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so the question becomes prominent steady growth up. Firm growth in a more important position,, changes deal with the relations between important measure of the situation."Steady growth momentum of the economy in order to curb the rapid decline,, is to stabilize the overall situation, stable inflation." Economic Forecast Department of the State Information Center World Economic Research Research Associate Mo Zhang Nan told this reporter,, steady growth measures include lowering standards, interest rates, etc. monetary policy,, structural tax cuts and other fiscal policies, some of the support policies for exports, as well as new investment projects approved by the NDRC and the local government and so on.The current policy appropriate measures are effectiveReduce distribution costs to expand consumption,, according to the "Twelfth Five Year Plan" quick start major investment projects.
a slight rebound. Analysis, PMI rebounded thanks dominated by the local government, the National Development and Reform Commission as a promoter of a new round of infrastructure investment boom. These ultra-trillion investment in infrastructure projects for cement,, steel, machinery and other industries to form a direct positive. Expected,, as more infrastructure projects have started, the situation of manufacturing companies will likely continue to improve. Experts said that destocking has already begun purchasing volume has risen,, deleveraging will come faster.Exports are also more optimistic. September,, China's export value growth of 6.3%. Among this,, exports grew 9.9%,, a record single-month export scale; imports rose 2.4%. Exports highs on the one hand the United States economic recovery to boost consumption.
eLong management team will host a conference call to discuss results and highlights and to answer questions from investors and analysts.China dependable growth this year in a more important position, in a targeted manner to strengthen and improve macro-control, and actively promote the transformation of economic development mode and structural adjustment, more balanced international payments, the national economy continue to move in the expected direction of macro regulation and control of development , maintained a steady and rapid growth. Experts said China policy measures to stimulate economic growth, used properly, the intensity of suitable launch timing is also very accurate, does not cause side effects.Use policy is necessary to maintain growthSince 2012, the emergence of new domestic and international economic environment changes. On the one hand the developed economies slump caused by the contraction in external demand.
on the other hand domestic resources and rising labor costs,, investment and consumption growth slowed down economic growth continued to fall. This situation urgently calls for measures to promote rapid economic stabilization and recovery.Central decision-makers stressed that this year's macro-control to correctly handle the fast and steady economic growth, adjusting the economic structure and managing inflation expectations in the relationship. Economic growth this year is still within the target range of expectations. But the economy continues downward trend.
on the other hand is the introduction of national policies and measures to promote the steady growth of foreign trade markedly.Monetary and credit growth has been seen as leading indicators of economic activity. The central bank released data show that as of the end of September, China's broad money (M2) increased by 14.8%, narrow money (M1) increased by 7.3%, higher than market expectations, and hit a new high this year. Analysts believe that this shows that China's "steady growth" policy is playing a utility role, passing out of the total demand for liquidity position and society is to further improve the signal.Steady growth did not bring negative effectsThings too far, "steady growth" is good,, some people worry that will not develop into "growth",, in order to avoid over-stimulating the economy emergence of new overcapacity,, rising prices, increase local debt,, asset bubbles rising environmental costs increase and other ills.
improving export policies to promote structural tax cuts, strengthening the financial services of the real economy,, reduce business cost burden ... a series of preset tuning measures in 2012 In the introduction of intensive force together for steady growth played an important role.Mo Zhang Nan pointed out that the pre-policy fine-tuning has paid off,, there is no longer the economic downturn, China's economy has stabilized, there was no hard landing.The latest data show steady growth policies appropriate and effective measures. China Manufacturing Purchasing Managers Index (PMI) 9 month is 49.8 percent.
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