银河证券左小蕾：中国不会重蹈越南覆辙

Galaxy Securities left Xiao-Lei: China will not repeat the Vietnam mistake

Finance site on June 13 - the 21st century financial forum in Beijing today fiscal State Guest Hotel, Galaxy Securities chief economist Xiao-Lei left in a keynote address at the meeting. Left Xiao-Lei said that compared to Vietnam, China advance to do a good adjustment mechanism, the structure of our export industries of large-scale adjustment, the efficiency of the recent policy is also very obvious. This increase the flexibility of the economy played a very important role. China can avoid a similar economic crisis.
Left Xiao-Lei said, the asset price bubble in advance of the adjustment. Thailand was a time of crisis, is the panic of flight, immediately all the asset bubble break. This is like Japan's, within a year dropped 80 percent. Second, inflation, the Chinese government last year began a comprehensive integrated policy, a very big control at a reasonable range. Two-year macroeconomic regulation and control is the goal, which is very important. The third is the adjustment of the exchange rate mechanism, this time of economic structure, the structure of the entire export industries, in a comprehensive policy under the influence, increase its flexibility. Opening up and economic system if the adjustment is the ability to match, this little problem, and that the economy is very healthy, and it is very adjustment ability. However, if this problem like Vietnam, the Vietnamese in China has not learned this point on, opening up too quickly, its economic system, its banking system simply can not match such a great degree of openness, so the introduction of the crisis, Thailand At that time, is also the case. However, China advance to do a good adjustment mechanism, the structure of our export industries of large-scale adjustment, the efficiency of the recent policy is also very obvious. I think this is the increased flexibility of the economy played a very important role. Fourth, we are very favourable conditions that we experienced, loan-to-the crisis of such a large uncertainty, we also encountered a storm of domestic and rare earthquake disaster in such a great uncertainties, such a big impact on the impact of , China's economy maintained a steady growth. This is an economic stability, could easily deal with all emergencies and crises. Including the international impact of the crisis, saying, I was not moving Weiran, this is Chairman Mao's words. We have regional capabilities, but we must make full preparations, we can not make mistakes. We must in this inside exception, there must be an effective emergency measures.

Xiao-Lei left that in the long term, we may have to further strengthen the internal economic restructuring, coupled with the growth mode of transfer of such things, but external, we really need some very well prepared. As long as we adhere to the policy properly, we also like the earthquake disaster, we can achieve the success of earthquake relief, we can also in a more open system of mining to avoid a financial crisis.

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