Introduction: the four lines on the loans in the first

Introduction: the four lines on the loans in the first suite of implementation of the benchmark interest rate, a number of cities increases the general housing standards. February 17, The Sound of the economic focus: the first suite of loan interest rates return to, is not a rigid demand for a meet Adjustment of housing prices standards for residential volume will be what impact Will enable the property market warming may be

Zhongguang Wang February 17, according to the economic voice of "CNR Financial Review reported that the Spring Festival, the commercial bank's overall lending and the fourth quarter of last year compared to a slight improvement from tight state. This week, this reporter visited, telephone consultation a number of banks learned that part of the interest rates go up before the first suite of 5% -10% of the bank, most have been adjusted to the benchmark interest rate of 7.05%. Present, including four state-owned commercial banks, including most banks, the first suite of interest rate benchmark interest rate by execution.

The implementation of the standards of the banks lending policies of the first suite is the first Fusan Cheng, interest at the benchmark rate; the performance standards of the two suites loans down payment Liu Cheng, interest rates go up 10%. Implementation of the benchmark interest rate on loans in the first suite in most banks, a number of cities have raised the general standard of housing. Following Wuhan, Beijing, Tianjin, Xiamen and other cities, from March 1, Shanghai will adjust the general housing standards. Shanghai to determine the standard of ordinary housing, including the region of the second ring three are the total price of the floor area ratio and size of this adjustment is the price standard. Voice of Commentator of the economy, Shanghai E-House Real Estate Research Institute Yanghongxu to comment.

Whether it is monthly total interest callback pressure to reduce what is the purpose of the first mortgage regression benchmark interest rate to do so

Yanghongxu: This better meet the live demand loan demand, which means that the more differentiated the purposes of mortgage policy, real estate regulation continued to the present, the country's housing prices have begun to fall, initially appeared in the regulation of the effect of process , this time to correct control policies in the past too harsh arising from accidental injury, especially in personal loans, more stringent, and even first-time home buyers this just need to give accidental injury.

Effective after regulatory effect in the present circumstances, and then back to the correction, the better to protect their own needs, especially first-time home buyers loan demand which independent demand, this should be said that our entire regulatory policy toward is coordinated.

More than one city raised the standard of ordinary housing, the purpose of doing so then what is it

Yanghongxu: The purpose of this now relax for the first time home buyers mortgage a little similarities are better improve the existing real estate policies, the better to protect their own needs, especially in ordinary housing demand.

Ordinary residential standards, eight of them in a new country in 2005 after the 2008 property market downturn around the time used to improve a standard around basically untouched. Around the house prices since 2008 are up very high and has even doubled, originally belonging to the common room housing transactions this should be able to enjoy the tax benefits, suddenly, after skyrocketing housing prices will not be eligible to enjoy tax breaks, to adjust the standard more houses can meet the standard of ordinary commercial housing, so that buyers who derive tax benefits, since last year in Beijing, Wuhan, Shanghai began to adjust this standard.

Related to industry analysts said the local government of this adjustment to the standards of ordinary housing, not only encourages a rigid demand, but also to avoid the overall relaxation of the possibility of speculative investment demand, and you agree with this analysis

Yanghongxu: I basically agree, or the protection of ordinary residence in such consumption and purchase, the average residential standards, for example, the area must not exceed 140 square meters, around a little bit different, ordinary buyers of residential the vast majority of independent demand, to protect them this demand with some tax incentives are very legitimate, investment speculators Sony Parts Replacement generally do not buy this house, what they buy is generally the buy more.

The adjustment of housing prices what impact the volume of the city's residential

Yanghongxu: slightly stimulate demand to a certain extent. For example, in 2008 outside of Shanghai Outer Ring prices can enjoy total price of 98 million currently to 1.6 million Apple Keyboard for a 60% price criteria on the fact, equal to the threshold lowered by 60%, the benefit of the surface is quite large, the number of The demand is because of this policy is to be stimulated to be released Hard to say, this entire control policy is tight, or the decline of the entire housing market, housing prices or down, many people may still take a wait-and-see to rely on such a small few percentage points of tax incentives is also difficult to leveraging demand, help, but of little help.

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Although the first two months of credit were lower than

Although the first two months of credit were lower than expected, but under the influence of the end of the quarter factors, market participants generally expected in March of credit will be better than the first two months. A number of institutions predict that the March of credit scale, or about 800 billion yuan.

"Our preliminary forecast in March of credit scale 800 000 000 000 -9 000 billion of credit to maintain a balanced state." E Yongjian, Bank of Communications, Research Fellow at the Center. From the current regulatory tone, regulators stressed that the monthly balance of credit delivery, the agency expects a single month this year, credit ups and downs will not be much. Situation of the previous two months, the credit is generally lower than market expectations, E Yongjian, the March quarter, banks should be washed about size, but not too much.

Chairman Jiang Chaoliang Prior to the interview with this reporter said that the current effective demand for credit of the real economy really is falling. "In terms of demand for credit has been some decline in credit demand signal." E Yongjian, first of all the rediscount rate on the decline; bill financing growth more in February. In general, the bill financing rapid growth, indicating a lack of corporate demand for credit, banks need to be rushed through bills financing scale. If the demand for credit is relatively strong, banks will be to compress the scale of bill financing; Third, corporate long-term loans increased by not more than,'s willingness to invest is not very strong. "But these are some of the signal, with the uncertainty of 1,2 month has seasonal factors, etc. in which the demand for credit is declining only after the data came out in March will be clear."

Chief economist Lu political commissar of the forecast, the size of the new credit in March in 7000-8000, the value of 750 billion. Political commissar Lu pointed out that, although the media revealed that the four lines the first half of March credit growth is still weak, but the $ 50 billion put in the intensity and no more weak than the previous month over the same period.

"At the same time there are signs that the recent demand for credit from the previous month improvement", Lu, political commissar of the first look at the paper market, in late March, the end of the bill rate continued downward trend since the longer time to stabilization and recovery, rebound in demand for corporate financing instruments, notes supply began to increase gradually. Second, in February since the volume of second-hand housing market pick up, which will have long loan households in March the formation of support. Again after the end of the two sessions, large projects were launched, uncertainties related to lending policies of the local financing platform also will enable Credit demand has picked up. In addition, bank credit to the tempo of point of view, there are still the amount of control, commercial banks tend to use to the full amount completely, four rows of the last day of February new loans, 80 billion on the one hand control of the line of credit is still very strict, On the other hand also shows that the demand for credit is not weak.

In addition to the demand for credit deposit ratio evaluation system on the lending capacity of banks is also a big constraint. From the 2011 Annual Report of the commercial banks have been disclosed, a number of banks deposit ratio over 70%, of which the deposit-loan ratio of 72.85 percent, Societe Generale bank loan ratio of 71.46%, Bank of the large banks deposit ratio reached 71.94%. Assistant Banking Regulatory Commission Apple Keyboard Chairman Yan Qingmin previous interview with this reporter, said that the savings and loan than regulators do not relax.

People have been news that the CBRC will commercial banks implementation of the average daily loan ratio assessment. "We have not received regulatory agencies on the implementation of the daily average deposit ratio of file, if the implementation of the daily average deposit ratio assessment, asset liability management capacity of the domestic banks will be higher demands." A state-owned bank official said.

2012 started the construction of affordable housing and shantytowns, housing

2012 started the construction of affordable housing and shantytowns, housing more than 7 million units, a data, causing widespread concern.

The goal of building more than 700 million units of affordable housing which signals the release of Housing and Urban Construction Policy Research Center of the Renqin Hong Xinhua in an exclusive interview on the 23rd, answered this question.

Great efforts in building no less the actual amount of construction in progress

Compared with 2011, 10 million sets the goal of building next year, newly started more than 700 million units, apparently decreased. Does this mean that government protection of housing construction weakened

Qin Hong said that, though a small number of new construction, but in 2012 the actual construction project a huge amount of funds for construction of the actual investment will exceed this year. Housing construction has a construction period of about 2-3 years, according to rough estimates, the actual construction in progress amount next year about 18 million sets, which include part of the project started in 2009 will be completed next year we should, 10 million of the 2011 new construction sets of the vast majority of next year but also under construction. Therefore, the intensity of protection of housing construction has not weakened.

According to reports, the plan took into account other factors as capital, land, continued construction of the project and the department of railways and other shantytowns "on-demand reporting, bottom-up" principle, incorporated into the plans. Ministry of Housing and Urban-Rural Development requires that new construction projects next year at the latest before the end of November all the work, started the standards this year, the same is to ask the third to reach the main structure basically completed, one-third of the floor construction, three the one foundation construction.

More funds for Paul completion to ensure quality assurance supporting

Upon request, the 2012 security room was basically completed more than five million units, the completion of the amount is higher than this year. With the increase of the construction of affordable housing task, project quality control and distribution, operations management, face serious challenges, especially the task of the infrastructure supporting the construction of more and more weight.

It should be noted that some local affordable housing has lagged behind the phenomenon of supporting facilities construction, transportation and other external. A handful of local affordable housing projects selected in a place far away from the city center, supporting facilities could not be under construction simultaneously, can not stay late after the completion of, or to stay, but life is not convenient.

Qin Hong believes that the 2012 lower start number, meaning that capital investment can be used for more security to completion to ensure quality, low-income families enjoy the benefits as soon as possible. At the same time, but also the maneuvers part of the funds for the protection of housing supporting projects. This will help speed up the completion of speed as soon as possible to provide an effective supply better ensure the quality, housing security object to living more convenient.

