Promoting the steady growth to speed up financial reform

Jpmorgan chase's chief China economist Zhu Haibin thought, especially the new orders index rebounded sharply in August might suggest that recently the government's fine-tuning measures for the improvement of domestic demand has begun to show. For this he steady hydraulic equal tee pipe fitting economic recovery is expected in the second half of the year.The recovery will be tested in demand for liquidity and monetary control. "A tight liquidity, the central bank short-term mainly through open market operations such as reverse repurchase." Bank of communications (601328, shares), chief economist at the ping an interview with reporters said that if the future money affect the steady flow, monetary policy will not rule out fine-tuning, and astm a234 seamless carbon steel tee fine-tuning is mainly open market operations.

Reporter noticed that the August 20, 36 billion yuan seven-day reverse repo, the central bank on August 22, according to the news that day in the open market for $46 billion at 14 days reverse repo, the winning rate 4.1%, the interest rate remains unchanged. Central bank's total net public markets this week to put their money 72 billion yuan. Reverse repurchase rates are falling, tight monetary pattern has not changed.Industry economists carbon steel pipe fitting lr elbows 45 degree believe that China's recent economic policy was very positive, at the same time brings some challenges and pressure during the first half of the fourth quarter of this year and next year will show itself.

"Together next year is still a steady tone, whole is expected in the next year's price is higher than this year, so monetary policy is still likely to keep steady." Lian told reporters. He believes that the second half of the extent of rising inflation higher, tight monetary policy could be in the fine-tuning of the possible.Ubs's China chief economist wang tao think policy will continue to maintain "fine-tuning" tone. "The government is not to let slip growth under a" lower limit "- the" threshold "desirable level of 7.5%, therefore, the government is expected to further fine-tuning measures to" deposit quantity and optimizing increment ", strive to improve the configuration efficiency of financial capital and financial resources, but not a massive stimulus policies in the short term."

As the way of financial resource allocation efficiency, including deposit and lending interest rate mechanism reform, financial reform or will play a more important role.
On May 6, after a state council executive meeting, the steady interest rate marketization of exchange rate reform measures have been confirmed as the key of deepening the reform of economic system in 2013.In June last year, the central bank has expanded lending and deposit rates floating space, on July 19, the central bank canceled the limitation on the floor on lending rates further.

In a recent interview, zhou xiaochuan also said that technology and conditions on the readiness of the people's bank, the liberalization of interest rates on deposits are in accordance with the original plan in advance.