rather than the target of 7.5% this year. He said

according to the reference news reported on June 8th American newspaper, the International Monetary Fund (IMF) two officials asked China lowering of the expected growth, short board turned their attention to solve the financial and real estate industries.

America "Wall Street daily" June 6th citing IMF first deputy managing director David · Cheap SACA High School Jerseys Lipton 5, said in Beijing, Chinese should pursue the so-called "high growth speed".

according to the report, Lipton asked Chinese will Cheap Cincinnati Royals Jerseys have its growth target down to about 7%, rather than the target of 7.5% this year. He said, in a more moderate pace of growth will help China measures some reduce growth, such as reducing the pace of loan growth, but in the long run can make Chinese less vulnerable to shocks.

reported that, in recent years, with the economy slowing down, between the target and the actual growth rate of growth difference has narrowed sharply. Chinese economists and officials say, they treat the target very seriously. They are to convey Beijing focus of the work of a signal to the provinces. Lower growth target is generally regarded as a kind of affirmation, that Chinese willing to shut down polluting factories and take other difficult economic policy, to accept lower growth rate.

according to the report, the government also through China growth target to make policy. In the middle of 2012, when the quarter GDP growth fell below the target, the government take to increase credit way to stimulate economic growth, though it makes debt problem worse. The first quarter of this year, GDP growth rate of 7.4%, again below Cheap Harvard University Basketball Jerseys the target, causing additional stimulus people debate China economy. So far, the measures taken by the government not to.

Lipton expresses clearly, the international monetary fund that a comprehensive stimulus is not necessary. He said in an interview: "we advise not to go back to low interest rates, credit and investment (increase) Cheap Kevin Durant NCAA Jerseys the old. We tend to be more targeted measures rather than to stimulate."

and Lipton said, increase the economic stimulus measures could undermine the control of credit China growth efforts. In fact, he asked Chinese reduce local government deficit, reduce the proportion of GDP one percentage point deficit every year. Deficit reduction, local governments to borrow less money. But it also might reduce economic growth, because the government pay for infrastructure and other projects had less money.

Lipton also said, "China should try various devices to use fiscal lever support family income and domestic spending". The lever includes a make state-owned enterprises pay more dividends and uses the money to pay for social services. Similarly, the more money into the pockets of ordinary Chinese tax reform is also good.

reported last fall, according to the reform plan, in 2020, the state-owned enterprises to Chinese dividends from the current 5% to 15% up to 30%. In response, Lipton said: "why do you have to wait until 2020?" (compiler / TU tall) Cheap Indiana Hoosiers Jerseys