Conducive to a balanced "during the 12th Five-security housing construction rhythm

According to the plan, the "12th Five-Year" period China to build 36 million sets of security room. Qin Hong said that next year is the second year of "12" two years ago, started construction of more than 1700 million units of affordable housing, and almost half of the whole "12" construction tasks. Therefore, in 2012 started the construction of more than 700 million units of the security room can make a more balanced pace of construction of the "12th Five-Year" period.

2011 arrangements to start construction of 10 million sets of protection of housing, both to increase the supply of affordable housing as soon as possible, a little earlier to solve the Sony Parts Replacement housing problems of poor people, promote social equity and harmony; also takes into account the needs of the real estate market regulation, as soon as possible the completion of a considerable number affordable housing to ease the housing supply and demand, stable social expectations, while avoiding a substantial decline in real estate investment affect economic development.

Qin Hong said that in 2011 started construction of 10 million sets of protection of housing release policy signal is very full, has played a positive role to change market expectations, greatly reduced the low-and middle-income families face housing prices in panic. Therefore, it is also conditional slowdown in the pace of development of the security room. (Du Yu Cheng Qun)

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May 10, the domestic refined oil market experienced during the

May 10, the domestic refined oil market experienced during the year the first price reduction. While gasoline is 330 yuan per ton reduction makes the downstream industry to follow the trend of downward adjustment in prices, but this time the oil prices down, or will be the industry's long-awaited new oil pricing mechanism introduced to pave the way. Manuscript co-ordinate Zhu Xu male Luo Wenjing

New York oil price fell to $ 90

U.S. crude oil inventories to the highest in 22 years, turmoil in the euro area, as well as the upbeat news coming from Iran to put pressure on international oil prices, crude oil prices continued to fell. In fact, since May, the international oil price continues weak run, statistics show that in the last week of a few trading days, New York, crude oil is down $ 9, or more than 8%; Brent crude is down $ 7 cumulative decline of over 6%.

As of closing on the 25th of this month, the New York Mercantile Exchange, light sweet crude for July delivery rose 20 cents to close at $ 90.86 a barrel, or 0.22 percent. But look at the whole week, New York oil prices are still down 62 cents, 0.70 percent weekly decline, the fourth consecutive weekly decline. North Sea Brent crude for July delivery rose 28 cents to close at $ 106.83 a barrel, or 0.26 percent the week down 31 cents, but also for the fourth consecutive weekly decline.

Sustained international oil prices tumbled under the influence of the three crude weighted average rate of change once again fell below 4 percent. According to the related site monitoring data, as of the 24th of this month, the weighted average price of Brent, Dubai and Cinta crude oil continuously moving rate of change has reached -4.15%.

In this context, the refined oil prices again this year down the voice sounded again. Expected, according to the Zhongyu information analyst Wang Jintao, June 9 will meet the 22 working days of the price adjustment conditions, due June 9 to coincide with the weekend, the state may advance to June 8 or pushed to June 11 announced The price adjustment message. Downward adjustment expected this week, domestic gasoline and diesel market will continue to downlink the main. At the same time, the current crude oil price estimates, the current round of price adjustment downward reference range of 350 yuan / ton.

Opportunity to launch a new mechanism or

In the domestic refined oil prices experienced during the year, the first cut, and again came when the price cut, industry analysts generally point out that if the domestic refined oil prices twice in a row down, the new refined oil pricing mechanism is expected to immediately launch is expected to possibly in June. "In this context, the introduction of new pricing mechanism, a relatively high market acceptance. The one hand, inflation is under control, the domestic inflation index is not high. The refined oil market is now in an off-season to the transitional stage of the season, a more balanced supply and demand, followed by international oil prices in a down cycle. "Zhuochuang information analyst pointed out.

Recently, revealed the drawbacks of the current refined oil pricing mechanism in the industry talking about, but because of the strong trend of international crude oil market, the current refined oil pricing mechanism, repeatedly missed reform opportunities. However, when the era of high oil prices, the refined oil pricing mechanism reform has once again become the focus of the industry. University, Dr. Guo Fang interview had said that the current low oil price era has ended, high oil prices will be the mainstream. China's refined oil products with international standards, mainly institutional reforms, from government pricing changes in market regulation. Crude oil and international standards, refined oil products have to keep up with, the reform should be up and down the reform of integration of industrial chain. The new refined oil pricing mechanism, the price adjustment period should be shortened, improved price adjustment mode of operation, improve the transparency of the mechanism to run.

According to the NDRC to industry sources, the new pricing mechanism is divided into four discussion groups, each group submitted a program, the NDRC will eventually not sure which set. Regardless of the choice of which set of programs will reduce the price adjustment time, increase the price adjustment frequency.

In addition, the downlink new situation for the current international oil prices, some experts said that market-oriented reforms of China's refined oil pricing mechanism should be both inside and outside, it is necessary to consider the linkage with the international oil prices, but also taking into account the changes in the domestic oil supply and demand. Recently, the influx of private stations and joint venture gas stations off the markdowns, which reflects the direction of the reform of China's oil market. China should further encourage private and foreign participation in China's refined oil market, China's oil market players are more diverse, more fully competitive, the market is more just, open and transparent.

Experts suggest that

Reform of the pricing mechanism from the four aspects

Then expected to choose the launch of the new refined oil pricing mechanism will be to make adjustments in what areas Zhou Xiujie, Investment Advisor in the energy industry researcher, said: "The fundamental goal of the refined oil pricing mechanism is realized oil price in the market, therefore, should start from the point of view of promoting market-oriented." China's refined oil pricing mechanism is not yet market-oriented, but the rapid market-oriented does not conform to the actual situation of China's oil market. Present, the refined oil pricing mechanism should take every step of the way, and gradually move closer Sony Parts Replacement to the market.

After the implementation of the new pricing mechanism is expected to bring the two aspects of change. First, more frequent oil changes, and the fluctuation of international oil prices gradually close; Second, the pricing gradually increase, independent pricing space will be further expanded. "said Zhou Xiujie, the new pricing mechanism First, to consider reducing the price adjustment appropriate to shorten the cycle, the current 22 days; yes, can reduce the change in margin requirements, the Apple Keyboard 4% margin requirements should be modest downward; is to perfect the oil price reference system, to make it more in line with the magnitude of China's imports of crude oil and international oil prices change; four, moderate decentralization of refined oil pricing, and to lay a certain foundation for the oil market-oriented.

At the same time, industry sources, the mode of operation of the new pricing mechanism, is likely to choose a neutral body to measure to adjust the price, the enterprise as a guide price on their own price adjustment.

Edition author Hong Kong Daily News reporter Yuan Bing

At 5 o'clock on June 1, after the rain, some

At 5 o'clock on June 1, after the rain, some cool Beijing, Liu Jing (a pseudonym) came early to line up a real estate sales offices in the East Village of Tongzhou Liyuan.

The real estate man named Hua Ye Oriental Rose, the opening of the new A8 Building unit is priced at around 15,000 yuan per square meter. Two weeks ago, the two units and 100 house opened, has sold only seven sets. The opening, the total price of a single house up from about $ 40,000 higher, but still attracted dozens of buyers to come to line up.

In Beijing, prices rebound similar to real estate, there are many. Unconsciously, the property market has emerged signs of recovery.

Recently, the "China Times" reporter consulted a number of real estate industry, whether it is close to the Ministry of Housing and Urban Government staff, or industry analysts, the real estate business, agreed that the housing market will usher in a new round of price increases tide.

Analysts believe that the market in May to pick up momentum, the local government also introduced a series of Samsung Laptop Keyboard fine-tuning policy, but the fundamental reason lies in the country's new round of investment boom has been the rise of which is bound to drive prices higher again.

Market rebound

May 27, is located in Changping District, Beijing Xi'erqi North Road Vanke Golden Mile Washington East opened, hot scene. According to Liu, buyers, the current total sales of 335 house, while the Yaohao enroll up to 1900 people. The two-bedroom was sold out within three hours. The sales staff thought the three-bedroom can only be sold over 20 sets, I did not expect the next day were all sold out. The sale price was 21,000 yuan per square meter, submitted in September 2014.

The official statistics show that the real estate market has been the early signs of warming. , According to the network to sign data published on the website of the Beijing Municipal Construction Committee, as of May 27, new residential in May 9014 sets of contract, rose 27.7 percent in April, rose by 38.1 percent over the same period last year.

The laws of the real estate market volume and price linkage, the increase in volume will inevitably bring about the rise in prices. According to the statistics of the Beijing Central Plains real estate market research, in May excluded new residential average price of the security room for 19,919 yuan per square meter than the April average price rose 1%, this figure showing this year continued the trend of the chain was up.

Similar there Tianjin. Not the end of May, the volume has reached 770,000 square meters, more than 720,000 square meters of 610,000 square meters in April and March, and slightly more than 760,000 square meters in May 2011.

According to the report of the China Index Research Institute, as of May 27, May 54 typical city residential real estate contract ploidy of up to 191,439 sets, hit a new high in 2011 after the purchase of the policy.

Local fine-tuning

This year, the governments around the intensive introduction of the real estate market, fine-tune the policy. The most recent was May 28, Chongqing Municipal Housing Fund Management Center held a news briefing to relax the lending policies of the first suite of provident fund, provident fund loans for single lending limit from $ 200,000 to 40 million family limit from 400 000 yuan to 800,000 yuan.

Media statistics, a total of over 33 local government attempts to property market policy fine-tuning related to the purchase of the land transfer, ordinary residential standards, tax concessions, as well as housing subsidies. Addition to the five cities to touch on the purchase of the "red line" was stopped, the remaining 28 cities were acquiesced.

The reason for Beijing Centaline three market Dawei, director of analysis, mainly the purchase of policies on real estate is too large, while local governments are highly dependent on real estate. The real estate market is not good, the land will not sell, real estate transactions related taxes will be reduced, which makes the local government too much.

