一个人看的日本www| 精品国产Av一区二区三区| 性久久久久久久| 全免费a级毛片免费**视频| 久久免费视频网站| 野外三级国产在线观看| 欧美亚洲日本另类人人澡gogo| 国产精品综合一区二区| 亚洲午夜无码久久久久| 亚洲精品视频在线观看你懂的 | 日本护士取精视频xxxxx全部| 国产在线高清精品二区| 久久亚洲国产视频| 黄色网址免费大全| 日韩乱码人妻无码中文视频| 国产三级在线观看播放| 中文字幕在线免费观看| 饥渴艳妇小说官途欲妇| 最近高清日本免费| 国产精品久久毛片| 久久综合AV免费观看| 蜜臀AV在线播放一区二区三区| 成人无遮挡毛片免费看 | 蜜桃臀无码内射一区二区三区| 成年女人a毛片免费视频| 免费无码又爽又刺激高潮视频| 99久久国产宗和精品1上映| 欧美成人免费全部| 国产老妇一性一交一乱| 亚洲va中文字幕无码毛片| 香蕉在线精品视频在线观看6| 无码不卡中文字幕av| 免费午夜扒丝袜www在线看| 911色主站性欧美| 日韩人妻无码一区二区三区| 国产91最新在线|