Development and Reform Commission, do not say "rumor" that the

Development and Reform Commission, do not say "rumor" that the 4 trillion investment Version 2.0 "new stimulus" "Reporter Sun Weichen Beijing reported that the market withstand the new 4 trillion stimulus" or "4 trillion to stimulate the temptation of the policy version 2.0" rumors, even the most suppressed real estate company's stock also show a striking rebound . "Good" news travels fast, even neighboring countries, securities markets are highly encouraged by the multi-day rebound in the Nikkei 225 index. Different markets, in charge of a similar policy formulation and promulgation of the National Development and Reform Commission briefing immediately after the observation to the above rumors rumor. In the May 29 meeting of the gap, the Development and Reform Commission to clarify the so-called new round of economic stimulus plan ready to come out as well as the 4 trillion investment in version 2.0 to false reports, "is also not similar to the 2008 4 trillion the size of the stimulus. "Straight" but this ambiguity does not dispel the public speculation. Imaginary space left by the Development and Reform Commission four years ago, across the Pacific superpower real estate credit limit overdraft, massive risk aggregation breeding ground for the subprime mortgage crisis. The financial tsunami instantly came to China, so only the "4 trillion bailout plan. Vividly the scene to fit with the current Development and Reform Commission released a new investment project to allow the market to continue to produce the psychological implications. So that began a stock market "concept" and "story" begins to boil, a message about the "bailout" word of mouth. Evidence of these "stories" Development and Reform Commission released investment project information. May 21, the Development and Reform Commission has approved more than 100 clean energy projects, an amount more than the sum of the May 20 days before the approval of projects. Coincidence, research in Hubei in the meantime, Premier Wen Jiabao highlighted the following points: the dependable growth on a more important position. "In addition, a number of major construction projects in Zhanjiang, Guangdong and Guangxi Fangchenggang on the same day received approved, only the first two projects total investment amount of over 130 billion. Development and Reform Commission Web site, the information in these two projects implemented in a compression on the basis of regional crude steel production capacity. Requested anonymity, a senior steel industry insider said: "It's two previous dystocia project under the premise of steel overall overcapacity, even at compression steel production capacity of the conditions are hard to understand." gold in the recent research, National Development and Reform Commission this year approved by the 1263 project, and 882 in addition to overseas and food for work projects, the utility industry, project accounting for up to 78.8%, information services accounted for 11.3%. Which the plates of the utilities wind power projects accounted for 42.3%; hydropower projects accounted for 28.8%, Development and Reform Commission has already approved this year 8.8GW (1GW = 1 billion watts) hydropower station, complete full-year target of 44%, equivalent to last year's total approved amount of 70% of the approved scale significantly accelerated compared to 2011. Finance and Public Finance of Renmin University of China, vice president Zhao Xijun that, compared with 2008, China's economy does not appear "urgent sudden illness, even if the continuing debt crisis in Europe is only incremental. "The current policy to relax signs, but compared to the previous package stimulus plan is still very different example, may no longer be the central and local financial and fiscal linkage, because now, as long as the steady growth, without the need for drastic life-saving. "assault examination and approval projects, on the one hand to stimulate the policy means that, on the other hand Before approving the progress slowed down to digest the cumulative projects. asked to remain anonymous official economists to comment on the set of" China Economic Weekly: "China is definitely not will appear similar a few years ago a few trillion economic stimulus plan, but may relax policy caliber. "He said:" At this stage the economic stimulus plan, then 4 trillion in the previous policy of the nature of the is to make macroeconomic running smoothly, but will no longer be like last central pay for the bailout. "guide investment through a number of projects to expedite the approval, perhaps that is to rely on the project and the market to prevent the economic slowdown." "This kind of control efforts is more reasonable. There is no sudden signs of deterioration of the economy, this side of regulation while watching the results-based approach is more reasonable." without saying anything Has been fixed on China's economic growth, international investment banks have also been judged: whether China will introduce some stimulus. Because they have lowered its forecast for China's economic growth. Citigroup, for example, this year China's annual GDP growth forecast down from 8.4% to 8.1%. World Bank 2012 China GDP growth from 8.4 percent six months ago, reduced to 8.2%. Nomura Securities chief economist Zhang Zhiwei, policy easing efforts will be expanded, but will not announce a big stimulus plan. He believes that, from new credit, the newly approved total investment in steel production, as well as central government expenditure, the four indicators to stimulate the scale of expected new credit will reach 800 billion yuan in June, the third quarter, four indicators have significantly increased, but to stimulate the scale does not exceed the scale of 2008 and 2009. The anonymous official economist of the correspondents said: "Government may not release a caliber, for example, to tell you how much stimulus plan this go step by step regulation, and perhaps more reasonable." "In the past financial crisis Chinese missing items, so they need to improve popular 4 trillion slogan. now the project is no longer needed to stimulate the market with digital. "But there are also foreign financial institutions, a rough estimate of the amount of stimulation. Credit Suisse chief China economist Dong Tao, a study published in the report, the recently introduced policy measures seem to indicate that the Chinese government is actively cope with the economic slowdown. But in the short term, many investment projects remains to be seen and therefore can not accurately quantify the preliminary forecast of new investment to stimulate the scale may be 1 trillion to 2 trillion. He believes that most of the infrastructure projects had already made, and currently is being gradually start. The liberalization of the bond issuance limit, the central government funding for energy saving and emission reduction projects and protect the housing project has clearly issued. Sichuan Aba Red original civil airport projects, the Jinsha guanyinyan Hydropower number of airports, power station projects were approved. The funds will be decided this round of stimulus is successful, effective and essential, the central government is likely to play a greater role. June may cut lending rates by 25 basis points, but the deposit rate will not be lowered. During the year the deposit reserve ratio will be lowered more than once. The new bank loans likely in June, July, rose to about 1 trillion yuan in the second half and then fell back. Said Dong Tao, I believe that these stimulus measures to stop the decline in economic growth and investment demand, but not enough to achieve the 2009 rebound margin, only to achieve stability.