Today, the local government introduced a series of fine-tuning policy, impact on the one hand just to be part of the crowd so that they become the most direct beneficiaries; the other hand, the psychological impact on the market. Past experience shows that the policy trough is often the price trough, policy signals converted by the tightening of relaxation, prices continue to decline in the likelihood of relatively small.

Investment tide fueled

April 13, the State Council executive meeting stressed that to consolidate the results of the real estate market regulation, and adhere to the real estate control policy without wavering, never allow the regulation to appear repeatedly. May 23, Premier Wen Jiabao chaired a State Council executive meeting, and again asked for "stability and strict implementation of the real estate market regulation policy".

A source close to the building housing the Ministry told reporters that affect the price of the main factors: macroeconomic policy, trade policy and market factors which macroeconomic policy is the most important. At present, the real estate industry policy - the purchase will not change, but at the macro level, a new round of investment boom has been the rise, which is bound to drive prices higher again.

May 23, Premier Wen Jiabao of the State Council executive meeting should be "steady growth" on a more important position, and increase efforts to fine-tune the presetting. Subsequently, there is a large number of iron and steel, hydropower project audit is passed.

Analysis of the industry, prices rebound in 2009, the fundamental reason is that the 4 trillion bailout policies, a huge amount of money will eventually need to find the exit. In the existing market situation, the other items to make any money, funds will still flow to real estate market, eventually leading to skyrocketing housing prices.

Asia-Pacific urban development real estate branch president Chen deposit, said the bailout policies in 2009, ostensibly has nothing to do with real estate, "4000000000000" direct investment to the real estate field, ten industrial revitalization plan is not including the real estate industry. But people made money, and ultimately to buy a house.

Chen kept predicted that house prices have little down possible. First-tier cities of the real estate industry has gradually pick up, and the volume and price, sales Apple Keyboard and the price has been rising.

Close to the Ministry of Housing and Urban said, prices will certainly rise. In the present circumstances, the government's control policy has been used in the extreme, if the recurrence of the situation of a new round of skyrocketing housing prices, how to suppress will be a worrying problem, the current situation look less than effective means of regulation .

There are signs that investment in infrastructure is expected to

There are signs that investment in infrastructure is expected to speed. Since the end of February, the approval rate of major construction projects has accelerated noticeably, part of the highway network, airports and rail transit project focus approval by a number of key areas, key industries, projects are being gradually introduced. Unlike in the past, this grant project is a clear preference for the central and western regions, rural and livelihood security project.

The monetary policy and fiscal policy is also the release of the a more active the fine-tuning signal. Authoritative sources said: "In order to stabilize economic growth, capital first, credit and financial disbursement of funds will be the first to reflect the significant increase fiscal spending in March exceeded 1 trillion credit, so we initially saw the policy to become more active."

"Rail-machine" project cited concerns

The end of February to early March, the departments concerned to go to Beijing, Fujian, Guangzhou, Guangxi, research, involving projects such as transport infrastructure, water, transport hub, the highway network.

In 3 end of the month, the the executive meeting of the of the State Council requirements, that the This year we must around the the the mission objectives to determine the by the the the "Twelve Five-Year" planning, push forward the Traffic transport infrastructure construction. Built a number of major rail projects, started a number of urgent need of essential items in a timely manner; to promote the national highway network planning projects and rural highway construction, increasing the transformation efforts of national and provincial trunk; Hot Keyboard the implementation of a number of waterways and land-island transportation projects to improve the navigation conditions of the Yangtze River; started construction and the continued construction and completion of a number of airports and urban rail transit project.

Already approved projects is a clear preference for the central and western regions, rural and livelihood security project. Among them, the transport infrastructure projects of concern. Development and Reform Commission approved Hainan Haikou Meilan International Airport Expansion Project Phase II project proposal in March, have the Nanjing Metro Line 3 Phase II project feasibility study report, the new Kaili, Guizhou Huang Pingmin airport project feasibility study report.

The growth of infrastructure investment is obviously the strong support of the bank. Railway experts the Wang Mengshu said 500 billion yuan of funds this year will be in place to support the formation of the railway construction. Another source said that the bank credit funds related to construction projects for the Ministry of Railways concentrated allocated in March. Not only banks to increase investment on railway construction and other central support, said a person close to the regulators, and local financing platform loans than before, has also shown to relax the signs. The bank said that the pressure of repayment of local financing platform in general may become the Bank's "hidden" bad. The banking industry has begun to gradually on the "quality" of local financing platform "blood transfusion" roll over for some quality protection projects or provide new loans.

The policy pre-tune fine-tuning the intensity or an increase in

Analysts said that the first quarter GDP growth below expectations, in order to prevent the economy from inertia decline is expected that the policy side will increase efforts to pre-tune fine-tuning the policy tone of the second quarter will be "stable and see Pine" to the economy in two quarter stabilized stabilized.

Analysts expected for some time countries will increase government investment to hedge real estate investment decline by increasing government spending, the relaxation of credit, large-scale projects started to steady economic growth. "With the implementation of the project of the second Five-Year project started in rural and western areas of infrastructure, urban and municipal engineering, rail, energy saving and environmental protection, will enhance the proportion of long-term loans, investment in infrastructure and the central project investment will be bottoming out. "

The data show that the fiscal deposits decreased by 406 billion yuan in March. March fiscal deposits usually decreased, but the unprecedented drop in March this year. Analysts pointed out that the fiscal deposits the Government to deposit in the amount of the central bank, the government revenue and expenditure level. The larger the fiscal deposits fell, which means more liquidity to the real economy.

Monetary policy in March, new RMB loans exceeded 1 trillion yuan, 800 billion yuan, far exceeding market expectations. Wang Tao, UBS Securities analyst, said that if the market because of concerns of policy easing and credit support is not enough on economic growth and investment prospects of the second quarter worried about the March lending data reflect the policy relaxation should be regarded as a major positive. She expects the second quarter, new loans will be $ 2.3-2.4 trillion yuan, fixed investment will rebound in the second quarter, driven by the GDP chain growth picked up.

TX Irving expects the second quarter, efforts to credit will increase, the approval of the key investment projects and promote the speed will accelerate. The execution speed of the export tax rebate policy will be accelerated to promote the import of relevant policies and structural tax cuts for small and medium-sized enterprises, new industries will continue to launch. However, "steady growth" the will not excessively reliance on the Yu the the the launch of of the large-scale the central investment projects and an over-generous monetary policy.

SW research report that, after the exit steps, the main risk of economic decline concentrated in fixed asset investment, which requires the government to stabilize the stable investment growth, but that does not mean that the market will re-interpretation of 2008 as magnificent of the story. Overall employment pressure is not as big as 2008, the Government to improve the tolerance of the slowdown in economic growth, this policy is more backing, its intensity should be significantly less than in 2008, not too high expectations of this policy.

"The our Ankang thermal power plant projects have already received

"The our Ankang thermal power plant projects have already received the 'flagging', set up before the end of May, the project company, project construction in full swing and approved the declaration of the work." Shaanxi Province Development and Reform Commission has said.

"Flagging," he said, is the National Development and Reform Commission agreed to undertake the preliminary work of the project approval, the flagging previously has not been a higher level approval.

"Probably because of a river water, the NDRC previously hesitates, pollution in the controllable range, which is an expert appraisal." The source said.

Now the project has been approved to allow local, there has been a major project to be launched, "launched this project is to give full play to the coal resources of northern Shaanxi, use of the Xikang rail transport capacity and well-being of the water resources." This person says.

Well-being of the thermal power plant project approved only one of the many Samsung Laptop Keyboard approved large-scale projects in the recent State Council has asked to launch a number of the overall situation, driven by strong major projects have been identified for the rail, energy saving and environmental protection, rural and western regions areas such as infrastructure projects, to accelerate the progress of the preparatory work.

In May and June, we should see more new projects to obtain approval to start. "UBS Securities chief economist Wang Tao said she expects the investment in infrastructure will be more apparent in the coming months. rebound.

But how to ensure that the investment project is not only limited to the "stingy" in the field, how to prevent a repeat the last round of investment, redundant construction and other sequelae are potential challenges.

SASAC researcher at the Hu later told this reporter that, "from the perspective of the economic cycle, the high growth in the past has been impossible to continue, but the government do not want too low, from my personal opinion, no large-scale economic stimulus. "

The approved project is still steel, infrastructure-based

State Council executive meeting held last week, stressed the continued introduction of relevant policies and measures to support the growth, including the "12th Five-Year" key item on the railways, energy, agriculture and western infrastructure and to the implementation.

The right place, which is tantamount to the "starting gun" of projects. Well-being of fire power plants, for example, included in the Shaanxi province construction plan approval, the project is only "path", the real formation of the company and started construction also needs the approval of the National Development and Reform Commission, known as the "road".

However, due to the NDRC worried about the pollution problem has been not ratified, but a few months to sustained economic growth slowdown caused by the attention of the Central With the steady growth of the national security invest in the implementation of a series of major measures, a number of projects coming approved.

Beginning in April, according to close Development and Reform Commission, the Development and Reform Commission on speeding up approval of infrastructure projects.

Therefore, including Ankang thermal power plants, including a series of projects approved, including Yan'an new airport, Xi'an Subway Line 3, a Tongchuan to the Huangling highway feasible report, are approved by the National Development and Reform Commission.

Central financial support to investment projects investment has accelerated, and all levels of the Development and Reform Commission has quietly accelerated the approval rate of investment in infrastructure projects. "HSBC chief China economist Qu Hongbin said.

