the old republic power leveling we're very pessimistic about economy next year. Growth decline EBH

As the convening date approaches, without preheating, as the tone of the current economic situation and 2012 barometer of macro-economic policies--a central economic work Conference, directly into focus. General background of the meeting was: inflation turning point for the looming global economic uncertainty increases BlackBerry Battery, changes in the economic situation of national macro-adjust the tone will be a subtle change: loose fiscal policyAnd prudent monetary policy remains the same, local liberal but currencies window opens, policy flexibility were highlighted the structural increase in the tax cut. Trot the CPI index, forcing 2011 macro-policy completely transform, moderately loose after 2 years to return to sound, and with the change and growth of the CPI index, macro-policies of 2012 will also make the corresponding adjustments。 Signs Express, began after the CPI in July this year climbed to a peak downlink, growth started to slow. According to the National Bureau of statistics recently published average price movements of the main food in 50 cities shows that food prices continued the October situation as a whole, further down, markets continue to lower expectations of CPI. Has a change of policy to fine-tune the inflation situation releasedThe space. Accept the China industrial and economic news reporter of shenyin wanguo Securities Institute Chief macro-analysis Division Li Huiyong reminder, inflation factors are not taken lightly. Although the demand and the lagged effects of monetary tightening, helped inflation down, but commodity prices, trends in resources and public utility prices make inflation remains under pressure. But more worrying is that inflationHigh momentum just got down, showing a trend of slowing economic growth. Crisis spreading in Europe increased the risk of the global economic downturn, downturn is also made of the domestic small and medium enterprises and export-oriented enterprises is not optimistic about the future development of China's economic situation, economic operation of uncertainty is increased. On November 24, the Ministry said all industrial growth is expected this year in 10.8% per cent between the above-scale industrial growth has been between 13.8%, initial estimates above-scale industrial growth next year than this year's low of 1%-2%. China's economic downturn has become the probability of the event. "Since October, China's PMI index has been on the decline. Brought about by economic decline and fall too quicklyImpact will soon replace fears on inflation. "NSN marketing, analyst at Standard Chartered Bank China economics analysis on the China industrial and economic news reporter road. Tone on macro-policy consensus is taking shape, and that was the direction will not change and is mainly dominated by sound, fine-tuning, fine-tuning is not collective adjustment of monetary policy, overall monetary policy also now in "wait and see, andAdjustment, pending "stage. Recent market rumors about the credit easing, credit increases constantly, most attention was that 6 rural cooperative bank in Zhejiang province since November 25 reserve of the resume normal levels of messages, but will soon be official sources gave a negative, "it was only restored to normal levels, is not reduced, and certainly not goodsCurrency policy full flag of the turn. "Even if monetary policy shift, credit policies can no longer back in 2008 that excessive easing of State. NSN marketing believes that adverse effects brought about by excessive easing still fresh. Banks no longer supports the willingness of the local government infrastructure so high, decision-making on macroeconomic policies on the intensity and pace's graspBe more cautious. NSN marketing expects moderate monetary policy to fine-tune the time window will be at the end of December, opened in early January at the latest, when the Central Bank would lower reserve requirements. If economic conditions worsen, these measures may also be introduced more quickly. Li Huiyong believed that changes in the policies window of time may be before and after two sessions. "The policy shift from controlled inflation steady growth. Financial and politicalStrategy will play a greater role in steady growth. Monetary policy interest rate policy space is limited, more reserves downgrade to ease financial stress. "Due to adjusting the transformation of the mode of economic development is" Twelve-Five "total planning of tone, with Lee Wai said government investment in the future will be to promote the development of the people's livelihood, expanding domestic demand and emerging industries, such as italic. "The future Government a greater emphasis onEncourage industry, limit those industries. But economic transformation is a long-term task the old republic power leveling, let us not turning expectations placed on them too much. "For next year the entire economic situation, said Li Huiyong overall optimistic," as Twelve-Five planning in full swing, we're very pessimistic about economy next year. Growth decline, but overall there is little risk. Inflation down, but not deflation can occur. "