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The government already set the tone from the tight monetary policy; the United States is expected signs of economic slowdown coupled with an unexpected snowstorm before the Spring Festival. China's 2008 Olympic year of the economic situation becomes complicated –What’s up to situation of the economy this year?

2007, the gross domestic product reached 24.66 trillion RMB, up 65.5 per cent growth in 2002, with an average annual growth of 10.6 percent, rising from sixth in the world to the fourth place the country's financial revenues reached 5.13 trillion RMB, an increase of 1.71 times; more than 1.52 trillion US dollars foreign exchange reserves.1

-- Cancellation of the agricultural tax, the end of the peasants to farm tax history. National food production for four consecutive years, 2007 annual output reaching 501.5 million tons.

-- State-owned enterprises, finance, taxation, foreign trade, such as institutional and administrative system reform has taken major strides. Open economy entered a new stage. Total import and export volume in 2007 reached 2.17 trillion US dollars, up from sixth in the world to the third.

-- Building an innovation-oriented country made good progress, the emergence of a group of major international impact of scientific and technological innovations. Manned space flight and the first lunar exploration program a success.

-- Full realization of free compulsory education in rural areas, development of education in China is an important milestone in the history. Covering urban and rural area of the public health system and basic medical services system has been initially established.

-- Urban and rural public cultural service system was gradually improved. Reform of the cultural system has made important progress, and cultural undertakings and cultural industries developed rapidly. Shanghai Special Olympics success. Beijing Olympic and Para Olympic Games and the Shanghai World Expo will be preparatory work has proceeded smoothly.

1. China Government 2007 Work Report

March 5, 2008 at the 11th National People's Congress at its first meeting

Premier Wen Jiabao

-- Building democracy and legal system to make new progress, the solid progress in accordance with the law to protect people's rights and maintaining social fairness and justice to be strengthened.

-- People's lives improved significantly. The coming five-years, 51 million peoples and urban employment Urban residents per capita disposable income of 7,703 RMB from 2002 to 2007 13,786 RMB, the per capita net income of rural residents from 2,476 RMB to 4,140 RMB. The framework of a social security system has been preliminarily formed. Gradually reduce the poverty-stricken population.

We have reason to believe that the GDP growth in 2007 is the peak of the growth cycle. Since 2003, the beginning of the current round of economic growth cycle should be: "slow start, acceleration, deceleration ease, and stabilize the land; (National Bureau of Statistics)

2 Dates form National Bureau of Statistics

2008: After the peak growth is decelerating?

Investment rose 24%

Foreign trade up 20%

CPI rose 4.5%

GDP energy consumption dropped to 4.4%

Financial revenue and expenditure growth of 20%, 14%

M2 growth rate of about 16%

2008 is a comprehensive implementation of the strategic plan of 17 in the first year. This year is the implement the "11th Five-Year Plan 'of the connecting link in the planning year. This year, China's domestic institutional policy environment, supply conditions, and other factors of production factors, to economic maintain steady and rapid growth, considering both domestic and international factors, the annual GDP growth rate of 11.5 percent from the previous year fell to 10.8 percent. The national economy will accelerate growth to a steady growth. Annual rate of increase in consumer prices would drop to 4.5 percent, over last year dropped about 0.2 percentage points. While actual growth of retail sales of social consumer goods was 12.5 percent, in line with last year's actual growth rate unchanged at normal development.3

Despite the signs of slowdown in the United States economy, the South China snowstorm & Tibetan political instability in the region in 2007 at the end of the central economic work conference followed, but at the end of the central economic work conference scientific analysis of the domestic and international situation, grasp the macroeconomic trends, the proposed coping with economic development in the new situation and new contradictions. Therefore, the central economic work conference of this year's economic work is still the direction of objectives: the implementation of sound fiscal policy and tight monetary policy to prevent the economy from overheating growth quickly to, structural prevent prices from rising into the clear macro-control inflation as the primary task because U.S. economic slowdown, the domestic economy images small enough, and the snowstorm in southern China & the Tibet region of political instability are short-term impact.

In 2007 the level of income of residents in urban and rural areas of rapid growth, an increase in the level of low-income groups, the Olympic economy, and policies to stimulate consumption, disaster relief civil affairs departments of the five factors stimulating demand .2008 affect consumer demand in the country is expected to maintain rapid growth from investment. This year marks the change of government last year, new projects lag effect rebound, coupled with post-disaster reconstruction & the investment will maintain growth from tight monetary policy, the export tariff policy adjustment, the appreciation of the RMB, will suppress demand.

