A few days into 2011, and one of its big themes is already obvious. While most of the world’s largest economies are committed to monetary looseness and fiscal tightness, China is doing just the opposite. Beijing is using a full array of tools – interest rate increases, reduced loan quotas and bespoke reserves requirements for individual banks – to counter the fastest inflation in two years. Meanwhile, it plans to continue spending big sums on housing and other public works. In officialese, monetary policy has shifted from “proactive” to “prudent”, while fiscal policy remains “proactive”. The latter could actually be imprudent.
进入2011年才几天，一个年度主题便已彰显无遗。当manbetx app苹果 大多数大型manbetx20客户端下载 体致力于货币宽松与财政紧缩之际，manbetx3.0 的举措却恰恰相反。manbetx3.0 政府动用了大量工具——加息、减少贷款配额、为各家银行定制存款准备金率——以抗击两年来上升速度最快的通胀。与此同时，manbetx3.0 政府还计划继续大举投资于住房和其它公用事业建设。按照官方说法，货币政策已由“积极”转向“稳健”，而财政政策依然保持“积极”。后者可能实际上并不审慎。