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瑞银:投资人对中国经济有七个误解瑞银经济学家安德森日前在一份报告中列举了当前投资者对于中国经济七大误解,并且重申了瑞银自身观点。误解一:经济正再度倾向不可持续的、过热增长。瑞银的观点认为,去年中国经济实现很好的减速,今年第一季度的加速增长主要是受到那些暂时性、一次性因素的影响,包括12/1月份流动性冲击以及今年前两个月重工业出口装船大幅增加。此后央行很好地将大部分流入的过剩流动性对冲,3/4月份的贸易数据显示出口增长再度放缓。瑞银认为,二季度GDP数字可能还是处于高位,不过到了下半年应该回到一个更加合理的增长率。
UBS: Investors have seven misunderstandings about China's economy UBS economist Anderson recently listed in a report the current seven major misunderstandings about China's economy, and reiterated UBS's own point of view. Misunderstanding one: the economy is once again inclined to unsustainable, overheated growth. UBS's view is that last year China's economy achieved a good slowdown. The acceleration of growth in the first quarter of this year was mainly due to temporary and one-off factors, including the liquidity shock in January / January and heavy industry in the first two months of this year Export shipment increased significantly. Since then, the central bank has hedged most of the inflows of excess liquidity well and the March / April trade figures show that export growth has slowed again. UBS believes that the second quarter GDP figures may still be high, but in the second half should return to a more reasonable rate of growth.