Liquidity shifted from the property market to a more stringent monetary policy or

Mense with the deepening of real estate regulation, some of the money began to flow from the housing market to ordinary goods, and began to push food prices to rise sharply.　　On the one hand is the asset price bubble, on the other hand is the beginning of the rising price of food, in the face of excess liquidity under the pressure of asset bubbles and inflation under the double pressure, how the state should govern? "Real estate in the absorption of liquidity has a certain role, especially in China's investment channels are not very developed circumstances." This year, the country to increase macro-control of real estate, liquidity began to outflow from the real estate, because of the lack of other profit-driven channels, funds began to flow to ordinary goods　　Zhou Jingtong, senior economist at the Strategic Development Department of Bank of China, told the first financial daily.　　According to the NDRC's recently released retail price monitoring of urban food in October, the monitoring for Beijing, Shanghai, Chongqing and other 36 large and medium-sized cities, monitoring food, including vegetables, cereals and oils, fresh meat and fruit a total of 31 products, compared with September, a total of 24 kinds of product prices rose to varying degrees, accounting for the total variety of 80%.　　It can be said that food prices enter the stage of overall rise. "In the context of the declining dollar, the rapid rise of international food prices has brought some pressure on our food prices." "China Economic Exchange Center Zhang Yongjun told our correspondent," On the other hand, as the economy gradually warmed up, demand began to rebound, in the context of excess liquidity, prices also have a certain support. "In fact, as food prices have risen more than expected, many institutions have increased their expectations for the October CPI trend," he said.　　The October "First financial chief economist monthly Survey" showed that the average CPI forecast for October was 3.95%, with a median of 4%, well above the September 3.6% level.　　Although prices and house prices are far from an uncontrollable stage, it is still worth exploring which are more serious about the negative effects of rising prices and house prices. Zhou Jingtong told reporters that the rapid rise in prices and housing prices will have a negative impact on the economy.　　Generally speaking, as long as the protection of housing can be resolved, the rise in housing prices for most residents is not big, but if prices rise, and wage income can not be adjusted in time, will affect the lives of most people. "Raising interest rates, adjusting reserve requirements, and increasing open market operations can inhibit prices and house prices," he said.　　"For how to prevent the rapid rise in prices and house prices, Zhou Jingtong that monetary means can play a" stone "role. In fact, the central bank has waved a "stick" to start attacking liquidity. Yesterday, the central bank announced again from November 16, 2010, raised deposit-type financial institutions Renminbi deposit reserve ratio of 0.5%.　　This is the fourth time the central bank has raised the reserve ratio for all financial institutions this year. Industrial Bank economist Lu Commissar believes that under the pressure of foreign exchange and financial deposit outflow, there is still the possibility of continuing to raise the reserve ratio in the year.