2010 on December 26, the people's bank of China raised the benchmark interest rates, it shows that the countries curb inflation determination. Positive prudent fiscal and monetary policies, steady growth and management of inflation expectations, credit policy key support small and medium-sized enterprises, the yuan appreciation will not appear acuteness?? New Year macro policy orientation to the textile industry is to change the new opportunities of development mode.
By 2010, in "the proactive fiscal policy and moderate looser monetary policy" regulation, China has effectively consolidated and expanded to deal with the international financial crisis shock results for the economy overall recovery have laid a good foundation. But while domestic structural adjustments difficulties did not ease, the situation instead more urgent. Asset prices rise rapidly and inflation accelerating China's social and economic structural contradictions.
By the end of last year the central economic work conference held for 2011 the macroscopical policy in China, namely 2011 to tune in continuing to implement the proactive fiscal policy in the meantime, will be implementing prudent monetary policy. Fiscal and monetary policy by double over the past two years' positive and moderate loose "combination" positive steady "become tie-in, a change in the meaningful. Meanwhile, the central also stressed in keeping the fast yet steady economic development, we should at the same time management inflation expectations.
Transformation of the mode of economic development, accelerate economic restructuring. Maintain fast yet steady economic development, promoting social harmony and stability, is becoming the new round of 2011 start policy control advocate fundamental key. This is clearly not simple policy adjustment, and should be a face transformation of the depth of our reform, real lit the future development of hope.
The industrial authoritative personage points out, the central authorities and maintain steady economic growth, at the same time management inflation, which of the industry development is positive factors. Industry's survival and development without good macro environment support, external economic environment stable, steady economic growth and price level appropriate, various economic indicators for smooth coordinate, the stable and rapid development of textile industry to create favorable macro environment.
The national development and reform commission macro economic research institute, vice President of the ChenDongQi analysis holds that in the short term, China's economy is still in the small cycle falls of this trend is rapid rise to the amendment will slow rise over steep sloping rate. From the long run, China's economy will gradually entered the new up cycle, appear "super prosperity". China's steady monetary policy is designed to prevent inflation and asset bubble, not at the expense of economic growth and reduce employment for cost. Textile and the traditional industry would be in national macro policies and the world economy strong rebounded ushered in the new development opportunity.
December 26, the people's bank of China raised the benchmark interest rates, this is in the first two months later again the interest rate hikes rates and display countries curb inflation determination. The relevant departments of the state in successive recently issued measures regulation prices, that the nation monetary policy "targeted and flexibility. Also some experts expect 2011 quarter, the deposit reserve rate and interest rate may still be adjusted, 2011 prices too much concern about rising to be reduced.
Meanwhile, the central economic work conference explicitly pointed out that the 2011 to the credit funds more to the entity economy, especially the "SAN nong" small and medium enterprises.
Despite the steady monetary policy will influence to 2011 credit, credit speed might slow down, scale may shrink, but the credit policy support of "agriculture, countryside and farmers" and small and medium-sized enterprises formulation of textile industry as with sunny function, to industry is positive, is also a chance. Industry is a reason to expect this policy will give priority to small and medium-sized enterprises of textile industry brought substantial benefits.
RMB exchange rate changes are also textile industry attention focal point question. From the central economic work conference set the tone of the view, 2011 the RMB exchange rate regime will further perfect, and keep the RMB exchange rate in reasonable basic stability of equilibrium level.
Ministry officials expect, during the New Year, the yuan would increase elasticity, this means that RMB fluctuate may not appear a few bigger, but severe, exchange rate would rise in a reasonable level remain balanced. Comprehensive consideration of the economic, political and diplomatic multiple factors, the RMB exchange rate will still maintain a "modest rise" pace. Experts remind textile export enterprise to grasp the expertise, good at using currency hedging tools to circumvent the possible exchange rate risk.
Source "of Chinese textile net"
HongZhen editor: