I think China to loosen policy sooner rather than later. "Frank Gong

Recently, the JP Morgan Asia Pacific managing director Frank Gong pointed out that the opportunity to lower the deposit rate by the end, along with the deposit and reduction in the rate of the a-share market is expected to raise a couple of the great bull market, not just the wave of the rally. Deposit rate cut could lead to a bull market the old republic power leveling, "China's stock market rises there's nothing wrong. "Frank Gong believes China's much-needed development of direct financing and fundingThis market, which requires stock tie and the effect of making money, agricultural products in stock market development can avoid idle speculation, avoid capital flows are very reluctant to see the Government's housing market. "In the global economy rapidly deteriorating situations, I think China to loosen policy sooner rather than later. "Frank Gong, rapid worsening of the current European debt crisis had already spread to Germany, the European purchasing managers ' indexFar below the 50% recession and economic boundaries. He also stressed that China's economy is a downstream manufacturing economy, commodities for China is cost. If the global economy is not good, very low pressure of commodity resources swtor power leveling, this is a very good economic growth opportunities. I often speak of crisis of the world, China, issues around the world, United States Europe's economic growth problems, Commodity resource does not come up. Very cheap commodity resource environment, which is positive on China's economy is very important. He believes that next year the inflation rate will return to below 4%, GDP at around 8.3%, in this case reserve at least from the current 21% to 18%. If the reserve ratio cut occurs and may be a good few yearsThe great bull market, not just the rally. Bullish on financial, medical and Metro specific to an industry stocks, said Frank Gong, often in the near future to promote the two tectonic plates, one is the financial sector, is a medical, pharmaceutical industry, along with associated arising from Metro investment sector. "Financial industry not just a cycle industry, there is a long-term growthPotential of a sunrise. "He represents the current Financials valuations are very low, overall GDP proportion of service industry in China at present is 42%, over the next decade China GDP rose from $ 6 trillion to us $ 24 trillion, value-added space is so great that services proportion is expected to rise to 60%, while financial services are services of the Board. In addition, compared to United States direct financingProportion of the total financing of 60%, this proportion is only about 20% in China, there is a huge space for development. Other industries are medical and pharmaceutical industry, he believes that is likely to repeat the glory of ten years of real estate. Current medical, pharmaceutical industries account for 3% proportion of GDP in developed countries usually in-15%. He is also optimistic about Metro investment in traditional industries sector。 Suggested that MTRC's investment is of green environmental protection, investment, reduces road car, addressing road congestion problems.