Ba Shu Song: The Global Economy Is Exploring The Two Bottom.
Bason, deputy director of the Financial Research Institute of the State Council Development Research Center, said yesterday that the current global
Economics
We are heading for the "two bottom finding". The scope of this exploration is relatively shallow, but it lasts longer. It can be called a mild "two bottom".
The Eighth China International SME Fair and the Sino Thai SME Expo opened in Guangzhou yesterday. A total of more than 3000 enterprises and institutions from 34 countries and regions participated in the exhibition.
The SME summit was held on the same day. Officials from China, Russia and Thailand exchanged views on the economy and the way to promote the development of SMEs.
Ba believes that, in general, the policies of developed economies such as the US and Europe have lost further.
stimulate
Economic capacity, so its economic recovery can only be expected in the private sector in the domestic economy to gradually recover, or overseas market (emerging market economies) new demand growth point.
If the European and American economies make a two dip, the goal of China's new round of stimulus should not be to push the growth rate of GDP to 9% to 10% again, but to lower the target.
The reasons include: excessive stimulus and investment led stimulus, which will lead to inflation, bubbles and bad assets in the medium term. The consumption led stimulus policy will not have obvious effect in the short term. Before the country concerned about the growth target, it is actually concerned about the employment problem.
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