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IMF Lowered China'S GDP Growth Rate To 9.5% In 2011.

2011/9/21 8:58:00 24

The United States Eastern time on September 20th morning (Beijing time September 20th evening) news, the International Monetary Fund (IMF) this year for the first time to reduce China's economic growth, expected in 2011 GDP growth of 9.5%, compared with June, expected to be 0.1 percentage points lower, but still in the world's major economies.

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The latest global economic outlook report released by IMF has cut the global growth rate of GDP in the next two years to 4%, and this year China's economic growth slowed to 9.5% from 9.6% in June, while the forecast for 2012 dropped by 0.5% to 9%.

At the same time, IMF expects China's CPI to reach 5.5% this year, much higher than last year's 3.3%.

Report analysis indicates that China's economic growth is mainly driven by domestic sustainability.

Tighten

Policy and gradually decreasing external demand.

The gradual withdrawal of the Chinese government's fiscal stimulus policy has led to a slowdown in investment growth, but this is still an important contribution to domestic economic growth.

China and India are still the main driving force for economic growth in the region. Asian emerging economies will grow at about 8% this year and next year, higher than the average growth rate of emerging market countries.

IMF believes that China's inflation pressure remains unchanged, but efforts to withdraw the credit stimulus and control housing price inflation through various channels such as mortgage restrictions have achieved initial success.

Zhu Min, vice president of IMF, said at a summer meeting in Davos that Sina's inflation is a long-term phenomenon and should continue to adopt a tight monetary policy.

At the same time, IMF warned that high growth in asset prices in emerging markets could undermine financial stability.

As far as China is concerned, real credit growth has continued to decline at a rate of 10% per year, and housing market pactions and housing prices are all somewhat different.

decline

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But the credit growth rate in Hongkong is high, and the price of housing continues to rise.

In terms of global deficit and debt problems, the report points out that the emerging Asian region is less concerned about this issue. China relies on promoting public consumption and expanding domestic demand to achieve the goal of balancing the economy.

In addition, the report thinks that China's exchange rate reform is not big, and the RMB is seriously underestimated, which will lead to a further expansion of the trade surplus.

The report further admonition that China must improve pparency and execution of monetary policy and rely more on interest rate regulation rather than quantitative currency control.