CPI在3.5%以下,GDP增长在8%以上,是推进价格改革的机遇期或窗口期。对于去产能的问题,有些投资者非常悲观,认为中国的产能过剩非常严重,几年内都无法消化,所以企业的利润非常低,经济也无法恢复。这个观点过于悲观。2012年,产能过剩确实存在,但远不如1998年亚洲金融危机时期严重,判断指标有很多,实际上,PPI最有用。 CPI below 3.5%, GDP growth above 8%, is to promote price reform opportunities or window period. Some investors are very pessimistic about the issue of capacity-building. They think that China’s overcapacity is very serious and can not be digested within a few years. As a result, the profits of enterprises are very low and the economy can not be restored. This view is too pessimistic. In 2012, overcapacity did exist, but it was far behind the seriousness of the Asian financial crisis in 1998 with many indicators for judgment. In fact, PPI is the most useful.