China Financial Daily

CEBR predicted British central bank will expand size of stimulus plan
CEBR forecasts, to help economic recovery, the British central bank will scale stimulus plan 1,000, and at least the end of 2012 will keep the benchmark interest rate unchanged at 0.5%, the first quarter of 2011, the economy will grow by 0.1%.

Integrated media reported on October 18, the United Kingdom Centre for Economic and Business Research (Centre for Economics and Business Research, CEBR) said the Bank of England (Bank of England) stimulus plan would scale 1,000 billion pounds (about 1,600 billion U.S. dollars) to help the economy.

17, the agency said in a statement e-mail, at least to 2012, “end” before the British central bank will maintain its benchmark interest rate unchanged at a record low of 0.5%. British central bank in October decided to maintain its 2,000 billion pounds of bonds to purchase the scale unchanged.

Britain is facing the biggest since World War II public spending cuts, the British Government is working to address its record budget deficit. British Chamber of Commerce (British Chambers of Commerce) in early October to support the Bank of England Monetary Policy Committee Simpson (Adam Posen) call, as recent data suggest that slow economic recovery, Simpson called on the British central bank to expand the economic stimulus plan.

CEBR said in the statement, “We expect the government fiscal policy levers in the opposite direction of monetary policy levers to push hard.”

According to the report, CEBR expects the UK economy by 2011 will grow 0.1% in three months, which means that the first quarter of 2011, the British economy will shrink nearly fifty percent chance.

According to an e-mail statement, Ernst & Young (Ernst & Young LLP) in the Item Club 18, said in a report at the winter, the British economy is heading towards “weak” because of budgetary constraints limit economic growth.

People’s Daily: the second half of the situation continue to enrich and perfect the economic stimulus plan
GDP grew 7.1 percent, 33.5 percent growth in fixed asset investment, retail sales of consumer goods grew 15 percent, the sixth consecutive year of summer grain output, industrial added value growth of 7 percent, urban employment goal to complete 63% of the year … … the first half ofһששof this data, in chorus singing the main theme of the economic rebound, so that China’s economic development as the world economic arena of the most eye-catching touch of Light.

A good momentum of the first half, due to the implementation of the CPC Central Committee and we are determined to cope with the international financial crisis, the deployment of the impact of the decision-making. This year, the central economic work firmly grasp the initiative to implement a proactive fiscal policy and loose monetary policy appropriately and constantly enrich and perfect the international financial crisis to deal with the package, all regions and departments work hard, people across the country one heart and one mind, security growth adjust the structure, promoting reform, benefits the people’s livelihood, to withstand the fast fury of the international financial crisis, in a relatively short time curb the trend of decline in economic growth, the economy in the operation of the positive factors in increasing the momentum to stabilize the increasingly obvious to the good. Practice has proved that the central authorities to cope with the international financial crisis and the package approach is entirely correct and timely and effective.

Tang Min: GDP growth of 8 percent do not need to keep the second round of stimulus plan
“Today’s economic situation is relatively good, from the full year, the growth rate of 8% should be able to stand security.” China Development Research Foundation deputy secretary general of Tang in a “think tank summit” and “major economic problems and Moses Library co-operation “at the Forum during the meeting expressed optimism that the media.

July 2, the International Monetary Fund (IMF) announced a new restructuring of China’s 2009 economic growth forecast upward to 7.5%, it can be said in the international economy is the worst since World War II recession, China’s economic development is no doubt is a major bright spot. The second quarter of China’s GDP statistics have not yet released, but some experts have forecast, it is estimated that China’s economic growth rate during the first half of this year will be as high as about 7%.

For a series of previously published plans to stimulate the economy, Tang said that in fact no need for a second round of the next step of the plan to stimulate the economy, so long as to be adjusted in terms of policy is enough. 4 trillion of investment is now only half spent, there are a lot of room for adjustment.

He further said that now the focus of our concern should be from large enterprises and infrastructure to care about the development of SMEs, employment and livelihood issues. First of all we must maintain economic growth, this goal now seems to have no big problem, then the focus should be on some adjustments.