Boao3Big report takes the pulse of Asia’s economy:

Walk steadilyVRecovery, strong rebound has the risk of overheating

("Southern Metropolis Daily"2011Year04month07日C02version)

Nandu reporter Long Jinguang

“We choose inclusive development as a priority2011The theme of the annual meeting,We hope to advocate and promote a new, more equitable and balanced development model in Asia.”Boao Forum for Asia Secretary General Zhou Wenzhong held a speech in Beijing yesterday“Boao Forum for Asia2011Annual Meeting and Annual Report Press Conference”He said this when introducing the progress of the annual meeting. Together,Around inclusive development,2011Set up for annual meeting23Main topics.

Yesterday’s press conference also released the "Boao Forum for Asia Development of Emerging Economies2011Annual Report", "Boao Forum for Asia Asia Economic Integration Process2011Annual Report" and "Boao Forum for Asia Competitiveness in Asia2011Annual Report". The above-mentioned report calls out the need to be wary of the overheating trend in the w88 login economy.

w88 login region in generalVShape recovery

《Boao Forum for Asia Asia Economic Integration Process2011Annual Report》think,w88 login Economy2009After a sudden recovery in the second half of the year,2010Continue to maintain a strong growth momentum. The sudden economic recovery was due to the large-scale fiscal stimulus packages and loose monetary policies implemented by the region's governments in the wake of the financial crisis.

Lead author of the report Lin Guijun, Vice President of the w88 casinoName,2010The economic growth rate in Asia is likely to reach7%,Far higher than the potential economic growth level of many economies in the region. Big w88 login countries have also achieved rapid economic growth.2010Year,China’s growth rate reaches10.3%,India expected to grow9%Above. Small and medium-sized economies in Asia also show strong growth momentum.2010ASEAN’s economic growth is expected to exceed6%,Among them,Singapore is the most prominent,Grown more than15%. Overall,Although the slow economic recovery of the United States and Japan and the European sovereign debt crisis have led to sluggish international market demand,The w88 login region still maintains strong growth momentum. Although the w88 login region generally showsVShape recovery,But the drivers of economic growth in various economies are not the same. In summary,The growth momentum of China, India and Indonesia mainly comes from domestic demand; while the growth of Japan and Singapore mainly relies on exports.

“The economic growth in Asia is2009and2010Made significant contributions to the recovery of the global economy,Making the region an engine of global economic growth,2010Asia’s contribution to global economic growth is expected to exceed 15024_15044|45%。”Lin GuijunSo said.

2010Year,Average debt of w88 login economiesGDPRatio at20%～30%between,The average for advanced economies is100%. Therefore,The sound fiscal position of most w88 login economies before the crisis laid the foundation for strong fiscal stimulus measures.2009To2010Year,The average fiscal deficit level of w88 login economies is4%,Although this level is not low,But given the healthy fiscal momentum of these economies,Credit rating agency in201016168_16197,w88 login economies have successfully used expansionary fiscal policies to slow down business cycles and external shocks.

The w88 login economy is beginning to overheat

The rapid economic growth in Asia has attracted a large inflow of capital,2010Capital flows into Asia every quarter3500100 million US dollars,Already close to pre-crisis levels. The potential risk is,increases the pressure for local currency appreciation,Thus reducing the international competitiveness of domestic products; once capital inflow is suddenly stopped or reversed,It may have a series of adverse effects on the investment projects, currency stability and financial system of the inflowing country.

Lin Guijunrepresentation,Capital inflow puts appreciation pressure on the domestic currency,The government's intervention in the foreign exchange market to prevent the appreciation of the local currency will also further increase inflationary pressure. Currently,Inflation levels in Asia have risen from2009Year2%rising to2010End of the year4%,Enter2011It will show a faster upward trend after the year.

