Reprinted 2008, wary of overheating

 The third guard against overheating of the economy, serious economic overheating and inflation. China is currently experiencing the third round of reform and opening up ;? 1987-1988, China suffered the first time after the reform and opening up the economy overheated, the GDP growth rate of the past two years were as high as 11.6% and 11.3%, and a direct result of 1988-1989 consumer price index rose by 18.8 % and 18.0%, resulting in serious inflation. 1992-1996, China's reform and opening up again to face the most serious economic overheating, 6 years the average annual GDP growth rate of more than 10%. inflation once again hit a record high since reform and opening up . 2002-2007,bailey UGG boots, China's GDP growth for 6 years, the annual growth rate of 9.5%, respectively, 10.6%, 10.4%, 11.0%, 10.7%, 11.5% (projected 2007), where the economy last 5 years growth rate higher than 10%. At the same time, the consumer price index has been maintained at a low running. estimated GDP growth this year, most likely the highest in nearly 10 years, a new high. This year in November, consumer price index over the same month last year rose 6.9%, which is rare over the past decade; the same time, this year from January to November, consumer price index rose 4.6% last year. So, this year's consumer price index rises past 10 years will create the highest record. To make matters worse: Over the past two years, the housing market and the stock market mutual competition,Bailey UGG boots, each other, and the housing bubble and the stock market bubble has expanded the extreme,Discount UGG boots, the strong dual asset bubble fueled by the wealth effect, but also demonstrates how, driving the overall price rise to the formation of economic overheating, asset bubbles, rising prices, inflation, the vicious circle pattern. Currently, we are experiencing must be on high alert since the reform and opening up the third round of economic overheating! particular concern is that this time of economic overheating and Comparing the first two are essentially different: - the previous two economic overheating in the China today makes the difference between is expressed as with, but not associated with the The market continues to open up the economic boom driven by high growth in the domestic factors,UGGs, the power source of the overheating of the economy comes from economy of excess liquidity, so that the ; and type of economic growth, the result would be the coexistence of excessive competition and duplication of investment; fight labor, resources and fight the coexistence of low value-added products; high energy consumption, high pollution and resource waste coexist; high economic growth and ecological imbalance exist. Therefore, how to prevent overheating of the third full-blown economic growth, this is the current Chinese economy is facing the most serious macroeconomic situation.