Policy tightening regulation of the second half of boots each floor space narrowing

 Significant control policies in China Securities Journal recently introduced intensive. First,UGG boots clearance, the central bank announced to promote the reform of RMB exchange rate formation mechanism, followed by the Ministry of Finance, State Administration of Taxation issued the abolition of the 406 kinds of commodities export tax rebates, many analysts think this is the control policies gradually return to normal signal. from the credit policy, industrial policy, real estate regulation, local governance and financing platform, to exchange rate policy, tax policy, expected in the control space has been significantly reduced, external demand, macroeconomic policy orientation shifted from domestic demand from investment to consumption. recent economic performance at home and abroad to exchange rate policy and a return to normalcy of the tax rebate policy has provided a rare window of time. First, the foreign trade situation has been the steady rise , restored to the international financial crisis before the outbreak of the normal level. This year, China's foreign trade industrial products, machinery, high-tech products exports rise rapidly .5 months is an increase of 48.5%. The labor shortages and wage increases that the labor market remains is a seller's market, even if the foreign trade policy adjustments will not affect employment by much. Second, pegged to the dollar's exchange rate policy to late. the recent strength of the RMB against the U.S. dollar and other currencies passive appreciation of the euro. China to other countries export competitiveness by weakening the dollar peg is not necessary in order to maintain exports. Third, this is the requirements of industrial restructuring. From the beginning of June 2008 raised the export tax rebate rate of seven times, this is to tackle the financial crisis is very move, history, the amount of days after the issue began to tighten credit policy the second half of the signal. Last August the State Council of inhibiting the deployment of excess capacity in some industries and redundant construction, industry regulation is also an orderly manner. Since the beginning of this year, regulatory control of new credit, two adjustments deposit reserve ratio, open market operations to adjust, in fact, tightened monetary policy .4 months, the real estate market a series of control policies, such as cleaning up local financing platform for the control to new heights, capital markets turn downwards. Recent restart exchange reform, the elimination of export tax rebates, more conspicuous restructuring to return to the international financial crisis before the outbreak of the direction of the target. Since late last year, from the macro view of the austerity policy to be in the intensive release of control pressure has been significantly reduced, next year six months and then out of the management has little room for tightening policy. First, the tightening policy to consider internal and external environment. On the one hand, sovereign debt risk has not yet developed fully released, the global economic recovery is uncertain. the impact of external demand for exports appear to be the earliest in the second half, exports continued to rise still variables can; the other hand, the domestic economy is also facing policies should maintain continuity. If the tightening force is too large, it may lead the public out of private sector investment projects, infrastructure projects out of manufacturing projects, while excess manufacturing capacity may disappear, but will control the inflationary pressure in 2011 ; the same time or lead to new or under construction project forced to stop, causing unnecessary bank bad debts. Based on this, the second half of the property market more stringent control measures reduce the possibility of the introduction of the rate hike expectations have also been reduced. It should be said, recent regulatory policies issued before the outbreak of the international financial crisis, the austerity policy similarities, the goal is to adjust the economic structure shifted from the external demand of domestic demand, driven by the investment to consumption, which is important part. to hedge the tightening effect of a series of policies and policy guidance will be distribution reform program is expected to be published within a few months, which will drive domestic consumption play a role in the long term. some of the international financial crisis of consumer stimulus may be extended or added, including cars, home appliances and other consumer benefits. In addition, the city subway projects, high-speed railway and road networks, border crossings, forestry,Discount UGG boots, water conservancy and other public infrastructure investment to stimulate domestic demand will also become a hot spot. (Lu Zheng) Reference Premier: efforts to promote economic restructuring in resolving the current prominent contradictions 2010/06/30 new network on June 30, Premier Wen Jiabao,bailey UGG boots, respectively, 28 and 29, the economic situation held a forum to listen to economic experts and business people comments and suggestions. Wen Jiabao pointed out that to seize the current favorable opportunity to focus on promoting economic restructuring , institutional reform and economic development mode, so that not only help overcome the short-term macro-control difficulties and solve current prominent contradictions, and it helps build the institutional mechanisms for sustainable development, alleviate the economic long-term development of institutional and structural problems. Wen said that the current domestic and international economic situation is still extremely complicated, we need to study more in-depth analysis of the situation, in particular all aspects of business and listen to expert advice and recommendations, calm observation, scientific judgments, plan ahead, calmly and firmly grasp the economic work initiative. Wen Jiabao pointed out China's economy is moving in the expected direction of macro regulation and control, we must adhere to the handle to maintain stable and rapid economic development, and the adjustment of economic structure and management of the relationship between inflation expectations and maintain the continuity of macroeconomic policies and stability, and enhance the relevance of macro regulation and control,UGG shoes, flexibility, and improve macroeconomic regulation, keep a good grasp of the intensity, pace and focus to further consolidate and develop the good economic situation.