3 Source: Shanghai Securities News (January 2, 2008) & Author: Zhou Minsheng.

US dollars, the euro area, Japan's economic growth may be slowing down in this year. It should lead to China's export growth decline, and lower export sector investment demand. Government has to pay attention to this external factor, prevent the export of a significant decline, to prevent the grain, high consumption to increase exports.

Chinese Government to make it clear: this year in the implementation of established policy of macroeconomic regulation and control to avoid two.: Avoid tightening policy, the United States of the loan crisis and economic slowdown in natural factors such as stacking, resulting in the significant downturn in economic growth; avoid five consecutive years of high economic growth lags behind the impact on prices, rain and snow up agricultural disasters, the international oil and factors such as rising food prices stack, causing inflation. Two using: take full advantage of the opportunity down economic growth, speed up the readjustment of the industrial structure, driven mainly rely on the secondary industry synergies driven changes take full advantage of the slowdown in export opportunities, speed up the transformation of the mode of economic growth by relying mainly on investment & exports to consumption, investment & exports change.4

The peak in economic growth in 2007 has been achieved and the economic growth in 2008 will be ups and downs? Economists that, while economic growth this year will slow down, but it is not economic growth in China will enter slow growth period, so China's economic growth will show that the United States economy with a significant slowdown and the recession. Since China's strong domestic demand, has already played a role as the main force of economic growth, while the growth of investment and consumption is fairly stable. China's economic growth has been the ways have more resistance to external factors change.

    2008 China's economy still is expected to maintain fast growth - People's Bank of China on February 22 issued by the fourth quarter of last year the monetary policy implementation report. Report that the international economic operation and the increasing instability of the macro-control policy of gradually Obviously China's economy may stabilize and appropriately develop high.

However, the report also said that: According to the latest economic situation at home and abroad in a timely fashion appropriate fine-tuning efforts for economic growth and structural adjustment to create stable monetary and financial environment.5

4. http://money.msn.com.cn/MsnFinance/posting_common_6a06dd87-3b84-4b2c-bfd4-1e5cb9984dcd_1.html

Economic trends

2008 of China's economy is facing internal and external uncertainties are more complicated. Face of the global economic slowdown in the growth of the domestic economy as well as the sustained high growth opportunities and challenges of China's economy in 2008, which will be the development of new trend?

1.      Prices rose, inflation prevention

2007 years in the price of meat, grain prices and the prices…… rising in the past, 2008 will remain the focus of attention from the beginning.

By corn, and other feed prices, cyclical fluctuations in the production of live pigs and blue ear disease outbreak the combined effects of factors such as, in May 2007, pork prices began to rise by a wide margin. At the same time, food, cooking oil and other prices are rising, the increase in CPI.

Clearly, food and food prices in the past year price increases one of the important driving forces of the new trend of grain prices will naturally related to the annual CPI increase.

Apart from food and food prices, the prices of resource products impact on prices is also crucial. 2007, as the international oil price has soared, domestic oil and natural gas industries have been price increases. The expert also said that China's resource product prices and the low standard of environmental protection fees rationalize the prices of resources and the environment, to promote resource conservation and environmental protection, inhibiting the excessive growth of investment and export, is of great significance. In this connection, resource products price increases inevitable.

For 2008 the price trend, analysts say, according to nearly 10 years of experience, China's food prices rose about three years about the existence of the short cycle, which estimates that 2007 third quarter increase in food prices in the peak period after the end of The drop in 2008, will continue downward trend, the CPI has come down gradually trend.

At the same time, in charge of State Development and Reform Commission also said that China's grain harvest for four consecutive years, 2007 grain output is expected to more than 1 trillion burden, wheat, rice, maize domestic supply and demand were basically balanced. Despite a slight decline in corn production, but in the deep processing of corn strict control blind development and export of circumstances, China's corn can also meet the basic domestic needs of the market. Overall, 2008 can be maintained basically stable grain prices.5

"Soybeans, edible vegetable oil prices rose to the highest point, as major producers of cultivated area expanded in May 2008 after soybean prices may gradually stabilize." The responsible person said.

In addition, the December 28, 2007 national price supervision and inspection meeting, the State Development and Reform Commission deputy director of BI Jing-Quan also pointed out that in 2008 the price of the central tasks is to prevent the apparent inflation.

