Midtown Lunch

If we put in the quarter's Belt as the inflation rate to adjust the real growth rate, the nominal GDP growth rate is reached 16.3%. If we use directly the present price statistics to calculate the total GDP, in the first half of 2007, Belt Replica's GDP 10.6768 trillion yuan, 9.1443 trillion yuan, Belt Replica's GDP in the first half of 2006 compared to the nominal growth rate as high as 16.8%. This growth, in the name of the basic as in 2004, and began to close to 1992-1996 in Belt Replica during the nominal growth of hyperinflation. That is to say, the current domestic economy not only is overheated, but are close to overheating. But the current economic overheating, why the government and academic circles debate very much, the biggest problem lies in the understanding of the Belt. In general, the Belt index refers to a country in a certain period of time consumer goods and services the average value of the residents. It is a very complex index system to measure. For this indicator, while countries are according to the UN in 1993 to establish national economic accounting system, but due to the economic development of all countries at that time, the residents' consumption mode and level, national cultural tradition, while countries use the same concept system, but in fact the content of the is not the same. For example, someone said that the current domestic Belt rose faster, the higher food prices, if the core Belt in Belt Replica with developed market economy (which excludes food and energy costs of Belt), then the current Belt Replica's Belt generally maintained at a stable level. That is to say, if the core Belt to see Replica Belt price index, the current Belt Replica's core Belt changes should be very smooth, because the Belt rise was mainly the result of higher food prices pull. But, these people ever thought, Belt Replica's consumer price index system and developed under the market system, the Belt system there is a big difference. Use two connotation is not the same thing to analogy, the practical significance of natural lost its meaning. In Belt system, for example, America's food and energy weight proportion of only 18.6%, and the Replica Belt consumer goods accounted for the two weight estimation can reach more than 36%.
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