Pass the central bank to raise interest rates tomorrow, skyrocketing real estate stocks.

<P> </ P> <P> Shanghai and Shenzhen yesterday, plunged by the impact of opening stock index Tiaokongdikai 14 points today, the opening point and 1641.14 points, Shenzhen Component Index opened 4115.05 points. .In about 10 o'clock in the stock index rebounded, led by Sinopec, Shanghai stocks fell more than 310 pieces Shenzhen stock fell more than 250 only. .</ P> <P> morning: real estate stocks to stabilize the broader market rose crazy </ P> <P> pass the central bank to raise interest rates tomorrow </ P> <P> analysts believe that, although the time can not be determined, but the central bank will certainly .Slowly raise interest rates, interest rates is the trend </ P> <P> "In fact, the hike is long overdue." Chinese Academy of Social Sciences Institute of Finance, Financial Development and Financial Institution Research Office, the case interview, Yi Xianrong .said. .He pointed out that although the central bank will soon raise interest rates yet the exact message, but interest rate is undoubtedly essential. .</ P> <P> yesterday, "the central bank has been submitted will be held July 15 rate hike report" the news spread in the market. .Stimulated by this rumor, Shanghai and Shenzhen stock markets fell sharply, Shanghai Composite Index fell 84.23 points, Shenzhen Component Index fell 201.75 points. .Dr. Yi Xianrong, economic growth in many countries than we have been slow to raise interest rates several times, such as the United States, has now been 17 consecutive interest rate increase, while the country since last year only added a half, that is, a deposit and loan .interest rate and a lending rate hike. .The momentum of China's remarkable recent economic overheating, if the central bank does not raise interest rates to economic development will bring greater pressure. .Yi Xianrong affirmed that although the time can not be determined, but the central bank to raise interest rates will certainly slow the rate hike is the trend. .</ P> <P> industry believes Recently, along with the global economy pick up, rate hike is not only the United States a nation state, can be said that almost all the global interest rates. .Southeast Asian countries such as Thailand, had to raise interest rates earlier this year, even in recent years has been "zero rate" of Japan, today announced that interest rates may be, can be said that the current global interest rates into the tide. .</ P> <P> China's economic development status, but also shows the need to raise interest rates. .Relevant data show that in the first half, China's rapid economic development continues, GDP growth of 10%. .June's trade surplus reached 14.5 billion U.S. dollars in China, another new high during the year; At the same time, 1-June, the trade surplus rose 54.9%. .And there are forecasts that this year China's trade surplus expected to reach 160 billion U.S. dollars. .This shows that China continue to increase pressure on foreign exchange growth, excess liquidity will continue to exist. .June, M2, M1 grew by 18.4%, 13.9%, new credit 360 billion yuan, a slight improvement over the previous month, but still high, credit growth is still sent danger signals. .</ P> <P> "semi-annual economic statistics show that China's industrial added value, fixed asset investment, current account surplus and rapid growth of prices of production, the production cost pressures began to increase, GDP growth is overheating, therefore, .At this point interest rate increase, on the regulation and control over China's economic growth rate should be more timely. "Pudong Development Bank, a veteran of the journalist, said many problems faced in the macroeconomic situation, monetary policy is the key. .</ P> <P> He pointed out that monetary policy, including interest rates, deposit reserve ratio, open market operations, rediscount rate, the central bank then loans and credit schemes and other guidance, the ultimate objective of monetary policy is to maintain monetary stability of the currency ., and thereby promote economic growth, achieving the ultimate goal of this intermediate target is the money supply. .</ P> <P> The source pointed out that currently, China's money supply too fast high savings rate, high growth in fixed investment, foreign trade surplus is too large, investment and exports account for a major part of GDP. .The domestic economy from overheating due to ample liquidity in fixed assets investment and external demand, ample liquidity under the current account surplus is derived from a passive reversal of the money supply; external demand and the surplus will correspond from the international division of labor, export .oriented strategy and comprehensive comparative advantage. .It needs to raise interest rates for macroeconomic control. .</ P> <P> Recently, the State Development and Reform Commission Zhu Zhixin, deputy director, said, "China's current macroeconomic situation is: excessive fixed asset investment, excessive issuance of credit, foreign trade frictions." He said in 2006, .in the first quarter, China's GDP growth rate at constant prices by 10.3% year on year, in May, the national industrial enterprises above designated size industrial output grew 17.9%. .He therefore believed that faster growth in some. .</ P>.