LECTURE 11 NEWS DECEMBER 1319 BBUSINESSWord文件下载.docx

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14.ExpertsweighChina'

sdevelopmentopportunities

15.Digitallearningmarkettogrow

16.ForeigninvestmentinChinaup38%inNov

17.Chinainflation'

reversible'

butis'

warningsignal'

18.PBOCbidstomaintainstability

19.DHLcontinuestodeliverthegoodsinChina

20.Liquorpricessoaronhighyear-enddemand

21.USeconomist:

RMBisfairlyvalued

22.Bank'

sinertiamayhurtexpansion

23.Propertytaxplannotfinal

24.China-UStradetalks'

makeprogress'

25.China'

sforeigntradetotop$2.9tthisyear:

minister

26.PBOCvowsinterestrateprudency

27.Chinatargetsforeigntrade'

balancing'

28.Inflationconcernstodrivefurthergrowthingoldpurchasesin2011

29.Tencentaimsatglobalmarket

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ByXinZhiming（ChinaDaily）

Updated:

2010-12-1307:

52

Comments（12）

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'

Stable,relativelyfastgrowth'

willbemaintained

BEIJING-ChinavowedonSundaytoincreaseeffortstocombatinflationwhilemaintaining"

stableandrelativelyfast"

economicgrowth,asconsumerinflationhita28-monthhighof5.1percentinNovember.

"

Thepriorityistoactivelyandproperlyhandletherelationsbetweenmaintainingsteadyandrelativelyfasteconomicgrowth,economicrestructuringandmanaginginflationexpectations,"

accordingtoastatementreleasedafterthehigh-profileCentralEconomicWorkConference.

ChinesePresidentHuJintaospeaksattheCentralEconomicWorkConferencewhichlastedfromDec10 

to12inBeijing.[Photo/Xinhua]

Chinese 

PremierWenJiabao 

speaksattheCentralEconomicWorkConferencewhichlastedfromDec10 

Relatedreadings:

China'

sinflationhighestinovertwoyears

DecemberCPIlikelybelow5%:

NDRC

sNovCPIup5.1%,a28-monthhigh

Chinaraisesbanks'

reserveratiosagain

Theconferencealsoreaffirmedtherecentlyintroduced"

prudent"

monetaryandpro-activefiscalpolicyfor2011.

Buttomeetthenewmonetarypolicytarget,policymakersmuststrictlyimplementit,analystswarned.

Asurplusofmarketliquidityisamajorcontributortoinflation,analystsagreed.Newyuanlending-akeyindicatorofliquidity-alreadyreachedthetargetsetforthisyearinNovemberandissettoexceeditbytheendofthismonth.

Theconferencemadeitclearthatliquiditywillbe"

wellmanaged"

nextyearandputapriorityon"

stabilizingoverallpricelevels"

.

ZhouWangjun,seniorofficialinchargeofpriceattheNationalDevelopmentandReformCommission,saidonSaturdaythatChina'

sconsumerpriceindex（CPI）,akeymeasureofinflation,coulddroptobelow5percentinDecember.

Evenifthathappened,thetaskwouldremaindauntingforpolicymakers,"

saidZhangXiaojing,senioreconomistattheChineseAcademyofSocialSciences."

PricesaretrendingupandafallinDecembershouldnotexcludethepossibilitythattheywouldgoupagain."

Thecurrentliquiditysituationiscomplicatedsinceitisnotduetojustdomesticfactors,saidSunLijian,economistatFudanUniversity.

USquantitativeeasinghasledtoincreasedliquidityinthemarket,"

hesaid."

AndmuchofthiscapitalhastargetedChina."

USFederalReserveChairmanBenBernankesaidlastweekthattheFedcouldendupincreasingitspurchaseofUSgovernmentbondsiftheeconomyfailstoimprove,sparkingconcernanewroundofquantitativeeasingisinthepipeline.

Tocontrolliquidity,policymakersmustunswervinglymeetthetargetsetbythecentralgovernmentfornextyear,saidZhang.

XiaBin,economistattheStateCouncil'

sDevelopmentResearchCenterandcentralbankadviser,saidearlierthatthewhole-yeartargetfornewyuanloansshouldbe7.1trillionyuan（$1.07trillion）.Othereconomistspredicteditcouldbebetween6.5trillionand7.4trillionyuan.

Thetargetwillbemeaninglessunlesswecanensureitwillnotbecrossed,"

Zhangsaid,addingthatfinancialinstitutionshaveusedvariousmethodstoavoidregulationstomakeloansthatarenotcountedinlendingstatistics.

Theactualamountofsuchloanscouldbe2-3trillionyuanthisyear,makingthereallendingfigurefarhigherthanthetarget."

