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Four New Economic Policies Are Expected To Emerge After The Olympic Games.

2008/8/27 15:18:00 29

Supporting Policies Clothing And Textile Economic Policies

A stimulus package on JP Morgan on Wednesday pushed A shares up 178 points, even though it turned out to be only a rumour. But the latest direction of the national economic policy after the Olympics has become the focus of attention.

The daily economic news reporter interviewed people from various sectors to hear how these people view the policy trend after the Olympics.

Resource prices: gradual upward adjustment

"The possibility of raising the price of resources is relatively large, including the further increase of refined oil and electricity prices."

GF Securities analyst Wu Youhui told reporters, "we anticipate that the price of oil products will be raised three times before the Olympic Games, fourth quarter and the 1 quarter of next year, but the pre Olympic raise is larger than that expected in the market. Therefore, it is expected that the next increase will be relatively small, and the increase of refined oil prices will be a gradual, small and multiple upgrades."

　　税收：为企业减负

Wu Youhui said, "in order to alleviate the pressure faced by SMEs, in August 1st, the state raised the export tax rebate rate for some industries, and the export tax rebate rate of textile industry increased from 11% to 13%.

Not long ago, the central bank has agreed to adjust the credit scale of commercial banks in 2008, increasing the national commercial banks by 5% on the basis of the original credit scale, which will be applied to the small and medium enterprises and the agricultural sector.

From this series of actions, we expect that financing support for export enterprises and SMEs will be further strengthened.

　　信贷：年底前适度放松

Monetary policy has been the focus of attention all the time.

Wu Youhui said that maintaining economic growth and preventing deep decline in growth rate has become a general consensus.

At present, the economic slowdown has exceeded the management expectation, and the central bank still has room for adjustment. However, if the economic downturn goes too fast and does not adjust in time, it will lead to passive credit contraction and even 1997~2002 years.

To avoid such a situation, the central bank may take the initiative to relax its credit policy before the end of the year.

Another agency also said that although the regulation of inflation in the future is still grim, CPI has dropped markedly, and the moderate adjustment is still expected.

　　救市：即将打出组合拳

"For the rescue of the market, I believe that the main reason lies in restoring market confidence and further clarifying the policy of non reduction in size."

Ping An Securities strategist Li Xianming told reporters that changes in the fundamentals of the economy will not give the stock market such a big reaction. The main sticking point of the current stock market is confidence.

He believes that during the Olympic Games, many policies were temporarily postponed.

At present, the introduction of margin trading and stock index futures is ready to mature, and the possibility of timing is greatly increased.