论文部分内容阅读
中国2013年的GDP增速创下了14年新低,同比增速为7.7%。由于过去两年的中国经济增速均低于8%,这也意味着中国经济减速的大趋势已经形成,如果没有强有力的改革举措,这样的趋势将难以扭转。进入2014年,先行公布的汇丰制造业PMI数据显示,1月PMI初值跌破了50的荣枯线,尽管这一数据在很大程度上受到了季节性因素的影响,但也明显强化了市场的悲观情绪。与此同时,工行与中诚信托的一项涉及30亿元资金的信托计划可能面临违约,也加剧了市场的悲观情绪。央行在春节前夕开始大幅放水,也表明央行开始担心流动性持续紧张的负面效应。
China's GDP growth in 2013 hit a 14-year low, with a year-on-year growth of 7.7%. Since the growth of China's economy over the past two years is below 8%, this also means that the general trend of slowing down of China's economy has taken shape. Such a trend will be difficult to reverse without a robust reform measure. Enter 2014, the first published HSBC PMI data show that in January PMI fell below the initial value of 50 lines, although this data is largely affected by the seasonal factors, but also significantly strengthened Market pessimism. In the meantime, a $ 3 billion trust plan between ICBC and China Cheng Trust may face default and aggravate the pessimism of the market. The central bank started draining away significantly on the eve of the Spring Festival. It also shows that the central bank has started to worry about the negative effect of continued liquidity tensions.