Reporters contrast, more clean energy projects approved, but now most of the approved projects are still concentrated in the steel, infrastructure, basic and on a 4 trillion investment put into the type of project Fujitsu Lifebook Keyboard no particularly significant differences .

Steel industry, for example, obtained by this newspaper news, the end of May, Baosteel Zhanjiang steel base project groundbreaking ceremony will be held in the East Island of May 25, agreed to by the State Council Development and Reform Commission has just officially approved a total investment of nearly 700 billion Zhanjiang steel base project.

Zhanjiang steel project with the approved day Fangchenggang steel base project, two projects total investment of nearly 140 billion, in addition to Shougang project approved.

Worthy of outside attention is on a four trillion investment in nine key industries, iron and steel is the key support industry.

In addition, including the main airports, railways, power plants are the approved projects, and these also on a 4 trillion investment in key areas.

Anti-repeat of the 4 trillion investment sequelae

Zhanjiang City Mayor Wang C, or even get the Zhanjiang steel project approval the entrance of the National Development and Reform Commission kiss from the approval of local enthusiasm is evident, which raises concerns about the outside world repeat the investment of excess, repeat investment.

"The last year's 4 trillion investment to a certain extent to keep the momentum of economic growth, but now the reflection, or the expense of rhythm and timing of structural adjustment." Hu said that late.

Goldman Sachs Gao Hua Chinese economists Yu Song also believes that approval of new projects will undoubtedly bring an important support, but its importance is lower than ever.

"At present, the main tone of the macro-control has not changed, still is restructuring as the main, the current economic situation is also not as bad as in 2008." Hu Chi said, therefore, think it prudent investment, even if the investment should be more investment in high-tech technical fields.

Project investment and the 4 trillion investment direction is not exactly the same as before the main cast iron Kimimoto traditional industry, now the approval of the enterprise are clean energy, strategic emerging industries, a higher proportion of "late Hu said.

Obviously, for local purposes, although the project is approved, but the relevant state departments, to ensure growth at the same time, how to ensure adjust the structure synchronization or a major consideration.

Related reports:

Southern Weekend, from many local Development and Reform Bureau Department

Southern Weekend, from many local Development and Reform Bureau Department confirmed in many parts of the economic forum held recently layers to convey the spirit of the "steady growth". Adjust the structure in the steady growth to become the top priority of the Chinese economy.

"'4 Trillion does not exist 'and the introduction of economic stimulus measures between the two are not contradictory." UBS Investment Bank, Chairman of Dong Tao believes that China has entered a new economic stimulus policy cycle.

Feng Yu Ding, of: the Southern Weekend reporter from the bottom:

(CFP / Chart)

The new round of economic stimulus, is becoming the most popular topic.

The National Development and Reform Commission recently approved three large steel projects. An impression of the local officials, "the country has several years without a batch of large steel projects.

In addition, at least six airports, six large-scale hydropower stations, dozens of rail transit, highways, Deep Water Channel project approved in the near future. Ceased in 2011 due to the "7.23" motor car accident around the construction of high-speed rail projects, in the second quarter of 2012 in succession to return to work. Under the Chinese Academy of Engineering, Railway Tunnel, deputy chief engineer of the Mengshu say, to the end of May, the railway project lay-off return to work rate of 80%.

The Hunchun Development and Reform Commission Secretary for the recent frequent business trip to Beijing, the Jiangying Wen told the Southern Weekend reporter, several of the city, "ran for many years" and are not approved projects, such as the three works, the Hunchun Heilongjiang, North Korea and Russia highway and railway, has just been included in the Development and Reform Commission agenda, "This is an opportunity for our region".

Than 4 trillion 4000000000000

On a 4 trillion "stimulus, hold high the high playing is different from the current round of stimulus to the" fine tuning "on behalf of low-key,

4 trillion over again Along with the media widely reported, this concern quickly emerged.

In the 2008 financial crisis, the Chinese government quickly introduced a 4 trillion economic stimulus plan. Since then, the Chinese economy quickly out of the crisis, but also left its: inflation, local debt predicament and the real estate bubble, and since I suffer still lingers.

(Zhang Wanhua / Chart)

Development and Reform Commission officials quickly denied the existence of "new to the 4 trillion stimulus plan, the official stressed that the two" impossible ": can not be introduced as the end of 2008 the kind of large-scale, massive 4 trillion investment policy; impossible loosening of the real estate policy, the only pre-tune fine-tuning.

However, long before, the main macroeconomic policy tone to the "structural adjustment" in the past two years has been adjusted to "steady growth". May 19, Premier Wen Jiabao held in Wuhan City, Hubei Province, six provinces in economic analysis of the situation "," should be steady growth on a more important position. Four days later, the State Council executive meeting on the policy discourse was reaffirmed, and deploy to launch a number of the overall situation, driven by strong major projects.

But with the last round of the 4 trillion stimulus of holding high playing high, the current round of stimulus low-key and the name of "fine tuning" and did not synchronize large-scale introduction of the housing market stimulus, there is no emergency requiring local declaration new projects, but on the progress of the project approval within the planning speed.

A number of provinces, municipalities, and autonomous level NDRC official told the Southern Weekend reporter, in their Development and Reform Commission (Bureau) has recently held economic forum, to convey the above-mentioned policies and work arrangements layers. It is reported that, although the goal of the national GDP growth this year is 7.5%, but the provinces mission is to "protect eight" - GDP growth of 8%.

Support economic development, the 2012 Development and Reform Commission system does significantly speed up project approval and funding issued a progress, as of May 18, the country has reported more than two thousand projects, involving more than five hundred billion yuan of funds. Source of investment funds in the first four months, the growth rate of budgetary funds to the first quarter rose 3.8 percentage points to 28.7%, ranking the first of the various sources of funding.

The National Development and Reform Commission requires all issued around the end of June 2012 investment plan is completed, reported before the end of July 2013 to apply for the central budget investment plans. "National requirements included in those who '12th Five-Year Plan', this year must be launched as soon as possible." Jiangsu Province Development and Reform Commission, an official told the Southern Weekend reporter disclosed.

Recently, the NDRC research, including railways, highways, airports, urban roads, water supply, sewage and garbage treatment, six categories suspended in major projects due to funding problems, will be targeted to come up with a package of solutions for "multi-channel response project construction funding pressures, including the Collaborative Ministry of Finance to expedite the issuance of central behalf of local bonds, and financial institutions to reduce project construction and the cost of corporate finance policy measures.

In order to stimulate demand, the State Council executive meeting on May 16 decided to arrange 265 billion yuan of financial subsidies, start to promote energy efficiency Bluetooth Keyboard standards for household appliances. The relevant departments will soon be introduced to the car to the countryside "policies to stimulate consumption, trade, the main push the 1.3L displacement below the micro-car to enter the rural market.

At the same time, the intensity of monetary easing will be increased. NDRC sources of central and eastern provinces, the provinces will be interviewed the Governor of the Bank to discuss easing of credit, and will hold the large banks and enterprises docking activities.

Trust and Investment in Sichuan, a lament on the Southern Weekend reporter, recent months the Trust not to do business, last year's monetary tightening, businesses had to find us, but this year the bank-enterprise direct docking. "

"'4 Trillion does not exist 'and the introduction of economic stimulus measures between the two are not contradictory." UBS Investment Bank, Chairman of Dong Tao believes that China has entered a new economic stimulus policy cycle.

There is no road road

There is no second path, the critical moment in the economic downturn, private capital can not be taking over for a smooth transition before the general, the government can only personally shot boost the economy.

Iron ore pressure coal pressure to use the slowdown in consumption growth. Almost every economic benchmark and almost every macroeconomic data, are turning to the bad side, this is a new round of stimulus to the introduction of the policy of background.

China's GDP grew 8.1 percent in the first quarter, but the State Information Center released a report is expected in the second quarter GDP growth will fall to about 7.5 percent, economic growth will continue, the deceleration trend.

Worse, the national economy, consumption, investment and export this "troika" and accelerated decline, the ring data also appeared to slow down.

"From the point of view of the data, the economic downturn is very fast. Hong Hao," Bank of International Managing Director, Chief Strategy Officer believes that the export control of others, and consumption generated by any of the Troika of the most worrying is the investment.

1-4 months of 2012, investment in fixed assets (excluding farmers) of 7.5592 trillion yuan, up 20.2 percent since the 2003 low.

Investment in fixed assets, mainly real estate, infrastructure and manufacturing. Investment in fixed assets accounting for more than 50 percent of the GDP growth, including real estate accounted for about 25% of the investment in fixed assets. Over the years, China's real estate investment growth remained broadly level of more than 30%. However, since the real estate regulation in 2010, almost zero growth in real estate investment, real estate investment growth depends largely on the protection of housing construction to pull.

Hung Hao "Assuming zero growth in real estate investment, GDP growth is basically reduced to 7% if the negative growth in GDP will drop 6 percent, so if the government does not have action, economic 'hard landing' is obvious." .

Dong Tao believes that the decline in investment is cyclical and structural factors of the double superposition dictates.

Cyclical factors is that with the decline in financing capacity of local debt platform, which started in late 2008 Porgy construction investment boom is gradually coming to an end. Two years of real estate investment has been in a cyclical adjustment.

Investment weak cyclical factors conceal a structural challenges began in 2009 - gradually fade out of the government investment, private capital is unwilling to defend the crown.

Since 2011, the Southern Weekend reporter interview with the bosses of private enterprises in Zhejiang, Guangdong, Jiangsu, Fujian and other provinces, almost always lament that "Industrial difficult", there is no power nor the ability to continue to invest.

There is no second path, in the economic downturn, private capital can not be taking over the critical moment, in order to smooth transition, the government can only personally shot boost the economy.

