China's economic stimulus era or complete end of monetary policy began to exit

Monetary policy has begun to withdraw from China's economic stimulus era or complete end of the news tip according to the report, the CBRC has asked commercial banks to resolutely implement the loan "three checks" on the project loans of the local government financing platform, and to stop the new credit for the projects with no capital and only financial guarantee.　　This could herald a considerable amount of local finance-backed investment projects that are difficult to mount on schedule, showing signs of "exit" from fiscal stimulus. When monetary policy begins to withdraw, the fiscal stimulus will also face the end of the year.　　At present, the role of the budget in stimulating the economy has more or less been restored to normal, the Treasury is no longer using fiscal means to stimulate the economy, China's economic stimulus era or the overall end. According to sources, management has asked commercial banks to strictly control credit to local financing platforms, which could herald a considerable amount of investment projects backed by local finance that are difficult to mount on schedule.　　A significant portion of the 4 trillion of the investment that spurred the economy in 2009 came from local governments. Stephen Green, director of the Greater China Study at Standard Chartered Bank, said that although the overall recovery in tax revenue, the central government has a total of 2.2 trillion yuan in Treasury funds, but China's fiscal stimulus has now largely ended, and now it appears that the role of the budget in the economy has been more or less normal, The government is now no longer using fiscal means to stimulate the economy. This round of fiscal stimulus began in the second half of 2008, to a considerable scale in the first half of 2009. China's fiscal stimulus is more like a submachine gun, and the government has used all the stimulus it can think of. A large number of infrastructure investment projects were approved, and huge amounts of bank credit flooded into the economy, and the real estate industry was boosted by strong credit and tax incentives. The central government's fiscal largesse is frequent.　　For now, these irritating moves have slowed. World Bank: Economic growth or slowdown in the second half of the year, however, the World Bank's 2010 Global Economic Outlook report says the global economy is recovering, but the recovery is weak and is likely to slow in the second half of 2010 as fiscal and monetary measures weaken and the current investment cycle ends. In fact, industrial production has begun to show signs of slowing down.　　While the baseline scenario forecast suggests that global growth will grow by 2.7% in 2010 and 3.2% in 2011, after falling 2.2% in 2009, it cannot rule out a double dip in 2011 's slight slowdown or the possibility of an increase in the momentum of the recovery. Justin Yifu Lin, the World Bank's chief economist, said yesterday that the global recovery was still weak and many economies needed to keep fiscal stimulus. World Trade Organization Director-General Lamy also said world trade fell 12% last year after the economic crisis, the biggest decline since 1945.