受2008年四季度开始的4万亿刺激计划支撑,经济下滑已经划上休止符并呈恢复态势。2009年全年实现以投资拉动为主要动力的8%的增长目标没有悬念。不过经济运行仍存在风险因素:政府投资难以持续、大规模的信贷增长带来“通胀预期”。因此建议未来货币政策“动态微调”。 Supported by the 4 trillion stimulus package that started in the fourth quarter of 2008, the economic downturn has been put to rest and is recovering. There is no suspense for the full-year target of 8% growth driven by investment in 2009. However, there are still risk factors in economic operation: government investment is unsustainable and large-scale credit growth leads to “inflation expectations.” Therefore, the proposed monetary policy “dynamic fine-tuning ”.