Beyond the macro-regulation

"Should not be too macro intervention micro regulation, this is the basic principle of market economy." Development Research Institute of Peking University, Professor Lu Feng, commented, "our set of macroeconomic regulation and control mechanisms need to move forward."

This time, under the premise of real estate established control policies the same, the important task to boost the economy again inevitably fell on the shoulders of the infrastructure construction and related industries.

Worrying is now apparent excess of the total amount and structure by credit easing and fueled by weak demand in the context of stimulating the economy, may lead to "stagflation".

Tax Research Office of the Chinese Academy of Social Sciences, Zhang Bin believes that spontaneous market adjustment to the current economic downturn, "This adjustment is conducive to our economic restructuring and massive unemployment, I think there is no need to over-reaction."

"Stagflation, it means that the macro-control of the past few years, tossing back and forth, have already destroyed the normal function of market self-regulation mechanisms." A local official told the Southern Weekend said.

Lack of market-oriented tools, the government often on their own hand, industrial policy is commonly used as a tool.

"When a department of government incentives and subsidies, in fact, discriminate against other departments, undermine fair competition in the market environment is not conducive to restructuring." Bin said, "What is important is the institutional and policy dividends is to provide a level playing field market environment, rather than government money, bank water.

Even in some cases, the Government will adopt many of the non-market means, such as project approval for approval, and control "to root", real estate purchase of or exciting, extraordinary expansion or sudden tightening of credit, gate or close the IPO window, and direct intervention economy.

"Should not be too macro intervention micro regulation, this is the basic principle of market economy." Development Research Institute of Peking University, Professor Lu Feng, commented, "our set of macroeconomic regulation and control mechanisms need to move forward."

Is not of God "God."

The Jiangying Wen told the Southern Sony Parts Replacement Weekend reporter, the Hunchun polymetallic gold ore recovery project approved, he and his colleagues also ran more than three years, "Development and Reform Commission to run numerous times, sometimes the Chinese New Year are unable to return home. The project launched after the Hunchun of local fiscal revenue increased by 50%.

A local Development and Reform Commission official told the Southern Weekend reporter, subject to the assessment of local officials to GDP growth, including financial income, per capita income, unemployment rate and other indicators. The 2012 national goal is to ensure GDP growth of 7.5%, in order to complete the task, the provinces of 8%, and insurance 8.5% in cities, counties often have a Paul 9%, layers of overweight, and between cities and counties ranking, competition, and continuous compliance will be worrying career, and made everyone tired. "

Around the competition of GDP, is often transformed into contention on large projects. Have a decisive role in the decision because of a larger project is approved or not, the local GDP growth, the revenue of local governments and officials career.

The decision of life and death of large projects, the approval by the National Development and Reform Commission. Development and Reform Commission, the predecessor can be traced back to the State Planning Commission was established in 1952, which is the brain of China's planned economy. In 2003, the State Planning Commission and the Commission for Restructuring the merger reorganization of Development and Reform Commission, the macro-control department is responsible for the overall balance and guide the overall economic system reform, known as the first ministries or the State Council.

Under this system, the "run ministries for money has become the work of many local officials are the norm. In order to run the project, they are "flying trapeze, to the National Development and Reform Commission" to work, squatting corner and curb child is also commonplace.

The Jiangying Wen told the Southern Weekend reporter, Hunchun Zijin Mining polymetallic gold concentrate recovery projects approved, he and his colleagues also ran more than three years, "the NDRC run numerous times, sometimes the Chinese New Year can not go home" . The project launched after the Hunchun of local fiscal revenue increased by 50%.

Market analysts pointed out that some of the trends of

Market analysts pointed out that some of the trends of the recent central bank, domestic monetary policy seems to be directed quantitative easing ". By the signal effect, there may be more and more developers to join the lower the price to run the amount of camp to prepare for the next market cycle in the game.

February 7, the central bank website a press release said, This year we will continue to implement the differential housing credit policy to meet the needs of first-time buyers home loans to support the construction of an ordinary commodity housing.

Recently, the central bank also decided to down the deposit reserve ratio by 0.5 percentage points from February 24, this is also nearly three years since the deposit reserve ratio of the second down, the last time on December 5, 2011.

With the strategy consulting research center director Zhang Hongwei believes that kept the prospective rate cut again in terms of the real estate market Bluetooth Keyboard recovery is a good news, this dropped although it is still fine-tuning, but twice down has been formed to market superimposed effect, which to some Korean Layout extent imply that monetary policy directed quantitative easing ". "It is envisaged that countries in the next six months, perhaps there will be continued to fall in the deposit reserve ratio. For developers, there are still market opportunities."

More and more indications that the country, the camp is expanding price cuts, a new round of price surges may be opened.

Yuexiu Property spring promotion plan released on the 16th of this month, five of its disk full line of products 8.8 fold sales, limited time 18 days; the Evergrande while the 15th anniversary celebration in the name of, and expand one billion yuan of big deals, the maximum discount 5 points; Dahua Group compared to the pre-offer in the sale of real estate price also has dropped significantly, the difference is as high as 5000 ~ 8000 yuan / square meter.

National Bureau of Statistics released the latest data show that housing prices in 70 large and medium-sized cities in January 2012 for the first time all stop rising house prices continue to maintain the downward trend.

Real Estate Research Institute Yanghongxu Shanghai E-House believes that the market will continue to adjust prices will trigger a second wave of price surges in March, is expected to be more real estate to be forced to cut prices.

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February 21, the National Development and Reform Commission convened a

February 21, the National Development and Reform Commission convened a meeting of the 45 departments urged the implementation of the "new 36" Rules for the Implementation requirement to ensure that deadlines before the end of June.

Earlier this month, in a seminar on the draft of the government work report, Premier Wen Jiabao pointed out that the first half of this year must take the 36 "new" implementation details worked out.

A source close to the National Development and Reform Commission pointed out that the different speeds of the various ministries to develop the promotion of private investment rules, no action is mainly monopolistic sector and departmental interests.

May 2010, the State Council formulated "to encourage and guide the healthy development of private investment in a number of observations Guo Fa [2010] No. 13", known as the "new 36". According to the State Council on the development of a "new 36" Rules for the Implementation division of labor (the State Office letter [2010] No. 120), proposed to the relevant ministries to develop 11 categories and 40 specific measures for implementation.

Reporter was informed that, In addition to the policy organized by the Ministry of Health to encourage private investment medical institutions, the National Development and Reform Commission to develop the railway industry policy of the Fund and the National Bureau of Statistics to develop the relevant private investment statistics provides the basic completion of most of the rest of the implementation details also In stepping up development.

The Commerce Department who told this reporter that on February 22, is currently in accordance with the spirit of the national import and export meetings to formulate policies to promote enterprises to go out overseas investment and export promotion.

More policy, especially related to the monopoly sector of private enterprise into the policy has not been much progress.

China Investment Association, Han-sub judgment is expected in the first half of each implementation details will be on schedule, has been out private investment and open culture, education, health and other areas of policy, and better. Monopoly industries, finance, railways, electricity, etc. can select local release. "For example, the railways can make a single line independent accounting, private investment liberalization." Said Han-sub.

Han-sub-recommendations, such as railway and power grid, you can choose a separate line pilot to release investment, such as private investment is more interested in Central Inner Mongolia, Shaanxi, Hubei, Hunan provinces coal green. Similarly, the grid can also select some liberalized, such as wind power generation part.

In addition, the "new 36" Rules for the Implementation policies operability is also a concern of the industry.

In February 2004, the countries on the introduced a the the "municipal franchise management approach", emphasizing the the is necessary to strengthen the municipal public utilities carried out the market-oriented reforms, including allowing the folk capital to enter the, but has been there is no specific the file the introduction of.

The State Council has formulated "36" once again proposed to encourage private capital to participate in the construction of municipal utilities, and to further deepen the structural reform of municipal utilities.

Ma Hui, director of the National Federation of Environmental Chamber of Commerce Policy Research, believes that the hands of local government money and some municipal utilities building on their own to deal with the objective in terms of market-oriented reform has been hindered. "The government should service providers to the market regulator."

In addition, the experts interviewed believe that the implementation details it is difficult to allow private capital to set up financial institutions have a major policy breakthrough. Wenzhou has applied for a pilot program to do private capital into the financial sector has been countersigned by the various departments.

Wenzhou SME Development Association president Zhou German believes that private investment in full access to the financial sector, to be the pilot of Wenzhou finished.

Zhou German also warned that the place to develop the implementation details will follow, count ministries policy in so that the country involved in the "new 36" Rules for the Implementation may be hundreds of these policies need to address the problem of conflicting. "For example, coal reforms in some provinces is the large state-owned enterprise mergers and private enterprise, a departure from the direction of reform." Zhou German said.

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Deposit prospective rate cut and trading remains in the doldrums,

Deposit prospective rate cut and trading remains in the doldrums, Beijing, Guangzhou and other parts of the central city of the first suite of commercial lending rates generally go up a level from the early return to the benchmark interest rate, while Shanghai, Xiamen and other places there is no float downward signs.

Guangzhou: Dahon return to the small line differentiation

Generally go up 5% to 40% compared to two months ago, Guangzhou, some banks first mortgage interest rates have recently dropped.

Yesterday, a staff member of the Guangzhou Branch of "First Financial Daily, said the bank recently has been the first suite of loan interest rates, go up 5 percent from the previous benchmark interest rate return to the benchmark interest rate.

In Guangzhou, the four lines have been caused by three banks down the first mortgage interest rates to the benchmark interest rate. This is mainly due to the housing market downturn, trading volume shrinking. "Yesterday, a real estate agent said the newspaper.

