What is your view on the development of the domestic economic situation in 2010?

Inflationary pressures are extremely high, and the Ministry of Economy is optimistic.

Keywords: Prices** The RMB exchange rate is rising.

Depending on what angle you have, the psychology of the general public is not the same as the psychology of experts.

In 2012, China faced several challenges, starting with the trend of the real estate market, because it is not only about people's livelihood, but also about many industries, such as materials, interior decoration, home appliances and even manufacturing. In addition, local finances will also be affected.

The second challenge lies in the private economy. One trend that emerged after the financial crisis was the excessive advance of the state and the retreat of the people, squeezing many private enterprises into a situation where they could only survive by relying on usury. Especially in the past six months, the pressure on private enterprises has increased sharply.

But at the same time, 90% of the annual job creation comes from small and medium-sized enterprises, especially small and medium-sized private enterprises. Against the backdrop of a shortage of funds for private enterprises, if the situation deteriorates further in 2012, the problems of private enterprises will shift from economic problems to social, employment and stability problems.

The third challenge comes from the debt crisis abroad, especially in Europe, and the deep-seated problems of the euro, which will have an impact on Chinese exports, and the impact will be more concrete and severe in 2012.

On the other hand, on China's behalf, the U.S. economy is not as pessimistic as many predicted. Relatively speaking, the problems of the United States are very different from those of Europe. The biggest problem in Europe is that the fiscal deficit and the national debt are both high, and the proportion of tax to GDP is too high, and the fiscal tax revenue of eurozone countries accounts for 41% of GDP.

There are only two options for Europe to change the current situation: on the one hand, it is to increase taxes, but this road will not work, and the economic blow will be particularly large and the society cannot bear it; On the other hand, reducing spending will also have a very big impact on the economy, and it will not work. In contrast, the United States is different.

In 2011, the U.S. fiscal deficit was about 10% of GDP, higher than that of the European Union, and the total level of national debt was about 100% of GDP. But if you look at the level of taxation in the United States, it's actually very low. Combined, federal and local taxes combined combined for 2011 the total tax level was 24% of GDP.

So the problem in the United States is that it is taxed less.

On this issue, I would like to recommend you to take a look at Lang Xianping's recent views on China's economy, which he said very thoroughly. The approximate meaning is similar to what the previous friend talked about, but I just added that the manufacturing and processing industries that China has relied on for a long time will recall a large number of enterprises after the Occupy Wall Street movement in the United States, and China's rising labor force has basically no advantage.

The situation boils down to dire straits.