1.目前的7.5%增速是建立在货币超发基础上的。2014年上半年,社会融资规模已经突破10.57万亿元,创历史最高水平;上半年广义货币供应量(M2)增长了14.7%。预测表明,全年广义货币供应量(M2)增长将达到14.2%,远远超过年初制定的广义货币供应量(M2)增长13%的目标,也高于2013年13.6%的增速,2014年的货币超发,将使2014年在经济增长减速的同时,通货膨胀率上升。如果2015年继续实行微刺激政策,势 1. The current 7.5% growth rate is based on the excess of currency. In the first half of 2014, the scale of social financing exceeded 10.57 trillion yuan, the highest level in history; the broad money supply (M2) increased by 14.7% in the first half of the year. The forecast shows that the annual M2 growth will reach 14.2%, far exceeding the target of 13% growth of M2 in early 2013 and 13.6% in 2013. In 2014 Overvalued currency will make the rate of inflation rise in 2014 while economic growth is slowing down. If 2015 continue to implement micro-stimulus policy, potential