Main inflation factors have been relatively under control,Only food prices are significantly driving up prices. Although this is a good sign,But when assessing future inflation risks,Governments of various economies need to be cautious about the current loose monetary policy. Among w88 login members,India and Vietnam have the greatest inflationary pressure,Followed by Indonesia and China.2010China’s inflation level reached3.3%,Estimated2011year will be reached5%. India2010The inflation level reached9.4%,2011Year expected to drop to6%. Indonesia’s inflation level is at2010Year above5%,and possibly in2011Breakthrough before the end of the year6%. The above countries(Especially Indonesia)'s monetary policies all have the characteristics of lagging adjustment. Other economies in Asia are in2011also faced increasing inflationary pressure. Except for the overheating economy,The negative effects of rising food prices cannot be underestimated,It will lead to increased cost of living and social unrest. Additionally,A new risk facing w88 login economies is the real estate market bubble,This problem is particularly prominent in countries such as China.

China’s competitiveness ranks No. 111bit

"Boao Forum for Asia's Competitiveness in Asia" released yesterday2011Annual Report》think,South Korea ranks No. 1 among w88 login economies in competitiveness1bit,Followed by Taiwan, Japan, Singapore and Hong Kong.

This report was completed by China International Economic Exchange Center,Report writing member——Wang Jun, Director of the Macroeconomic Division of the Research Department of China Center for International Economic Exchanges,The competitiveness assessment of w88 login economies is mainly based on the comprehensive assessment index,The indicators consist of commercial administrative efficiency indicators, infrastructure indicators, macroeconomic indicators, social development level indicators, and human capital and innovation indicators.

In the competitiveness ranking of w88 login economies,at6To10The two West w88 login oil exporting countries are Israel, Malaysia, Kazakhstan and Bahrain and the United Arab Emirates. where,China ranks first11bit. Ranked ahead of Qatar, which has experienced rapid economic growth in recent years,13-16The places are Thailand, Saudi Arabia, Türkiye and Jordan.

The Four w88 login Tigers and Japan are still the most competitive economies in Asia,Mainly because of Japan and the Four w88 login Tigers,After the economy takes off,Good results have also been achieved in commercial and administrative efficiency, infrastructure capabilities, social development and innovation levels.

Wang Jun said,China’s primary competitive advantage lies in its huge domestic and foreign market size,Economic aggregate, human capital and innovation capabilities,Among them, the total economic volume occupies Asia1bit,This allows Chinese companies to enjoy the benefits of economies of scale.

The other is that China can maintain stable and rapid economic growth for a long time,The scale of government debt can be controlled within a certain range. Have a high national savings rate and a low inflation rate,Makes China’s economic development potential high. In addition to economic strength,China’s urgent problems are mainly concentrated in the following three aspects:Government commercial administrative efficiency includes commercial approval efficiency and commercial arbitration efficiency; infrastructure capabilities,Including Internet, electricity and communication facilities; social development level,Including medical services and traffic safety issues. It can be seen,China’s social development has seriously lagged behind economic development.

It is worth mentioning,In this report,At the same time, the competitiveness ranking of w88 login listed companies was announced,PetroChina ranks first.

Introduction to Wang Jun,Set the target as an w88 login listed company,They chose Asia first39stock exchanges,The target company selected is28924Home. Calculate using the enterprise competitiveness assessment index introduced above,Thus obtaining the competitiveness of w88 login listed companies2010Annual ranking results,China National Petroleum Corporation ranks No. 1 in the comprehensive competitiveness ranking of w88 login enterprises1bit,Comprehensive ability ranking2The position is Toyota Motor Co., Ltd. of Japan.

Competitiveness of w88 login listed companies300Strong regional distribution status,After statistics,Wang Junsheng,They found that in the overall ability ranking300Qiangzhong,Mainland China, Taiwan China, Hong Kong China68number,where,Available in Mainland China32number,Account300Strong10.7%; Available in Taiwan, China15number,Account300Strong5%;Available in Hong Kong, China21number,Account300Strong7%. As far as China, Japan and South Korea are concerned,shared by China, Japan and South Korea214number,Account300Strong71.3%. where,Available in Japan123number,Account300Strong41%; Available in South Korea29number,Account300Strong9.7%. Visible,The center of Asia’s economic competitiveness lies in China, Japan and South Korea,The economic competitiveness center of China, Japan and South Korea lies in Japan.

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