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According to media reports, in May 23rd the State Council executive meeting held on, the central proposed 11 measures to ensure stable growth, more news sources the next phase of fiscal, monetary, industrial and other three policy will be a new round of specific policies, this means that a new round of economic stimulus has sounded the clarion call. So, the government's economic stimulus measures to what extent? I pointed out in "China economy to the edge of the most dangerous" in one book, dare to ask yourself: what on what Chinese economic growth? We have to face a cold reality, that is both export and domestic demand is a "cloud", high growth China economy rely on only one way, is frenzied investment in fixed assets. And a new round of economic stimulus is likely to fall into a Japanese style China depression. Take Shanghai for example. Shanghai economic development quickly too, now not only is the first big city China, but is far super metropolis. In 2008 2009, Shanghai's total economic output has more than Singapore and China Hongkong, it now appears more than Tokyo,http://www.libertymaine.us/planningboard/images/gucci-baggu-outlet-260.html http://www.libertymaine.us/planningboard/images/gucci-baggu-outlet-260.html, New York is also the point the day and await for it. From the statistical data, "eleven five" period, Shanghai's GDP increased from 924766000000 yuan to 1687242000000 yuan. Are calculated at comparable prices,http://www.apgcases.com/litfiles/_vti_log/nike-shoes-outlet-244.html http://www.apgcases.com/litfiles/_vti_log/nike-shoes-outlet-244.html, the average annual growth of 11.1%. That is to say, the five year GDP together almost 6 yuan. You know how much of it is driven by investment in fixed assets? 2.3 - trillion - yuan. The concept of what? That is to remove the Chongming County, Shanghai hit per square kilometer investment was more than 460000000 yuan! In the analysis of Shanghai City Hall economic situation will, they also said frankly: "rely on large-scale investment driven economic growth model is not sustainable." What is not sustainable? But is with "negative growth" as a euphemism, the truth is in overall decline. 1 - 2011 November, Shanghai completed investment in fixed assets totaled 435050000000 yuan, than the same period in 2010 declined 0.9%, which fell 5.7% in May compared to the same period in 2010. Shanghai is not only so, I have here the national data. According to the National Bureau of statistics data show that in 2011 November, the national fixed asset investment fell 0.19%; Department of transportation data show, 2011 1, November growth rate of investment in fixed assets, the National Highway Waterway year-on-year decrease of 7.8 percentage points. From the Ministry of Railways to the local government, China economy has been mired in debt crisis. The Ministry of Railways is the epitome of China model of economic development. I released the financial early warning of the Ministry of Railways in 2011 spring festival! At that time, the Ministry of Railways in the "great leap forward" of carnival, no one listening, they not only make trouble for me, for my program trouble, also take the matter seriously to the press conference to refute me, say what the asset liability ratio is not high, finance is still very healthy, strong and my financial experts. The results in less than a year, frustrated in the capital market issue, had no choice but to "cheat", after the Ministry of Finance met unexpectedly meet rejection, intentionally distorted policy file, create a "government backed bonds" as a new term, hard guest
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