Four lines compared to the first suite of small and medium-sized banks in Guangzhou loan interest rates render the differentiation of the situation, such as Shenzhen Development back to go up 30% to 40% down to go up 20 percent earlier in the benchmark interest rate on the basis of the original float up to 10% now raised to go up 5% of the bank also increased. But there are also some small banks to relax interest rates yesterday, Guangdong Development Bank, Guangzhou Rural Commercial bank outlets, a credit manager, told this newspaper that the first mortgage interest rate is not lowered, based upon the benchmark interest rates go up 10% execution.

"As far as we know, some banks loan this year in the negative growth in the state by the end of this situation must be reversed, so to speed up lending, otherwise it will be criticized by the head office, generally beginning of the year, the loan will need to achieve positive growth. "a joint-stock Bank Guangzhou Branch loan staff, the newspaper said.

Beijing: do 9.5% more than 2 million of deposits

In Beijing, the four lines, and China Everbright Bank, and other joint-stock banks mortgage interest rates according to the implementation of the benchmark interest rate. China Merchants Bank, CITIC, Shanghai Pudong, Shenzhen Development Bank, the first mortgage interest rates, there are different degrees of float.

The same time, the above-mentioned bank loan staff were told this newspaper that the final lending standards or according to customer's specific circumstances.

A Dahon loan manager told this reporter that, if it is large customers applying preferential interest rates: "If the deposit of 500,000 to 1 million may apply for the 9.5 fold, from 1 million to 2 million can apply for 10%, more than 2 million apply for a 8.5 fold, and to ensure that can apply to. "

Normalized preferential concessions, still have to queue, the loan manager, said: "the end of the loan is almost impossible to wait until the first quarter of next year should be more lenient."

The other branches of the bank loan, Head has said that even if more than 2 million can only apply for a 9.5% discount.

In this regard, specializing in mortgage mortgage financial services investment in Wei Jia Anjie relevant person in charge of a company limited by guarantee that does not actually exist so-called "interest rates to relax": "domestic banks for the first suite of policies has been the implementation of the benchmark interest rates, only without making the mortgage business for small and medium banks, mortgage interest rates will inevitably go up. "

The responsible person said, at a time when the Bank of inventory by the end of each period, the individual bank's regional branch because there is no completion of the annual task, may give the interest rate of 10% or 9.5% discount, but this is only an isolated phenomenon.

Shanghai: Dahon clear loose

The newspaper learned a number of banks from Shanghai, the first suite of loan interest rates no signs of abating.

Among them, ICBC and Agricultural Bank of China in principle, continue to perform the first mortgage first Fusan Cheng, interest rates at least for the benchmark interest rate policy, the Bank of first mortgage interest rates at least 1.05 times the benchmark rate, while CCB is also the benchmark interest rate or, as the case may go up to a certain extent.

Have not received the relevant notification to relax mortgage policy, a state accusing him of Shanghai Branch of personal financial head of the reporter said, "nor will there be a first mortgage interest rate to fall offers at least the first Fusan Cheng and benchmark interest rates, some customers may have to floating interest rates. "

Another state accusing a branch president more bluntly: "At least for now, the real estate development loans and personal loans are clearly not loose."

Shanghai a sub-branch credit department official told this newspaper that: "the first mortgage is generally down payment of 40% of Daowu Cheng, interest rates will need to benchmark interest rates go up 20 percent to 25 percent."

In the second and third tier cities, the first home loans interest rates be

"This kind of thing is not convenient." Yesterday, a Governor of the Bank of anonymity, Xiamen City, told this reporter that the central regulation so strict, as it is not a crime against the wind

The reporter learned that the CCB Xiamen branch first mortgage rates are still running 1.1 times the benchmark interest rate policy.

"Even though individual banks, lenders loose, and not universal." Anonymity of Xiamen in the banking sector, 1.1 times of the first suite of interest rate policy is the second half of this year, there is no relaxation of the regulatory signal. lines are still not act rashly.

The first suite of loan-directional loose

Loan interest rates for some cities the first suite of "return" Liu Yuan Senior Manager of the Research Center of the Central Plains Group, which kept potential rate cut, tight liquidity eased market effects.

"This is before the first suite of loan interest rates increase, similar to the reasons for the sudden increase of Sony Parts Replacement loans more difficult, mainly by the mobility, not the bank's credit policy has occurred a fundamental change." Liu Yuan said that before because of the credit limit is insufficient to pick customers to bank with floating interest rate threshold. Liquidity tension eased, and so will naturally be reflected in interest rates.

He believes that in the backdrop of the macroeconomic policy of "fine-tuning", the bank some years ago to "relax" or understandable.

December 11, the People's Bank of China Monetary Policy Committee member Li Daokui in Guangzhou, Apple Keyboard the first suite of loan policies should be directed to relax the current more stringent control for the first suite of eligible loans, preferential interest rates to cancel, and extend the loan period "For both to buy a house, and good credit customers should be liberalized, to help restore the real estate transaction volume, while driven by the gradual recovery of the upstream industry."

The Central University of Finance and Professor Guo Tian Yong has also said that, now do not rule out the central bank to continue to reduce the possibility of deposit precision, the first suite of loan rates are still falling space.

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This week, alternately, three cases involving China in the WTO

This week, alternately, three cases involving China in the WTO headquarters, "which": Tuesday and Wednesday, China v. U.S. tire special safeguard measures case the first hearing; Wednesday and Thursday, China v. EU fasteners anti-dumping case, the second session; Friday, the European Union v. China fastener anti-dumping cases the first consultation.

The Chinese delegation of more than 20 people shuttling between conference room and is too busy. No wonder people generally believe that China has become the most active member of the WTO dispute settlement mechanism, after the United States and the European Union. Statistics show that new cases filed in the WTO in 2009, half involving China. For about 42 percent in 2010.

However, this time from the China officially became a WTO member, only a short period of eight years and a half!

Decade, China to participate as a party to the dispute, the WTO of 31 cases involving 22 disputes. Among them, as the prosecution in the eight cases, involving eight disputes; as a respondent party in 23 cases involving 14 disputes (see list).

The establishment of the WTO Law Office

A rainy day. As early as 2000 before China's accession to the WTO, the Chinese government began to participate in the preparatory work of the dispute settlement mechanism. In June 2000, the former Ministry of Foreign Trade and Economic Cooperation Treaty and Law Department on the organization of the major economic ministries and legislative officials, as well as some academics, lawyers and 23, traveled to the Georgetown University Law Center in Washington, DC, United States, to participate in a two-week WTO Seminar ".

The following years, similar seminar and training without interruption.

In order to participate more effectively in the WTO dispute settlement mechanism, the Law Department of the Ministry of Commerce on some key issues were adequately studied. "Product-specific safeguard measures the United States legislation and practice of legal research report," U.S. WTO anti-dumping case study ", the WTO dispute settlement consultation process" and "WTO dispute settlement panel procedure," reports one after another came out.

The work involved in WTO dispute settlement mechanism requires the Agency's safeguards. In November 2001, China has just been approved to join the WTO, the establishment of the WTO law at the Law Department of the Ministry of Commerce.

Yang Guohua, then the Director of this Department. He recalled that this is that from changes in the "Foreign Trade and Economic Cooperation of WTO law, the Leading Group Office. After the signing of the end of Sino-US bilateral agreement on China's accession to the WTO in 1999, the central ministries have been established regulatory clean-up office. Ministry of Foreign Trade and Economic Cooperation is responsible for accession to the WTO negotiations, the Office of Repair Parts Replacement the regulations of the Ministry of clean-up is a full-time institutions, not only responsible for the cleanup of the foreign economic and trade laws and regulations, and often provide advice to other ministries. Clean-up not only need to know about the domestic policies and regulations, and need to be familiar with the WTO rules. Professional requirements of this work, forcing the office staff to learn by doing, the earlier of the WTO agreements and some cases were studied. It also laid the initial foundation for the more specialized work of the WTO dispute settlement.

China joined the WTO, the temporary office into a formal WTO Law Department, specifically the establishment of the WTO Secretary shared responsibility in the WTO-related matters.

The first case of too many

March 5, 2002, the U.S. president announced that 10 kinds of import safeguard measures imposed tariffs of up to 30% in the three-year time. Some WTO members, including China, that the case be submitted to the WTO dispute settlement mechanism, namely the U.S. steel safeguards case.

U.S. steel safeguards case is China's first case in the WTO. In the WTO against the United States up to eight (EC, Japan, Korea, China, Switzerland, Norway, New Zealand and Brazil), is the largest prosecution in the WTO dispute settlement one case. More than 100 parties participated in the hearings held by the Panel and Appellate Body. The United States, which is the WTO largest, most complex cases.

U.S. steel safeguards case to Cable Clips Ties take measures from the President of the United States announced on March 5, 2002 November 10, 2003, the Appellate Body to make a final decision, finds that the U.S. measures were inconsistent with WTO rules, which lasted nearly 21 months.

Yang Guohua, the China as a WTO member to participate in the whole process of the case. Through participation in this first case, the major, to increase our understanding of the mode of operation of the WTO, especially the characteristics of the dispute settlement mechanism, to take full advantage of the mechanism to resolve the dispute, provided a good experience.

Since then, the WTO has from the first respondent cases. March 18, 2004, the United States on China's IC value-added tax policy issues to the Chinese request for consultations. The United States in its request for consultations, said China's integrated circuit VAT refund policy, in violation of the WTO principle of national treatment and MFN principle. After four rounds of negotiations to reach an understanding the two sides announced that the case resolved through consultations.

After five years of preparation and training of troops, China ushered in the WTO case the peak period: Chinese indicted in 8 cases, 7 is filed after 2007; in China sued in 14 cases, 12 filed after 2007.