Thecentralbankraisedthereserverequirementratio,orproportionofmoneycommercialbanksmustkeepinreserve,onFridayforthethirdtimeinamonth,indicatingadeterminationtopreventliquiditydrivenpricerises,analystssaid.

Despitethelatestmove,"

interestratehikescannotberuledout"

saidZhang."

Wehaveenteredaninterestratehikecycle."

Regulatorshaveyettoshowtheirteeth,"

saidDongXian'

an,chiefeconomistatIndustrialSecurities."

Theriskofrisinginflationinthefirsthalfofnextyearremains."

Butmeasurestakentocombatinflationcouldhaveunforeseenconsequences,aneconomistwarned.

Whathasmadethegovernmentextremelycautiousoninterestratesareconcernsabouttheriskofoverdoingit,which,ifcoupledwithothershocks,couldinduceadrasticslowdown,"

saidIHSGlobalInsighteconomistXianfangRen.

Theconferencesaiditwouldmakemacroeconomicpoliciesnextyear"

cautiousandflexible"

FudanUniversity'

sSunsaidthisshowsthatinterestratesarejustoneweapon."

Itmeanstighteningmonetarysupplywouldonlybeoneaspectofoverallpolicy,"

saidSun."

Iftherewasanydrasticeconomicslowdown,thecentralgovernmentwouldshifttofavorablemeasurestorevivetheeconomy."

Theannualconferencemapsoutmajormacroeconomicpoliciesforthefollowingyear.Thisyear'

smeetingalsovowedtobridgetheincomegap,improvepeople'

slivelihoodandexpandopening-up.

sCentralEconomicWorkConferencefrom2005-2009

December5to7,2009

Basictone:

promotethetransformationoftheeconomicdevelopmentpatternwhilemaintainingstableandcomparativelyfasteconomicgrowth

Majortasks:

Chinavowstoimprovemacro-regulationin2010toensurestableandrelativelyfasteconomicgrowthtoadvanceeconomicstructureadjustment;

liftthequalityandefficiencyofeconomicgrowth;

boostruraldevelopmentmomentum;

deepenreformandopeningup;

enhancethemomentumandvigorofeconomicgrowth;

promoteastableincreaseinexports;

improvepeople'

slivingstandards;

maintainsocialstability.

December8to10,2008

tomaintainastableandrelativelyfasteconomicgrowth

Chinaplanstoenhanceandimprovemacro-regulationandimplementproactivefiscalpolicyandmoderatelyeasymonetarypolicyin2009.Itvowstostepupeffortstoincreasefarmers'

incomeandstrengthenthedevelopingmomentumofagricultureindustryandruraleconomy;

speedupthetransformationoftheeconomicdevelopmentpatternandstructuraladjustment;

deepenthereformandopeningup;

December3to5,2007

topreventeconomyoverheatingandinflation

Chinapledgestoimprovemacroeconomicpolicytomaintainthemomentumofstableandrelativelyfasteconomicgrowth;

enhancethedevelopmentofagricultureandtheruraleconomy;

promoteinnovationandoptimizationoftheindustrialstructure;

pushforwardenergy-savingandemissioncutting;

slivingstandards.

December5to7,2006

torealizeasoundandfasteconomicgrowth

Chinavowstoenhanceandimprovemacro-regulationtomaintainandboostmomentumofeconomicgrowth;

focusmoreonboostingruraleconomyandpromotingtheconstructionofanewsocialistcountryside;

pushforwardtheoptimizationoftheeconomy'

sindustrialstructure;

promoteinnovationandurbanization;

furtherenhancesocialharmony.

November29toDecember1,2005

tomaintainthecontinuityandstabilityofmacroeconomicpolicy,improvethequalityandefficiencyofeconomicgrowthinanefforttorealizefastandhealthydevelopment

Chinawillstepupeffortstomaintainthemomentumoffasteconomicgrowth;

promotethedevelopmentofsectorsconcerningagriculture,farmersandruralareas;

promoteinnovationandadjustmentoftheindustrialstructuretobuildanenergy-efficientandenvironmental-friendlysociety;

promotethecoordinateddevelopmentofregionaleconomy;

openwidertotheoutsideworld;

solveproblemsconcerningpeople'

srightsandinterests;

promotethebuildingofaharmonioussociety.

Xinhua

2.TradefrictionsdentChina'

（Xinhua）

2010-12-1211:

30

Comments（3）

BEIJING-Anexceptionalgrowthrate,alargetradesurplusandlow-costgoodshavemadeChinathemajortargetofrisingtradeprotectionisminrecentyears.Nowadays,anewtrendhasemerged:

inadditiontolow-endproducts,China'

shigh-techexportsareencounteringincreasingtradefriction.

Cuttheprotectionism:

tycoonsurgeG20leaders

Chinawarnsagainstriseoftradeprotectionism

USrejectsmostofChinesefirms'

investments:

Banker

Exp