In this case, how can we not GDP downstream? For Guangdong and Zhejiang, the international economic situation is seriously deteriorating external demand reduced, so that the industrial growth by the rapid growth in the previous decade (Guangdong 2001-2011 average annual growth rate of Belstaff Leather Jackets 18.8%) severe decline 7%. If the economic recovery in Europe is a long way, then any domestic economic policy can not change this situation. Guangdong and Zhejiang provinces to export-led economy to a domestic demand to guide the transformation of economic growth also is a long process. In the past few years, Guangdong under a lot of effort, there are some successes, but also face great difficulties in transition a few years ago, Guangdong and Zhejiang, the kind of rapid economic growth mode, driven by the growth of foreign trade.
In this case, if the re-influx of the scarpe prada real estate market, the real estate bubble re blowing. This should be the government does not want to see. Housing there is a huge demand for credit, but the bank did not dare put. Earlier monetary policy slightly toward easing has brought a rebound in real estate prices, the real estate market is expected to change the real estate macro-control in the past few years is also facing an abrupt end the risk. For rapid growth and economic transformation, the same is not possible for the international economic weakness led to a serious decline in external demand, would like to stimulate adjustment credit demand expansion. In short, it is in the above background conditions, the central bank cut interest rates twice and did not start the rapid growth of domestic bank credit, and China's supra vaider current economic problems, domestic economic growth downward, may be associated with the United States and Europe are very different, it is unable to inspire through credit easing adjustment, otherwise, will embark on the old inflate the real estate bubble in 2009. |