With the increase in caseload, we have experienced more "first": China v. U.S. poultry import measures case, "apprenticeship victory, the case is still pending, the United States on substantive changes to relevant legislation; also auto parts import measures on the ruling of the case "for the first time, adjust the relevant practice; the first award of the" Intellectual Property Case ", modify the relevant laws and regulations.

"Gone through so many cases, the procedures in the WTO litigation has been very much at home. The same time, many cases of substantive issues, we are also familiar." Yang Guohua said.

Nominate experts to the WTO

Hearing in order to facilitate the needs of the case, the WTO provides that each WTO member can nominate experts to the WTO is approved, the inclusion of experts "indicative list" for the selection of specific cases. The DSB regular meeting held on February 17, 2004, by three experts nominated in China. The three experts are: the Law Department of the Ministry of Commerce of the former Director, Professor Zhang Yuqing, Wuhan University Law School Dean Professor Zeng Lingliang, Shanghai East China University of Politics and Law Professor Zhu Lanye.

Chinese experts included in the WTO list of experts, the significance of a wider field, a deeper level to participate in WTO affairs. According to the WTO dispute settlement rules and procedures of understanding (DSU) "the provisions of the WTO dispute settlement panel members should be composed of senior government and non-governmental individuals. The country has three experts successfully included in the WTO list of experts, means that our experts in WTO areas of expertise has been recognized by the WTO, China's participation in WTO affairs towards a deeper level of performance.

According to the introduction of the Commerce Department of Treaty and Law Secretary Li Chenggang, the Commerce Department has recommended to the WTO 17 members of the Group to actively reflect the majority of emerging economies and developing countries in trade demands.

These members of the Group, Professor Zhang Yuqing has been the practice of "trial" in the EC bananas case as members of the Group. Zhang Yuqing the performance of the then Chair of the Expert Group on Christian Haberli praised his "brilliant" (outstanding, excellent) to describe Zhang Yuqing.

With the figure of the Chinese people not only in the expert group list, and institutions - of Final Appeal of the WTO case, the Appellate Body of seven experts from China, Professor Zhang Yuejiao among them. June 1, 2008, she began as a period of four years of the WTO "Justice", which is the Mainland of China for the first time to this important position in the WTO.

[Nouns explained

WTO dispute settlement mechanism

The WTO dispute settlement mechanism is the final legal means to resolve trade disputes, resident agencies based in Geneva, often referred to the Court of International Trade. Can not resolve the dispute through bilateral negotiations between the WTO members can submit WTO to resolve. It has strict time limits, you can peacefully resolve the dispute, to refrain from the behavior of trade war and other destructive effects of international trade order. Europe and the United States and other trading nations have frequently used the WTO dispute settlement mechanism to resolve the dispute, Brazil, India and other developing countries are also extensively involved in the trial of the case.

WTO dispute settlement mechanism, although the final legal means of resolving disputes, but in the bilateral negotiation phase, you can also play a deterrent role. See from the experience of other countries to participate in the WTO dispute settlement mechanism, the interpretation of the WTO panel and Appellate Body of the WTO Agreement on the terms of, you can grasp the direction of development of WTO rules in favor of domestic policy adjustments; materials provided by the parties to the dispute, understanding of national trade policy and its operational methods, to provide a reference for our country to develop economic and trade policies.

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China news agency, Beijing, December 27 (Reporter Liu Yuying) -

China news agency, Beijing, December 27 (Reporter Liu Yuying) - Reporter learned Keyboard Accessories from the Chinese Industry and Information Technology Conference is being held in the 27th, 2012 China will make greater effort to promote industrial energy saving per unit of industrial added value consumption of the target for 5%.

Minister of Industry and Miao Wei said, 2012 will strengthen the technology and standards support, and improve our policies and mechanisms to grasp the pilot demonstration, the expected objectives are: increase in unit of industrial energy consumption down to 5% carbon dioxide emissions are down more than 5% increase in unit industrial The value of water consumption decreased by 7%.

China will continue to eliminate backward production capacity, the recent study to determine the annual goals and tasks. It is reported that the 2011 Notice of 2255 backward production lines has been basically shut down, is expected to smooth completion of the annual task. Miao Wei, said 2012 will improve environmental protection, energy consumption standards define the backward production capacity, promote the formation of big pressure, reduction or equivalent replacement mechanism to promote the use of market instruments Sony Vaio VGN Keyboard to eliminate backward production capacity. In addition, the strengthening of industrial investment projects in energy-saving assessment and review, strict control over "high" and overcapacity blind expansion of industries.

Miao Wei in his work report also said that the study of differential pricing policy based on energy consumption limits recommended.

"Eleventh Five-Year" period, per unit of industrial added value of energy consumption is a cumulative decline of over 25%. "China's goal in the 12th Five-Year" period is reduced by 20%. In the first three quarters of 2011, Chinese industrial enterprises above designated size per unit of industrial added value energy consumption fell 2.56 percent, energy saving is still significant challenges. (End)

BEIJING, February 15, Premier Wen Jiabao on the 15th chaired

BEIJING, February 15, Premier Wen Jiabao on the 15th chaired a State Council executive meeting of the deployment of 2012 to deepen economic reform priorities. Speed up tax reform. The conference Keyboard Accessories made it clear this year will improve the tax system and fiscal transfer payment system and improve the county level to ensure basic funding mechanism. Expansion of the VAT reform pilot, comprehensively push forward the reform of resource tax.

The meeting stressed that China's economic reform is still at a critical stage for the tackle tough. In accordance with the requirements of the scientific concept of development and the socialist market economy, respect the initiative of the masses, the bold exploration and practice, through reforms to resolve or constrain scientific development of deep-seated contradictions and institutional issues. Current and future period of reform in key areas and key links: First, to further transform government functions, and straighten out the relationship between the government and the market, improving macro-control and market system, deepen the reform of monopoly industries, and better play to the market allocation of resources role. Second, the reforms of the taxation reform, rationalize the central and local, and local levels, inter-governmental fiscal relations of distribution, to better mobilize the enthusiasm of both central and local. Third, to deepen the land, household registration, public service reform, rationalize the relationship between urban and rural areas, promote the development of industrialization, urbanization and agricultural modernization coordination. Fourth, push forward the reform of social undertakings, income distribution, and straighten out the relationship between the economic and social development, reversing the growing income disparity, efforts to improve the efficiency of resource allocation, effective protection of social fairness and justice. Fifth, to promote the administration according to law and social management innovation, to rationalize the relationship between government and civil society organizations, and deepening of government affairs, and perfect the supervision system, construction, service, responsibility, rule of law, clean government.

The clear focus of the reform this year:

(A) promote the common development of the economy and allowing diverse forms of ownership. Further promote the strategic adjustment of state-owned economy and the joint-stock reform of state-owned enterprises into companies, optimize the layout of the strategy of state-owned capital, and improve the state-owned assets management system. Improve and implement the policies and measures to promote the development of the non-public ownership economy, encourage private capital to enter the railway, municipal, financial, energy, telecommunications, education, medical and other fields.

(B) to speed up tax reform. Improve the tax system and fiscal transfer payment system, and improve the county level to ensure basic funding mechanism. Expansion of the VAT reform pilot, comprehensively push forward the reform of resource tax.

(C) to deepen the reform of the financial system. Strengthen the state-controlled financial institutions' internal governance and risk management. Actively cultivate small financial institutions for small micro-enterprises and "Agriculture". Reasonable guide private financing. Promote the healthy development of the multi-level capital market.

(D) to deepen the reform of electricity, refined oil, and water resources price. Sound emission rights to compensation for the use and trading system.

(E) Macbook Accessories to promote social reform in the area. Improve the wage system, and improve the salary growth mechanism. Achieve full coverage of the social old-age insurance for urban residents and the new agricultural insurance system. Comprehensive implementation of quality education, promoting the management of school democracy. Continue to promote universal health care, to consolidate the basic drug system, and further promote the county-level public hospital reform and urban public hospital reform, accelerate the formation of opening multiple pattern of organized medicine. Deepen cultural and technological reform.

(F) to promote administrative reform. Administrative approval to establish a sound new audit demonstrated mechanism. Conducting government performance management pilot. Comprehensively promote the local budgets and final accounts public.

(G) to deepen rural reform. Promote the rural collective land ownership registration and certification, and expand the rural land contract management right registration pilot. Formulated the rural collective land acquisition Ordinance.

(H) Deepening the foreign-related economic reform. Improve the Foreign Investment Industrial Guidance Catalogue. Actively promote the comprehensive reform of Pudong New Area, Shanghai, Tianjin Binhai New Area, Shenzhen Special Economic Zone.

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Xinhua Beijing, January 18 (Fu Ziying, Wang Xi), Ministry of

Xinhua Beijing, January 18 (Fu Ziying, Wang Xi), Ministry of Commerce spokesman Shen Danyang on the 18th in the Ministry of Commerce regular monthly conference, said the Commerce Department this year will focus on improving the urban and rural circulation system, to promote the development of modern means of circulation and improve the consumption environment to promote consumption.

According to data released by the National Bureau of Statistics, in 2011 China's total retail sales year-on-year nominal growth of 17.1 percent after deducting price factors, the actual increase of 11.6%. Monitoring, according to the Commerce Department, sales of the 3000 key retail enterprises grew 15.9 percent, 2.2 percentage points higher than the 2010 slowdown.

Monitoring shows that last year, sales of food and clothing goods to accelerate growth, steady growth in sales of gold and silver jewelry, home appliances, communications and live OK commodities slowdown in sales.

"Although consumption growth last year, down slightly compared to 2010, but compared with the past decade, last year's growth rate is still 2.1 percentage points higher than the average of the past." Said Shen Danyang.

