The hottest current politics focus on curbing surp

2022-07-23
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Focus on current politics: there is no need to worry about gains and losses in curbing surplus Industries

under the continuous economic downturn, the implementation of many policies implies the logic of balancing the two dilemmas. On July 23, the central bank denied the rumour that new loans were prohibited to nearly ten surplus industries such as cement and steel, but made it clear that it would curb the blind expansion of surplus industries

Yang guoyingzhang, a financial commentator in the Beijing News, said that the central bank's statement was quite wise, although it was contradictory. The relative contradiction is that the central bank clearly will curb the blind expansion of excess capacity, while the central bank, as China's monetary policy-making body, its usual means of containment is to shrink new loans, which is obviously opposite to its denial of the rumors of new loans; The wise thing is that at a time when the economy continues to be depressed, if the central bank makes a big announcement to shrink the new loans to excess industries, it is bound to produce a short-term panic in excess industries, which is likely to cause a more embarrassing negative effect on the current economy

simply summarizing the above statements of the central bank, we can find that the central bank actually means to shrink new loans to excess industries, but it is not straightforward to avoid short-term panic to the economy

according to the article, in fact, under the condition that the decision-making level has strengthened its tolerance for the economic downturn, the central bank can take a clear-cut stand to shrink the new loans to excess industries

focusing on eliminating backward production capacity, China released the first batch of catalogue of eliminating backward production capacity, processes and products as early as 1999, and released the second batch and the third batch in 2000 and 2006 respectively. Since then, almost every year until now, it has issued a document to emphasize the importance of eliminating backward production capacity. However, from today's perspective, although China's industrial structure has changed, the phenomenon of overcapacity in cement, steel and other industries has not been significantly reversed. On the contrary, its overall expansion trend has been extremely obvious in the past 10 years

the deviation between the actual situation and the original intention of the policy not only reflects the poor implementation of the policy of eliminating backward production capacity by the relevant departments, but also reflects that the relevant departments are worried about the gains and losses between economic growth and economic transformation. For example, China has strictly controlled thermal power projects over the years, but the annual sales in june2011 is expected to increase by 40million US dollars. In the face of periodic power supply shortage, the relevant competent departments have stated that they will centrally approve a number of thermal power projects, and said that (5) the spring fatigue test machine is simple to operate. In order to meet the needs of thermal power generation, the effective supply of coal will be increased

the article points out that at present, China's industrial upgrading and economic transformation are urgent. For the central bank, which is the monetary decision-making body, conductive thermoplastic materials allow the continuous release of static electricity. When China continues to improve the standardization of new materials and the overall credit resources are tight, it is necessary to shrink the new loans to excess industries. This can not only promote the progress of eliminating backward production capacity in China, but also allocate more current relatively tight credit resources to industries and enterprises that meet the requirements of industrial upgrading and economic transformation

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