Economist Wang Jun pointed out that China used to adjust economic emphasis on infrastructure and real estate investment because of fast results and good efforts.As the volume increases and continuously regulates counter -cyclical, increase infrastructure construction, the new incremental space of infrastructure is getting smaller and smaller, and the weaker the overall economy is.
The Chief Representative of the International Monetary Fund (IMF) in China said that China may not end the dynamic zero -epidemic prevention policy until the second half of next year, calling on China to adopt more currency and fiscal stimulus measures to support the economy, and it should be even moreFocusing on supporting consumption rather than investing, the former can more effectively pull domestic demand.
Yi Gang, the president of the People's Bank of China, said that it will increase the implementation of stable monetary policy, focus on supporting infrastructure construction, and at the same time promote the special borrowing of "insured and diplomas" to accelerate the use of landing.
Economists interviewed pointed out that China has emphasized the economic adjustment method of supporting investment in the past 20 years, but it must be realized that this effect is getting weaker and the need to expand consumer demand is becoming more and more prominent.
Bante delivered the above speech in an interview with Bloomberg on Friday (October 14).He said that China's epidemic prevention and control effects in the past two years are very good, but this year, due to the spread of Omiko's strains, large cities such as Shanghai have implemented seal control management, and economic losses have suffered heavy economic losses.
The latest report released byIMF on Tuesday (October 11) states that dynamic clearance has caused a major blow to the Chinese economy, and the growth expectations for the growth of the Chinese economy will be 3.2 % and 4.4 % respectively.
Barnat calls on China to take more currency and fiscal stimulus measures to support the economy. He said that although China's inflation level is low and the monetary policy still has room for "maintaining looseness", the fiscal policy is the "key".
Barnett emphasized, "This is not only the size of the deficit and the increase in expenditure, but more importantly, the composition of expenditure", the composition of fiscal policy, "may from supporting investment to strengthening support consumption, which can drive domestic demand greaterly."Essence
Wang Jun, director of the China Chief Economist Forum, said in an interview with Lianhe Morning Post that the way China used to adjust its economy focused on investment, mainly including infrastructure and real estate, because they had fast results and had good efforts.
Central Bank of China: to promote the development of the housing market together
Yi Gang attended the fourth G20 financial minister and central bank governor meeting on Thursday that the central bank would provide more powerful support for the real economy, focus on supporting infrastructure, and support financial institutions in key areas.Equipment update and transformation loan.At the same time, the "insurance delivery building" is promoted to promote the steady and healthy development of the real estate market.
But Wang Jun pointed out: "With the increase of China's volume and the continuous adverse cycle regulation and increased infrastructure construction in the past 20 years, the new incremental space of infrastructure is getting smaller and less, and the role of the overall economy is driving.It is getting weaker and weaker. "
On the other hand, real estate is undergoing "the process of gradually falling from the peak of historical". It is also difficult to achieve the effect of "one placement" in the past, so it is necessary to expand consumer demand.
Wang Jun said, "Especially the residents have the confidence and willingness to expand consumption, it is very critical to the recovery of the economy."
China September September Resident Price Index (CPI) was released on Friday, an increase of 2.8%year -on -year, slightly lower than market expectations.China's inflation continues to gently reflects the weak domestic consumption demand, and it is still in the restoration stage.
However, Wang Jun believes that real estate is still an important support for the economy. It is not only related to the growth of investment. Its derived housing consumption, such as decoration and home appliances, can also drive domestic demand.
According to Reuters, Chinese real estate developers will be cautious in the upcoming Communist Party's 20th National Congress of the Communist Party of China. After postponing debt reorganization to the conference, they hope to get some clues about how the government will stabilize the housing market from the meeting.