In 2007, China's economy will continue to write steady and rapid growth of the miracle at the same time, inflationary pressures continue to widen become a prominent problem. China continues to "prevent economic growth from overheating to quick. At the same time, "prevent prices from rising structural evolution is obvious inflation" has also been included in this year's primary task of macroeconomic regulation and control.

Outlook 2008, China will continuously strengthen macro-control of predictability, timeliness and effectiveness of priority, and efforts to deal with price increases, expansion of investment credit, liquidity surplus, and the trade surplus surged and so on, pay more attention to solving the economic development of the structural contradictions, and speed up the transformation of economic growth mode.

Department of the State Information Center forecast Zhu Baoliang, deputy director of the view that the economy than by the macroeconomic Wong, the income of residents increased rapidly, and the upgrading of the consumption structure, "Olympic economy" role, and the "consumer" in stimulating the economy "troika" (investment, exports and consumption) will have outstanding performance.6

5&6 . Chinese economical Times

2.      Investment will slow down to prevent overheating investment

   By the end of 2007, the Central Economic Work Conference in 2008 is a implement a stable fiscal policy and tight monetary policy. This is the first time in China 10 to tight monetary policies, is also based on the 2008 primary task of macro-control and the keynote.

And in the first half of 2007 before the official is "prudent" monetary policy, with the trend of economic overheating appear, "moderately tight" was in the next few months beginning to emerge, at the end of the year, inflation risks further appear "moderate" will become a superfluous word modified.

2008 has been the implementation of the decade-long "prudent" monetary policy officially out, replaced by a "tight" monetary policy.

The annual central economic work conference is the current economic situation and the judge set the tone for the second year of macroeconomic policies authority of the leader, is also the highest-level annual economic work meeting. Needless to say, this "briefing" means that the macro-control in 2008 will be even more intensive.

In the December 25, 2007, the State Development and Reform Commission published on its website a statement also said that the investment remains high, and too many new projects increased, increasing pressure on the rebound of investment, and will have an impact on the national economy fast and good development. At the same time said that it would strictly enforce the new investment projects started conditions, and further regulate the examination and approval of projects, approval and filing work at the same time, the new projects to strengthen the supervision and inspection so that the entire process of management.7

In fact, many experts believe that in the 2007 national monetary policy in areas such as the control, but the combination of a variety of reasons, the effect is not meet the Government's expectations. It was found that such regulation does not inhibit lived assets such as stock and real estate bubble in asset prices, and grain prices, driven by China's economy is entering the era of high inflation. Therefore, in speed economic growth and expansion of the asset bubble and the increasing risk of rupture of the time, the macro-control in 2008 will be more severe, the benchmark interest rate and the deposit reserve ratio continues to increase, the administrative examination and approval of market access policy also will be more strictly.8

7&8: New China net Beijing, January 2 - (by Zhang Xudong, Han Jie, Li Yanxia)

Although the macro-control intensified the consensus is that the parties, but it was also suggested that in the face of national construction projects for the new administrative regulation and increasing the degree of credit control, but in 2008 a sharp slowdown in investment in the possibility of lower. One fundamental reason is that the investment rate of return is much higher than the cost of capital could not change the situation, relying solely on administrative regulation and control. It is difficult to play a significant effect.

Excessive growth of fixed asset investment, credit and trade surpluses are invested too much too big phenomenon, in recent years the economy has been in the old problems. Tight monetary policy, the Government is based on economic development situation, the macro-control policies made major adjustments to the effective implementation of total control. According to the central economic work conference of the deployment of this year to strictly control the money supply and credit volume and inject pace, the better to regulate social needs and improve the international balance of payments position and to maintain financial stability and security.

Central Bank Governor Zhou Xiaochuan said that this year will further the role of monetary policy in the macro-control of the important role of the implementation of tight monetary policy, make comprehensive use of various monetary policy tools, and take effective measures to strengthen liquidity management

In order to contain the pressure on the rebound of investment, the state will adopt more stringent measures to control the regulation of new projects. With the control of exports last year, and the excessive growth of foreign trade structure adjustment policies-introduced, the effects of policies will gradually become apparent, export growth was expected to slow momentum.