He said that the Commerce Department is working in conjunction with the Ministry of Finance, the People's Bank and other departments to introduce new policy measures, and strive to make Hebrew Layout more fiscal spending to benefit the public good circulation, consumption of green, for example, to study whether the household solar products to give financial incentives policy. In tax and fee policies, strict Apple Laptop Keyboard implementation of the fresh green channel policy, transport logistics costs down.

China news agency, Beijing, January 20 - Sample survey of

China news agency, Beijing, January 20 - Sample survey of 31 provinces (autonomous regions and municipalities) 74000 rural households and 66000 urban households, according to the National Bureau of Statistics of China, the 2011 per capita income of urban residents 23979 yuan for rural residents 6977 yuan per capita net income of urban residents per capita disposable income and rural per capita net income of more than 3.13:1,2010 years the income ratio of 3.23:1.

National Bureau of Statistics said here on the 20th, 2011 National Rural residents' per capita net income of 6977 yuan, 1058 yuan more than last year, an increase of 17.9%. Excluding price factors, the actual increase of 11.4 percent growth year on year increase of 0.5 percentage points.

Among them, the per capita wage income of 2963 yuan, an increase of 532 yuan, an increase of 21.9%. Wage income of the annual income of rural residents contribution rate of 50.3%. Wage income accounts for the net income of rural Compaq Keyboard residents accounted for 42.5%, an increase of 1.4 percentage points. The rapid growth in wage income was mainly due to the level of migrant workers' wages rose more.

Per capita family-run primary industry net income of 2520 yuan, an increase of 289 yuan, an increase of 12.9%. Good harvests, high prices, the farm income to maintain a rapid growth.

Per capita family-run and tertiary industries in net income of 702 yuan, an increase of 101 yuan, HP Compaq Keyboard an increase of 16.7%. In addition, the per capita property income of 229 yuan, 26 yuan, an increase of 13%.

Per capita transfer income of 563 yuan, an increase of 110 yuan, an increase of 24.4%. By comprehensively promote rural endowment insurance policy, the rapid growth of transfer income increased by 10.6 percentage points higher than last year. Among them, the retired and pensions per capita income of 190 yuan, an increase of 77 yuan, an increase of 68.6%.

Median in the 2011 rural per capita net income of 6194 yuan, 995 yuan more than last year, an increase of 19.1%. The median per capita net income of rural residents is lower than the per capita net income of 783 yuan, but the growth rate is high by 1.2 percentage points.

The survey data show that rural residents last year, per capita net income growth and real growth after discounting price factors than urban residents per capita income more than 3 or 3 percentage points higher.

But the survey also said that part of the price collapse of the cotton, potatoes, also caused some farmers to reduce or even losses, pulled down the growth rate of per capita net income of rural residents.

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Xinhua Shanghai, Dec. 18 (Xinhua Viewpoint "reporter Zhou Lin, Lu

Xinhua Shanghai, Dec. 18 (Xinhua Viewpoint "reporter Zhou Lin, Lu Wenjun Shen Mo) in 2011, the price has become the most talked about hot spot of the people's livelihood and economic indicators. Only one year, a variety of commodity prices staged a "roller coaster" market ups and downs. From tumbling down the price of pork up breaking a record high, "roller coaster" cycle, then the price reflects the current complicated economic situation.

Year, the domestic price near misses, showing the control of the "road map": it is necessary to control price fluctuations, but also safeguard the stable economic development, at the same time do everything possible to "pocketbook" income of the people ... speed, structure, price three Relations co-ordination, to become next year's macro-control must face the reality of the problem.

2011: Price "near misses"

2011 prices as the "roller coaster" in general, the consumer price index (CPI) rose all the way from the beginning of the year 4.9% of the monthly year-on-year increase in May, CPI rose Diego, until July year-on-year rise of 6.5% setting a 37 month high. The latest release of China's CPI rose in November dropped to 4.2 percent, a decline of more than most scholars expected the full year, prices have stabilized. "

Renmin University of China, vice president of LiuYuanChun said this round of price increases for two main reasons: First, the monetary response to financial crisis a lot of running since last year, continued to push up prices to rise; the second is the quantitative easing policy implemented by the United States, triggered a rise in international commodity prices, imported inflationary pressures can not be ignored; rigid cost of domestic labor costs lead to difficult to compress.

CPI ups and downs behind out of the "inverted V-shaped" curve, both market invisible hand role in the regulation of the "visible hand" of. "Refractory" price, once the impact of the CPI endurance. Moderate, strong regulation, price trends gradually stabilized, especially in the second half has been increasingly flat trend, prices of many products have experienced "near misses".

The price of cotton clothing are closely associated with people who, this year the trend on the contrary to most people expected: mid-February this year, prices soared to 30,000 yuan per ton super, so many people exclaimed, "cotton in the possession of needles, but then cotton suddenly collapsed, farmers miserable; September, the Interim National purchasing and storage policies "lobby", so that cotton prices gradually stabilized to keep the market stable, but also to protect the interests of the farmers.

Another example of sugar shot up from last year, this year through the national number of temporary cast Reserve to ease the market demand, this year, sugar prices stable through the period of a new source of sugar is not listed "sugar Emperor" go away.

But it is undeniable, sometimes difficulty in selling of agricultural products drop in price, sometimes for less prices go, the size of the year "phenomenon does not really solve the" pig cycle "still plaguing farmers, mastering the law of the market and to protect farmers interests of the means still appears slightly less.

The experts pointed out that, subject to many uncertainties that affect next year's inflation situation can not be too optimistic, "livelihood security" is still of the biggest challenges of the next year to stabilize prices.

Price trap "reins", the goal of a "soft landing" of

July, consumer prices began to gradually return to normal. Rapid increases in the current round of CPI "Pushing Hands", pigs, vegetables, food prices in the recent trend has changed significantly. In particular, the ring of the National Pork prices in November fell 5.3 percent, the entire food prices were down 0.8%, is rare in recent years.

Behind the numbers reflected in the regulation of the power of this year. From a lot of people worried about price as Mustang "runaway" to the prices start to stabilize in the attack of the Fist of the macro-control, for the price put on the "reins" is definitely not a moment in a day.

Zhuang Jian, senior economist of the Asian Development Bank China Office, said: "the general price level in domestic regulation and external demand to go soft under the peak in the regulation of basic achieved the expected results.

The experts pointed out that the central, and many other means of administrative orders and monetary policy, the various angles from the pressure of demand, increase supply and reduce intermediate links, the visible hand and the invisible hand of the organic staggered to achieve an appropriate degree of regulation.

- Pressure demand, tightening of monetary liquidity, raised the deposit reserve requirement ratio, interest rates, the introduction of open market operations, a series of HP Compaq Keyboard measures. In fact, the soaring price of pork, the background is caused by the currency over excess liquidity. For liquidity management since last year has not been relaxed. The central bank has twelve raised the deposit reserve ratio five times to raise interest rates, to prove safety and inflation.

- Increase supply, especially in food and agricultural products, outstanding food eight years harvest is a very important factor, the government has increased investment in agriculture, subsidies to farmers, farm and sideline circulation to clean up in the rice bag, basket increase investment in the project.

- Less links, the State Council executive meeting made it clear that convergence in order to solve the circulation of agricultural products and the cost of some large and medium-sized cities increased, the difficulty in selling to buy expensive "and other issues will be to strengthen the production and marketing focus, accelerate the construction of efficient, smooth, safe, sequence of fresh agricultural products circulation system, reduce distribution costs.

"The price to enter the down channel, showing China's economy is 'soft landing'." Political commissar, chief economist Lu, "China's macro-control this year has played a key role in the reduction of the price pressures for the healthy development of the national economy has played a good guarantee the production cost of living of the people was brought under control, this is a Macbook Accessories fundamental prerequisite for achieving the objectives of the 'soft landing'. "

The price is still "caged tiger", a key strategy for livelihood security

As pointed out by the Central Economic Work Conference, China's economic development unbalanced, uncoordinated and unsustainable contradictions and problems are still outstanding, economic growth, downward pressure on price pressures coexist.

Chief economist Lian Ping said preliminary judge the 2012 full-year CPI increase will be in the range of 3% -3.5%, inflation will not become the main problems in the macroeconomic But the long-term perspective, to promote the rising prices of the factors still exist, such as population structure conversion led to the upgrading of the labor costs, the price reform of resource products brought the prices of resource products and the process of urbanization makes the reduction of land area and other factors, will to promote the rise of the price level.

Maintain the basic stability of the general price level to prevent the price trend rebounded important task of economic work in 2012. The regulation still faces challenges - the people for the contradiction between the "digital" and "real feel" is one of the challenges.

Zhuang Jian said that the feelings of the people to focus more on food prices, little decrease in the trend of daily necessities, electronic products, price stability is difficult to feel. Countries by the price impact of relatively large groups should have a policy of subsidies; while ensuring that the people of income growth, increased investment in social security, "If the revenue growth of GDP and CPI, people would have no worries. "

Control soaring prices at the same time, ensure that the people income growth has become another major challenge.

"Do not look at the price of pork has been the highest point in history, in fact due to rising costs, farmers comparative efficiency is not high." Shanghai large farming Bi Bo, a pig in 2008 earned 500 yuan is normal , can now earn 300 yuan has been very good; regulation can focus on cost pressures to improve the comparative effectiveness.

Wang Dan, Doctor of Economics of the Development Research Center of Shanghai Municipal People's Government, said: "China's economy is like speeding car on the highway, now turn, requires many with loose throttle, turn direction, or even need brakes." And China difficult to reverse in the short term strong investment and export-dependent, so for example, the short board in the development of SMEs, services sector growth in the economy need to be strengthened, and restructuring continued.

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