.jpg)
The People's Bank of China decided to cut the benchmark interest rate for RMB deposits and loans of financial institutions from July 6, 2012. The one-year deposit benchmark interest rate of financial institutions was lowered by 0.25 percentage points, and the one-year loan benchmark interest rate was lowered by 0.31 percentage points; the benchmark interest rates of other grades of deposits and loans and the interest rate of deposits and loans of individual housing provident funds were adjusted accordingly. Since the same day, the lower limit of the floating range of the lending rate of financial institutions has been adjusted to 0.7 times the benchmark interest rate. The floating range of personal housing loan interest rates will not be adjusted. Financial institutions should continue to strictly implement differentiated housing credit policies and continue to curb speculative investment purchases. On the evening of the 5th, the People's Bank of China announced that it would cut the benchmark interest rate for deposits and loans of financial institutions asymmetrically. This is less than a month after the last interest rate cut, and the pace of loosening domestic monetary policy has accelerated markedly. At the same time, the central bank is also the first to cut the asymmetric interest rate for the first time in four years. In theory, asymmetrically adjusting interest rates will help stimulate demand for loans and increase financial support for the real economy. At the time of economic growth, the policy has habitually chosen the old way of cutting interest rates and reducing the deposit reserve ratio. Although it may theoretically boost the real economy, in the current domestic environment, the real economy may be limited, but it will push up commodity prices and agricultural products. Recently, since the end of last year, China has cut the deposit reserve ratio three times and cut interest rates twice, but the downward trend of the real economy has still not improved. On the contrary, the real estate market, which has been the most regulated, has shown signs of recovery, appearing in June. The situation of rising volume and price. In the context of the overall weak economic expectations, the loosening of monetary policy, although not completely caught in the "liquidity trap," but most fell into this trap. Funds are obviously more “short and fast†and have more areas of consumption. In fact, since the financial crisis of 2008, the global real economy has never recovered. China has only rebounded from a series of intensive measures such as the investment of 4 trillion yuan. This large-scale currency has played an important role in promoting. effect. It also brought many visions such as “Garlic You†and “Beans You Play†that have emerged since 2009. This is actually a manifestation of the choice of funds in the context of the failure of the real economy to transform and the operational risks are too large. Looking back at the current economic situation and the situation after the 2008 financial crisis, what fundamental changes have taken place in the economic fundamentals? There is no substantial change in the mode of economic growth and the industrial structure of the real economy. Under this circumstance, the monetary policy is still used in a loose manner, and the results are undoubtedly similar. The housing prices are rising, and the similar situation of “garlic and you†may be repeated, and the economic contradictions are actually further aggravated.
power tools are hand-held, transportable electric tools in which motor is inseparable part of the machine. Examples of conventional electrically power tools are screwdrivers, drills, routers, sanders and a variety of saws, such as jigsaws, reciprocating saws and circular saws. Compared to Hand Tools, Power tools can help you to complete home repair and large-scale projects with speed, ease and safety.
Power Tools,Cordless Drill,Angle Grinder, Rotary hammer
AWLOP CO.,LTD , https://www.awlop.com