中国“稳货币、松财政”的宏观政策趋势与全球政策趋势正好相反，投资环境也正在改善，今年全球资本将继续流入中国。

China"Stable monetary/Loose fiscal"The macroscopic policy trends and global policy trend opposite,The investment environment is also improving,This year the global capital will continue into China.

　　证券时报记者 陈中

The securities times reporter Chen zhong

　　在昨日举行的“中国产业并购高峰论坛”上，摩根大通中国区董事总经理龚方雄表示，随着欧美投资环境变差，中国投资环境的改善，全球资本今年会更加重仓中国、重仓新兴市场。

In yesterday's"China industry mergers and acquisitions peak BBS"on,Jpmorgan China managing director GongFangXiong said,With Europe and the United States investment environment variation,The improvement of China's investment environment,Global capital this year will be more heavy warehouse China/Heavy warehouse emerging market.

　　龚方雄认为，中国“稳货币、松财政”的宏观政策趋势与全球政策趋势正好相反，投资环境也正在改善，今年全球资本将继续流入中国。

GongFangXiong think,China"Stable monetary/Loose fiscal"The macroscopic policy trends and global policy trend opposite,The investment environment is also improving,This year the global capital will continue into China.

　　龚方雄表示，美国财政悬崖问题的解决，不论达成怎样的协议都意味着对富人的征税，美国对富人征税意味着对中小企业的征税，就意味着美国的投资环境恶化。而中国现在强调的是改革开放、市场化的道路，强调的是国民收入再分配，为企业减负，让老百姓收入倍增，这些都是相较于发达国家更宽松的宏观政策，更有利于经济发展。

GongFangXiong said,The United States financial cliff to the solution of the problem,No matter how reached agreement for the rich means the tax,The United States for the rich to small and medium-sized enterprises tax means that the tax,Means that the United States investment environment deterioration.But China is now emphasize that the reform and opening up/Marketization road,Emphasis is on the national income redistribution,To alleviate the burden on enterprises,Let people income multiplier,These are compared with the developed countries more comfortable macro policy,More conducive to economic development.

　　“美国对富人征税，资本市场的所得税、利息税等都在提高，但是中国的投资环境在改善，尤其新一届领导人十八大以后释放一系列改革开放的信号，增强了市场对中国未来可持续发展的信心。所以，自然会带来全球资本继续重配中国、重配新兴市场。”龚方雄说。

"The United States for the rich tax,Capital market income tax/Interest tax, etc is on the rise,But China's investment environment in improvement,Especially the new leaders after eighteen big release a series of reform and open policy the signal,To enhance the market for China's future sustainable development of confidence.so,Nature will bring the global capital continue to reassortment China/Reassortment emerging market."GongFangXiong said.

　　“欧洲在去年和前年都已经达成了财政紧缩的协议以应对欧债危机，相应之下全球的货币政策就会继续宽松，以对冲和弥补财政政策的紧缩。所以美国、欧洲所面临的问题是需要紧财政、松货币。而中国正好相反，中国现在追求的是货币政策的稳定、财政政策的宽松。”龚方雄表示，这也就是最近全球资本开始从发达资本市场流向新兴市场，流向中国的原因。

"In Europe last year and the year before have reached an austerity agreement in response to the debt crisis,Under the corresponding global monetary policy will continue to loose,To hedge and compensate for fiscal policy tightening.So the United States/Europe are faced with the problem that need to tight financial/Loose monetary.China is just on the contrary,China now is the pursuit of the stability of the monetary policy/Loose fiscal policy."GongFangXiong said,This is the global capital started from the developed capital market to emerging markets,To China's reason.

　　目前市场担心西方的量化宽松，给全球带来通胀。但龚方雄认为，通胀到来的路还非常远，西方的“印钞”只是缓解了由于百年不遇的金融风暴带来的通缩压力，目前担心通胀还为时过早。他还判断，今年中国经济增长会比去年好。

At present the market worried about western quantitative easing,To bring global inflation.But GongFangXiong think,Inflation coming the road is still very far,western"Print chao"Just ease the financial storm once in a blue moon bring deflation pressure,At present it is still too early to worry about inflation.He also judge,China's economic growth this year will be better than last year.