China's industrialization and urbanization process is not yet completed, there is still a lot of investment demand. Therefore investment in the first half of 2008 the possibility of large growth rebound, but in 2007 since. Repeated the central bank to raise interest rates, the real interest rate level rise on enterprises will be the investment of a disincentive. Banking Regulatory Commission and other departments have increased their real estate lending review, to raise the proportion of second housing loans, down payment and other prudent lending policy would developers and buyers of funds sources have certain restrictions. Restrictions on exports of high energy-consuming products of these policies may demand and supply and price situation of industry changes, many of the industry is expected to reduce the rate of return on investment.9

9 form Chinese economical Times

In order to control the scale of fixed asset investment environment, the Central Bank: 2008 growth of the commercial bank loans should not exceed 15 per cent of non-loan reserve ratio variance punishable by fines or punitive measures. Tight monetary policy is to the role of show. Investment demand for the second half of 2008 is expected to decline, the rate of growth will slow.

3.     Exports fall10

Today, China has become the outward economic power, and import and export trade volume between the top third in the world, to catch up trade in services, the introduction of foreign direct investment on the scale of 10 years for developing countries and regions around the world ranks first in foreign direct investment started to grow rapidly. Under such circumstances, China needs, in fact has also started from the simple "wider to the outside world" to the "construction of an open economy." If the former is said to the outside world is only a unilateral goods, services and investment markets, then the latter also includes opening up of China's trading partners of goods, services and investment markets. If it is said that in the old foreign exchange gap seriously constrained China's economic development, foreign trade and economic growth is the size of the overriding goals, then today, we need to pursue improving the quality of foreign trade. Fortunately, in 2007, in raising the level of building an open economy, we have made considerable progress.

Harvest in 2007 China's foreign trade is a foregone conclusion, the foreign trade continued to maintain far higher than the GDP growth rate. January to November, China's import and export trade volume reached 1.969088 trillion US dollars, up 23.6 percent; Of the total, exports 1.10361 trillion US dollars, up 26.1 percent, and imports 865.483 billion US dollars, up 20.5 percent; surplus of 238.121 billion US dollars, has already exceeded last year's total trade surplus, an increase of 52.2%. The rapid growth of foreign trade, not only to the many related industries and the whole of China's economic development, but also effectively promoted the growth of China's fiscal revenue.

As a developing country, improve trade structures & improve the efficiency of foreign trade of China's foreign trade and trade policy, the development of the theme. 2008, China's opening up policy will not change the overall policy, China will continue to improve the investment environment, China would try its best to maintain the continuity of the policy of foreign capital stock, foreign investment will improve the protection of the legitimate rights and interests, but the Chinese have the right to the pursuit of the utilization of foreign capital the effectiveness of the right of foreign capital increment by higher standards, the implementation of the right to the stock of foreign investment in certain areas useless old environment, labour and other laws and regulations. Overseas investors have also need to be fully aware that only by the interests of China and coordinated manner and to better development and utilization of the "China opportunity," can better achieve their own interests. We should not only see China's foreign policy on its own to higher standard, but also created more new opportunities. On the workers and the improvement of environmental standards, wage levels increase, are driving China's economy has been gradually from excessive dependence on external demand-led growth model to more reliance on domestic demand-led model, but also will attract more and more foreign investment from export-oriented to market - to speed the growth of China's domestic market.

Of course, in 2008 China's foreign economic and trade show in front of people is not easy. On the near term, in 2008 the biggest potential risk is the main export markets such as the United States and the world economic recession. From the long view, China's foreign trade still need to deal with external pressures and interference, and accelerating their own development model change also needs to further improve the commodity mix, improve China in the international division of labor patterns and the distribution pattern of international trade interests in the status, and change China's steady economic growth over the development of relying on external demand model, a shift to more reliance on domestic demand model of development.

Export growth in 2008 is expected to drop the main reason: The United States & World economic growth has been slowing economic growth, speed up the appreciation of the RMB, rising prices of raw materials & labor costs rise, the inflation rate rise in the real exchange rate appreciation to some extent export trade the negative impact of the export tax rebate and the adjustment of the processing trade policy on the export of further significant inhibition.

Import growth in 2008 is expected to continue to improve the main reason: China's economy is maintaining rapid growth of international raw materials and energy demand further intensifies; sustained appreciation of the RMB, on the import role in promoting further emerging central economic work conference decided balance of macro-control the tone is conducive to the future growth of imports

  .

10.<<Business>> April 2008 Page 29 (By Bai yong)

4.      The domestic demand expense starts to become the main strength

   2007 China's GDP11.4% economic growths, 2.7% are the export grows, 4.3% are the investments&4.4% are the expenses. For many years, the domestic consumption has arranged to the economical technical progress factor at first, this explained that China's entire economic growth pattern is changing.

