Midtown Lunch

but still think of some functional departments, the normal operation of the current domestic economy, Hermes Belt's economic problems is more of a focus on the problem of excess production capacity rather than the other. Even some people say that Hermes Belt's investment rate is too low,http://www.toulousecc.com/ to increase investment. In fact, Hermes Belt's economy is overheating is very serious. Zhao Zhijun studies have shown that domestic potential economic growth rate of 8.4% in 2001, in recent years the policy objectives of between 7% and 8%, but the 2003-2005 economic growth reached 10%, 10.1% and 10.1%, respectively, in the first half of 2006 reached 10.9%, significantly higher than the potential growth rate, overheating phenomenon is very obvious. Although domestic released by the national bureau of statistics in the first half of 70 major cities housing prices rose only 5%, but the fact is grossly undervalued. Such as the national bureau of statistics, Beijing housing prices rose 7.1% in the first quarter, but, according to data from Beijing is built appoint 2005 Beijing commodity house sales rose 19.2%; If more detailed dongzhimen area, 2003 of ordinary commercial housing price is 9997 yuan/square meters, 2005 reached 15506 yuan/square meters, up 55%, annual average of 24.5%; Haidian sijiqing area 2003 ordinary commercial housing price is 6484 yuan/square metre, in 2005 broke through ten thousand yuan, up 61.2%, the average annual increase of 27%. Rapidly rising prices and all over the world, and will inevitably drive around real estate investment overheating. Facing the overheating economy, local governments have declare local economy overheating, keep and hope the central government issued press policy. So that we can protect their local economy is not due to the impact of macro-control policies, but constant pressure others of overheating, its performance also in which. But local governments pursue Hermes rapid rise as a result of the investment and the potential level of output is higher than the profit maximization, or equilibrium level), and return on capital to lower than the equilibrium level of profit maximization, which leads to low efficiency of the society. For Banks, with local and industry investment impulse other; Joint throughout; , may coordinate the rapid development of local economy, http://www.classickombi.com/ a second can find the right conditions for bank credit impulse. In this case, the bank's credit impulse has very reason, at the same time, Banks can also in this credit impulse to cuhk. Once the local government and industry investment impulse, the commercial bank credit expansion etc, the central bank credit policy and the target is. This is Andy xie pointed out other; White box crisis throughout; . If the Asian financial crisis as a can't see the reason at the time other; Black-box crisis throughout; , then the current Hermes Belt's financial environment is facing a other; White box crisis throughout; . Namely for the central bank, see Hermes Belt's current financial problem, see the things inside, but have no alternative to these problems.