when the economy finally bottomed out

of business, but had high exchange rate deviation from China's macroeconomic fundamentals, when the economy finally bottomed out, a large outflow of foreign capital on the overall economy and a strong destructive. Therefore, the central bank is passive, in order to maintain the sharp appreciation of the RMB exchange rate is not only a big hand to buy dollars, put on the RMB to the market, resulting in excessive market funds off, disrupting the central bank macro-control purposes, half of last year and the first half of this year, the shadow banking Daxing, eventually leading to shortage of money in June, is derived from this. Chinese government in order to maintain social stability have continuous implementation of a substantial policy stimulus, and foreign capital is determined to eat this psychology of the Chinese government, bound to the chariot Chinese government investment, profit from them, worrying is Once the lack of government capacity to stimulate the economy worsening structural imbalance, then, these funds are no longer fighting, will face the RMB exchange rate fluctuations.


Summary: After six months of practice, Li Keqiang, economic reform has entered a substantive stage, two representative best reflects the idea of ??reform, Li Keqiang, a railway investment and financing system, a free trade area in Shanghai. China problem type, Forced reform model for aspiring, enterprising politicians to display their talent and their wrists soil. At present, China's economic development distress, is to let the new leadership took to create cutting edge of a new era. August 20, the State Council issued opinions on the reform of the railway investment and financing system, the decision to local governments and social capital liberalization intercity railway, suburban railway and the development of resources and the ownership and operation of the railway branch line railway, and to encourage