努力实现经济平稳转型（Efforts to achieve stable economic transformation）.docVIP

努力实现经济平稳转型（Efforts to achieve stable economic transformation） Efforts to achieve stable economic transformation Author: Zhang Liqun Chinas economy is in the process of dual transformation At present, Chinas economy is in the process of transition from crisis response to regular growth, from the traditional mode of development to the new mode of development. The governments policy to stimulate economic growth, adjust exit, economic growth increasingly dependent on consumer spending and business investment; development mode transformation to the microscopic economic subject to households and enterprises to adjust the behavior based is gradually advancing, household purchasing activities and enterprise transformation and upgrading activities become deep decisive factors influencing the consumption, investment growth. Many factors that determine the growth of the economy have been changing with each other. The uncertainties and destabilizing factors have increased markedly, and the economic situation has become more complicated than ever before. The total amount of money is too large, and the problem of excess liquidity is prominent In order to cope with the international financial crisis in 2009, China implemented a moderately loose monetary policy, then the new loan of 9 trillion and 600 billion yuan, is two times more than the new loans in 2008 (in 2008 4 trillion and 200 billion yuan of new loans). With the rapid growth of loans, the M2 balance of the broad money supply increased from 47 trillion and 500 billion yuan at the end of 2008 to 61 trillion yuan, and the ratio of M2 balance to GDP at the end of the year increased from 1.51 in 2008 to 1.79. The total amount of money supply is obviously large, the problem of excess liquidity is prominent, and inflation pressure is great. The risk of real estate bubbles is very serious Urban housing prices rose rapidly in the fourth quarter of 2009. Large amounts of money poured into the property market, and investment and sp