According to Hong Kong Wen reported that the International Monetary Fund (IMF) for the latest China's economic assessment report pointed out that China is now the challenge is how to consumer-driven economy. In addition, the IMF's internal estimate that China's inflation levels in the rush to peak after stability to 2% to 3%, but the views of the RMB exchange rate. Some economists said the Mainland on the reform of the Renminbi exchange rate is clear, at the same time, the IMF and other international economic organizations of developing countries and China should be clear.
IMF says that although China is affected by the financial crisis, but its strong policy ensured that leads the global economic recovery. IMF report alleges that China is now the challenge is how to transition to consumer-driven economy, and that China should develop the medical industry, the expansion of old-age insurance. The report, China's future economy will still be strong growth and inflation is relatively moderate, inflation in China is rapidly reached peak will be stable at 2% to 3%. But the report also stresses that the non-food inflation is not fully taken into account due to the rising of the potential cost of living increase.
As from April into Chinese Government Regulation range of real estate market, IMF report certainly China have realized the asset price inflation of potential risks, and to take more stringent measures. However, the IMF to the Panel finds that the current round of China against the real estate market regulation policy did not solve the root cause of rising house prices, i.e. low capital cost, the asset price appreciation is expected as well as the lack of alternative savings tools.
In addition, the IMF report also recommended that China should strictly implement the existing ban on local government debt guarantees, loan debts reduce local platform for local government finance and the bank balance sheet has a negative impact.
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