Category: Money tips Release Date: 2007-04-15
The just-concluded CPC Central Committee Plenum, the Central by Shi Liuda the first two decades of this century, building a moderately prosperous society in general plan, put forward the "Eleventh Five-Year Plan" period of economic and social development of the main objectives:
(1) optimizing the structure, improving efficiency and reducing consumption, based on 2010 gross domestic product per capita 2
000 years to double;
(2) significantly increased the efficiency of resource use, energy consumption per unit of GDP than the "15" end to reduce about 20%;
(3) to form a group of well-known brands with independent intellectual property rights and international competitiveness, the advantages of a strong enterprise;
(4) relatively complete socialist market economic system, an open economy to reach a new level, a basic balance of international payments;
(5) and consolidate the nine-year compulsory education universal in urban areas continued to increase jobs, a relatively sound social security system, poverty-stricken population continued to decline;
(6) The urban-rural income levels and quality of life, general improvement in the overall price level basically stable, housing, transportation, education, culture, health and environmental conditions have been greatly improved;
(7) democracy and legal system and spiritual civilization construction has made new progress, social security and production safety situation has further improved to achieve new progress in building a harmonious society.
Stable low-growth target for structural adjustment to a larger space, also means that the difficulty of adjusting
Plenum raised by 2010 per capita GDP in 2000, based on the double. In other words, as a sign of building a moderately prosperous society, to the "Eleventh Five-Year" end, China's per capita GDP level will be 850 U.S. dollars in 2000 to double, reaching 1600 to 1700 U.S. dollars, with a corresponding "Eleventh Five-Year" During an average annual GDP growth rate of about 7.4%.
Such a growth rate, it can be said to play a larger restructuring of the margin, but also central to the adjustment and reform of the difficult nature of an estimate. Judging from the current macro-economic development trend of view, the scale of fixed asset investment is still large, however, the industry profit growth imbalance that exists between the situation has not been fundamentally improved; manufacturing growth to a large extent, driven by export growth, an increase of instability of economic growth; growth and low consumer prices, producer prices of industrial products as reflected by the downstream market, prices continue to be inhibited, so the downstream manufacturing enterprises is difficult living conditions quickly improved; foreign trade surplus continues to expand, 1 ~ September favorable balance of 700 billion U.S. dollars, arduous task of balancing the trade balance.
The short term, the macro-control policy will maintain the status quo, but to change the direction of structural adjustment. Land, credit, two aspects of the regulation is still the focus of the rebound to prevent the growth of investment demand. The long term, structural adjustment needed in place for quite some time, many institutional problems be solved smoothly, need the government's determination and the creation of new capacity to the interests of channels. It can be said
An average of around 7.5% growth target is more pragmatic.
"Eleventh Five-Year Plan" period of economic growth will slow down after showing the pattern of
Due to economic growth, particularly the role of investment inertia, "Eleventh Five-Year" period of economic growth will show a slow down after the pattern. In the "Eleventh Five-Year" in the first two years of growth will reach 8% or more. The main reason is, first, the government in agriculture, health, urban infrastructure and other inputs will continue to increase; second, the service industry optimistic about growth prospects brought about by increased investment, but also will maintain a relatively high speed; third, the Olympic Games impact will lead the infrastructure, services, transportation, real estate and other investments in the sectors needs; fourth, structural adjustment carried out smoothly, we must rely on a certain scale of investment growth, possible more. The "Eleventh Five-Year" in the latter part of growth will be lower, perhaps 7.5%.
"Eleventh Five-Year" period has better prospects for the development of the industry, energy, consumer, services and equipment manufacturing-based
According to 10, adopted by the Sixth Plenary Session of the Fifth, "the CPC Central Committee on the Formulation of National Economic and Social Development, the recommendations of the Tenth Five-Year Plan" put forward the "Eleventh Five-Year" period of development goals, in the coming years, the Government will support the to encourage the industry, we believe that there are several major categories. First, the energy, resource, energy-saving products, new energy, alternative energy development and utilization. Second, the service industry category, including the production of services and consumer services, such as transportation (especially rail transport), health care, education, business and financial services; the third, consumer goods, mainly food and agricultural processing , and by consumption in large cities, small and medium urban consumption and rural consumption upgrading to upgrade due to different levels of consumer demand, such as automobiles, household appliances, food; fourth, equipment manufacturing, including metal products, general-purpose equipment and special equipment industries Some sub-sectors.
Science and technology, agriculture, regional balance in development is a worthy future investment in the concept of
We believe that in the "Eleventh Five-Year" period, the tech sector, the agricultural board, opened the West "issue and the East," the revitalization of old industrial bases in the north section and so worthy of attention. The concept of the scientific concept of development support, to enhance the capability of independent innovation as the center, adjusting the economic growth structure, urban and rural and regional development structure, is the current government hope to achieve an important aspect of overall well-off goal. Government in this regard will gradually increase input, but also bring along the relevant region and industry investment. In our view, from an investment point of view, those concerned with these plates, but also overlapped with the above development of the industry companies, with good growth prospects.
Investment opportunities can be implemented
The distribution of listed companies with the specific circumstances of the industry, we believe that investment opportunities can be implemented mainly in the following aspects:
(1) vigorously promote the construction of railways, will drive the rapid development of motorcycle manufacturing industry;
(2) Tianjin Bohai Sea area as an important development base will be gradually brought into play an important role;
(3) under the premise of encouraging innovation, with independent intellectual property rights and R & D company will get more preferential policies;
(4) as a key factor to solve the energy bottleneck, one of power grids is imperative;
(5) the development of ideas to improve national welfare, medical and pharmaceutical development prospects of much attention;
(6) economic restructuring and consumer upgrades, will drive the rapid development of retail business.