The many years macroeconomic rapidly expanded, the domestic consumption already gradually went out continuously by previous two years trough, year-2008 expense request sustained growth. The deepening division of income system reform, adjusts the national income reasonably the assignment, raises the resident income level, specially low income earners income; Establishment enterprise staff wages normal growth mechanism and payment system of safeguards; The additional employment population increases suffices much, the perfect social security system; Accelerates to rent the housing construction inexpensive, the improvement and the regular economy is suitable the room system, tries to solve the urban low income family housing and so on. These actions to expend form the powerful support.11

In 2008 Olympic Games' holding, It also will have the promotion effect to the domestic market sale, the consumer demand further expands.

11. http://msn.news.hexun.com/economy/

CPI rise the low productivity crowd suffers injury the heaviest; Stock market sharp drop investment to suffer injury12

In February, 2008, the Chinese CPI index achieves 8.7%, this speaking of the mid and low earning family, means the life burden the promotion, in them some people possibly for this reason every month multi-disbursement nearly thousand Yuan; but speaking of medium and the medium high income's crowd, is the great wealth evaporation even lives the stratification plane earth-shaking change.

In Central Bank recently announced 2008 “the first quarter nation cities depositor questionnaire survey” to demonstrate, resident's expense desire already were at present more is deposited the desire substitution. Thought that current deposits the most worthwhile resident to occupy the ratio to reach 35.4% levels, in the fourth quarter accumulates with 2007 raises 10 percentage points, finished this proportion to have 4 quarters the aspects.

CPI to stock market's function, is realizes through the monetary policy. When country CPI rise is obvious, the Central Bank will often adopt the contraction the monetary policy, but deflation policy, because will transfer mobile suppresses forms is spatial to stock market's advantage. At the same time, what is more fearful, the deflation policy will initiate the public the psychology which will inch higher regarding CPI to anticipate and to worry to a certain extent, will thus let CPI becomes controls even more with difficulty. 　

In 2007, the government proposed that the CPI control in 3% goals, result this goal is broken through easily by the annual CPI increase scope 4.8% realities. in 2007 the second half of the year, the central committee tunes 2008 economic policy for the moderate contraction. In the Central Bank year the interest on futures reaches 6 times, one year time loan datum interest rate enhances to 7.47%, above five year time the rate on loan is 7.83%. 　　

At the end of 2007, the Central Bank concerned people in charge believed that the adjustment RMB saves the loan datum interest rate to be advantageous to the implementation from the tight monetary policy; Is advantageous in prevents the price to evolve by the constitutive rise for the obvious inflation. In addition, Central Bank in 2007 10 upward bank reserve against deposits rate, time creates for 4 year greatest increase scope last by 1% scopes, in 2007 14.5% bank reserves against deposits rate are also near for 20 year historical high spots. 　　

12 http://msn.ynet.com/view.jsp?oid=32759464&pageno=5

Although reduces the monetary policy has become the fact, but CPI still tenaciously rose. November, 2007 6.9% set the record of near for 10 year historical new high. Enters in 2008, this data also gradually by refurbishing is 7.1% and 8.7%, Central Bank President Zhou Xiaochuan indicate: “the interest on futures to holds down CPI to be able to play the major role still at to study at present.” 　　

CPI has not fall, the stock index actually falls quickly. in October, 2007 stock market drops sharply to 5600 spots, enters in March, 2008, also under searched continuously to 3600 spots, slight increase CPI has created the serious attack finally to the stock market. In stock market's investors to this suddenly fall mostly are caught off guard, the income shrinkage, the extension to owe full, even by a depth set of jail.

Under the CPI heavy pressure, produces the crowd to be able not but to contract expends and invests, this is the economic growth disadvantage factor to a certain extent. Issued “the first quarter nation cities depositor questionnaire survey” in the People's Bank of China in the result to demonstrate recently: in 2008 the first quarter, thought that “the price is excessively high, accepts with difficulty” the resident occupies compared to reaches 49.2% historical maximum levels, and surpasses for the first time thought that “the price is high, but still permissible accepts” the resident occupies the ratio, surpasses 1.7 percentage points. in 2007 thought in the first quarter the price is excessively high, accepts with difficulty the resident occupies compares is only 25.9%. 13　　

   This change means that has accepted the high price crowd with difficulty, compares in 2007 to grow nearly 100% same time. But simultaneously, the State Statistical Bureau in January, 2008 announces the consumer confidence index lowers once more to 95.6, since has been March's, 2007 new low; Same time the consumer anticipated index drops to 98.6, since has been February's, 2007 new low; But the consumer satisfies the index to pelt to 91.2, since has been August, 2006 the lowest level.

