Experts say China's stock market is on the low side 3 years after the market may be inflation

The "Jiangsu Economic and Enterprise Development Summit Forum", held by the Provincial Development and Reform Commission and the South Normal University School of Business, said yesterday in Nanjing, Professor Wei, executive deputy director of Tsinghua University's China Economic Research Center, at the forum that China's economy would be out of this round of adjustment cycles by the first half of 2011 The key to dealing with this crisis is to start investment and stimulate consumption, and the state will introduce policies to increase residents ' incomes.　　He also believes that the current domestic stock market still has room to rise, the property price is somewhat high. Inflation is likely to emerge in China in three years. Professor Wei is one of the central decision-making experts, in yesterday's forum, he said that China's economic growth model must shift from the current export-oriented to domestic demand-driven, and to that end, the country is now starting to invest and stimulate consumption to start to change the mode of economic growth.　　He believes that with the stimulus of the 4 trillion series of policies, some industries will start to pick up in June this year, and 90% of the industry will rebound by the end of next year, and the Chinese economy will complete the adjustment by the first half of 2011. "The global economy, including China, is likely to usher in a new bout of inflation in the year after the economic adjustment, that is, the 2012 ~2013 year." At the moment, domestic banks have very low interest rates, a good time to spend, so those who have consumer needs are best to spend as soon as possible and not wait for the currency to depreciate.　　He suggested. The domestic stock market also has the rise space Wei said that the key to start individual stock market and property investment is to give the stock market and the property market reasonable price, at present the domestic academia has not formed the consensus. At the end of 2006, a group of experts in the country once studied that the 07 stock market highs at 3,500, more than 3,500 points should be issued policy crackdown, but when the stock market up to 3,500, many people think that this point is reasonable, against the stock market, and finally the stock market to rise to 6,000 points, The bubble burst and fell to 1600 points. He said that at present, the mainstream view of the current domestic stock market and property market is: The stock market is low, the property market is high, so there is room for the stock market to rise.　　However, Wei also said that because of the situation in Nanjing do not understand, so the high property market judgment may not be suitable for Nanjing. Residents ' personal income is expected to improve "personal income is an important aspect of starting personal consumption of residents." Wei said that the state will soon introduce measures to increase the proportion of income to the national income, increase the proportion of income to the individual, improve the proportion of property income to the income of residents, improve the income of farmers, improve the income of people in the backward areas. In his view, in the context of insufficient domestic demand, the residents should be given more, the state to take less, the main way is to tax relief, especially the personal income tax, through the improvement of personal income tax threshold, and other measures to effectively reduce the burden on the residents.　　In addition, there are some problems, such as the high profit of enterprises, but the low wages of the workers, which need to be changed. Wei said that it is also important to increase the consumer's credit consumption and the expected consumption, which is currently carried out by domestic residents through bank creditConsumption accounted for only 26% of GDP, the European Union studies that 60% of the proportion is more reasonable, so China has a lot of space, at present, there are 4 cities in the domestic consumer credit company pilot, will be fully pushed forward. The expected consumption is to stabilize the residents ' future income expectations, so that people now dare to increase consumption, the country is actively studying this policy, such as the improvement of social security system.