Assets bubble may impede soft landing of China's economy
来源:百度文库 编辑:神马文学网 时间:2024/04/29 10:37:02
Assets bubble may impede soft landing of China's economy
china.jpg (163.78 KB)2010-10-27 08:45
In flourished coastal cities of China, it seems that the economic rate of rise would be over 20 percent. What depress China's GDP is that most of Chinese live in poor conditions.
The situation begins to crack.
Rate rise of the third quarter descents to 9.6 percent, compared with that of 11.9 percent in the first quarter and 10.3 in the second one. However, the rate of inflation increases to zenith of the two years. All the evidences show that China is supposed to treat the risk of economic overheating before bubble spreads.
Next two years is vital for China to carry out economic reform towards intense economy at present.
China actually takes measures. The Central Bank began to increase interest rate for the first time since financial crisis.
Previous president of Federal Reserve used to save the market in the dangerous situation. Greenspan is a libertarian in theory, but socialist at the issue of currency. China has build "Greenspan strategy", which promotes housing price to zenith.
What China should do now is to balance economy, develop environmental industries and narrow gap of the rich and poor.
Recent issues about currencies can show China's concept in some degree. China's control of rare-earth export is also related to working opportunities and domestic wealth, which the West always ignores.
To realize soft landing, China's rising rate of profits would attract more cash, in the situation that the whole world carry out zero interest rate. Government strategies would help maintain calm of the market.
It is time for Chinese leader took actions to ensure China's economic developing both in speed and qualities. China can prove itself not to be huge insurance company but a good start. 30
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