If the high CPI level continues, will attack inevitably further consumer confidence, but causes the township dwellers to expend the actual outlay rate of increment lowering. What does this rate of increment mean? Has “the Wall Street first retail trade analyst” title Joseph H. Ellis to believe that expends the actual outlay is in the economical chain link's first link, “, when the consumption expenditure and other economical actuation factor's rate of increment achieves the crest and starts to recede, the economical and Stock market's majority of losses already formed.”

   13 Form "Digital Commercial Time"

The CPI height, will be direct or in the indirect influence produces the crowd the circumstances, they will pass by what way in 2008? After they will rise into “, will get rich” group of people, will split up, the drop? This all replies will depend on the state control CPI result. 　　

On March 18 during two durations, State Council Premier Wen Jiabao in Beijing answered questions from reporters when indicated: “we proposed this year CPI determination is 4.8% about forecast goals. Said that the sentence old truth, achieves this goal is not easy. But we have still not changed this goal, mainly stems from two considerations: First, it indicated that government's determination, must and suppresses the price control the inflation to take this year the government service most important task. Second, it stabilizes the common people to price anticipation.14

14.  Economic Daily

Conclusion

In 2008, the Chinese economy movement becomes stable the top digit, the economic growth rate small scale recedes, the resident consumption price rise tendency postpones, the investment in the fixed assets slightly has the temperature decrease, the foreign trade surplus speed-up has recedes.

Forecasts in 2008, continuously many year macro economics booming prosperous, the additional employment population increases much, the resident income grows quickly, the consumption pattern will promote to expends still will maintain the strong promotion The function, these fundamental factors had decided in 2008 our country consumable market sale rate of increment still will maintain a top digit.15

In 2008 the investment in the fixed assets speed-up still in the quick sector movement, the control investment in the fixed assets excessively quickly growth was still one of macroeconomic regulation and control important tasks. Estimated that in 2008 the entire social fixed assets investment name grows 23.5%, drops 2 percentage points compared to 2007, the actual increased range drops about 0.6 percentage point; And the cities investment in the fixed assets name grows 24%, dropped 2.3 percentage points compared to last year, the actual increased range dropped 0.8 percentage point; The property development investment name grows 25%, dropped 4.5 percentage points compared to last year, the actual increased range was basic and last year was impartial.16

in 2008 our country exports grows 19%, the import grows 18%, the trade surplus scale probably is 328,400,000,000 US dollars, compares in 2007 to increase 60,400,000,000 US dollars, the trade surplus increased range by 2007 51% The obvious drop is 22.5% .17

If American loan crisis to world economic growth influence with the present estimate basic consistent, the national macroeconomic regulation and control policy's effect appears normally, then in 2008 the Chinese economical speed-up will assume The present top digit will become stable the situation which, the small scale will recede, the GDP speed-up from 2007 growth 11.4% will recede to 2008 10.8%, will drop about 0.6 percentage point. And, the primary industry grows 4% , the increased range and in 2007 is impartial; The second industry grows 12.6%, the increased range compares in 2007 to drop 0.8 percentage point; The tertiary industry grows 10.5%, the increased range compares in 2007 to drop 0.5 percentage point. 18

15,16,17&18

Time: 2007-12-20 · origins: Country message center

If the American loan crisis is lower than the present estimate to world economic growth's adverse effect, the macroeconomic regulation and control policy's effect is not very obvious, in 2008 the economical movement will continue will maintain surges upward condition the otential, the GDP speed-up is 11.3%, basic and in 2007 is impartial. If the American loan crisis surpasses the present estimate to world economic growth's influence, the macroeconomic regulation and control policy's effect is able to remark. In 2008 the economical speed-up will drop to 10.3% about.

看到这，猪都笑了

鸡肠-----------

头好晕{:soso_e134:}

想闹事？

这是你抄袭剽窃还是杜撰的？

路过路过

TMD，欺负人不会英语

MR.LEE WILL MAKE THE REPONSE SOON.
I'M SURE THAT IT'S A PIECE OF CAKE TO HIM.

He will think you are ignorant in economics

我爱昵 发表于 2012-5-5 19:06
TMD，欺负人不会英语

我也这么说

我只得路过。。。