Experts interpret CPI: consumption is not red. Inflation expectations Test policy

China Economic Network Beijing January 21 (Li Yuth) this morning the National Bureau of Statistics released a series of 2009 annual national economic data. 2009 China's GDP reached 33.5353 trillion yuan, an increase of 8.7%, four quarter year-on-year growth of 10.7%, the annual CPI fell 0.7%, December CPI year-on-year growth of 1.9%, far higher than November 0.6% growth. How do you see such a result?　　A number of experts on the first time to China's economic network to interpret. Consumption is not enough "red" in 2009 against the financial crisis in the march, to expand domestic demand, stimulate consumption to become the keynote of China's economy, and in this published economic data appears to show consumption of a booming weather. The CPI continued to rise 1.9% per cent year-on-year in December, following a negative positive from last November.　　Ministry of Commerce spokesman Yiao Jian also said this month, the annual consumption of economic growth will be more than 50% of the contribution rate, compared to the 2008 increase of 6%, consumption growth of the contribution to economic growth reached the highest level of history. In this respect, director of Economic Research Department of the State Administration College, Ph. D. Wang, a doctoral tutor at Peking University's School of government management, said that there were many factors in the last year when consumption was so good, such as the success of the stimulus package, which led to an increase in the average income of people, raising the price of　　, the old exchange of new and other consumer stimulus policies throughout the year, while the stock market recovery and the integrity of the social security system also work. Data show that last year home appliances to the countryside electrical sales of nearly 90 million units, sales of up to 160 billion yuan.　　China's car consumption has become a bright spot, production and sales completed 13.791 million and 13.6448 million respectively, an increase of 48% and 46%, surpassing the United States on the global auto production and marketing of the first power of the "throne."　　But for consumption in the proportion of economic growth, Wang Jian thinks is still very low, "the reform and opening up, with every step to improve income, consumption is increasing, the highest ever to 68%, now the proportion is down, the United States consumption as a share of GDP 70%, the main reason is the low level of income of residents." Zhang, a professor at the School of Economics at Peking University, also believes that the restructuring of the domestic economy in the past year has not yet been completed, with investment ahead and consumption lag, and it will take time to really start the domestic market. "The economic stimulus policy has a positive effect on Paul VIII, it will take time to improve people's lives, the economic growth of economic supply, supply cycle must be realized by consumption, consumption can not increase at the same time 8.7% will have problems, in the economic growth and the same consumer market to match.　　"Inflation expectations test policy with the rise in price levels, rising pressure is emerging, social expectations of inflation gradually increased." Zhang that in the case of high growth, there is a certain inflation is normal, but it should be controllable, in the basic living level of the people can afford. In recent years our country's passThe volume inflation rate is controlled at 4%-5% levels, whether this is a match for economic growth and there is no authoritative claim. "If inflation and wages hang upside down, which means that income is reduced, so how to curb excessive inflation from macro-control perspective, the central bank's future monetary policy requirements will be higher, the future monetary policy and fiscal policy how to tie the pressure will be great." "The chief economist of the National Bureau of Statistics, Jingyuan, has also made a detailed analysis of this issue to China's economic network, which he believes is currently facing three major inflation risks, such as the soaring price of raw materials in the international market, the shortage of individual products and high inflation expectations, but the agricultural harvest,　　There are three factors, such as overcapacity and insufficient social demand, which will restrain inflation. The price of fresh vegetables has risen more than once in many cities over the past two months, and the food and beverage industry has started to rise. Just 20th this month, Yanjing Beer began to raise the factory prices of ordinary bottled beer. Before this, Maotai, Wuliangye, Coca-Cola Hangzhou Company announced the price increase. Yu, a Chinese economic analyst at Goldman Sachs, told the media that, looking back at historical data, food prices were often more responsive to rising inflation and inflationary expectations.