Himfr.com reports China's GDP growth will up to 9% next year

Chris Leung, senior analyst at DBS Bank yesterday published "China's macroeconomic outlook," the report pointed out: China next year, GDP growth is expected to reach 9%, the global economy will enter a phase of slow growth in the long-term recovery. Chris Leung said that the economy has yet clear, but I think the worst period of the economy has passed.

Chris Leung said China temporarily difficult to tighten monetary policy. He said that as the global macro environment is not satisfactory, the dollar continued to weaken, resulting in China's exports remain weak, and the present observation of recovery is uncertain, predictable up to the second quarter of next year to appear signs of economic recovery.

At present, China's power shortage of domestic demand, consumer savings and high interest current savings and GDP, has risen to 50%, a high savings rate in addition to the reasons expressed concern about the macroeconomic outlook, but also from the beginning of 4 trillion economic stimulus policies, a large number of Loan due to a lack of investment has been the direction of the bank cases, is still large amount of low interest rates to return to bank deposits. The investment led to excess capacity led to falling commodity prices, it is not possible to determine the level of benefit the real economy.

The report notes that in the first half extremely loose monetary policy, money growth is nominal GDP, seven times the expected total new loans of up to 10 trillion yuan, accounting for the gross domestic product a / 3, Chris Leung said that the market no need to worry too much at the end of monetary policy tightening.

He explained that the beginning of the year's economic stimulus policy, triggered by massive investment in infrastructure to reach and infrastructure will still need sustained financial injection, so the country will not stop hair loan Moreover, the funds have been put on the market are not all the exhaust, therefore, believed funding side is still abundant. In addition, clear signs of hot money back China, in June 2009 has risen to 600 billion (410 billion yuan off contract).

I am a professional editor from http://www.himfr.com, and my work is to promote a free online trade platform.