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Page Cycle of policy-driven page the hands have rope p foreign demand under the production cycle Page domestic demand and changes in cycle No Industry-driven three-gear No trade boom is mainly affected by macro- side effects such as the economic cycle is a constant are subject even though each round of the economic cycle has its own unique but there are obvious similarities Investors need to do is to identify the economic cycle rotation according to changes Jimmy choo in market conditions to adjust the asset allocation thereby enhancing the return on investment billion in the country the right to use U S trademark dispute settlement puzzle -year or permanent Pick up the property market is facing the central bank officials suggested that the pilot pseudo-deposit interest rate floating the Chinese anti-monopoly sector or involved in potassium acquisition Fed approval to purchase of shares Morgan Stanley China Airlines was ordered suspended for seven years the silver fashion jewelry war in Iraq shocked the moment out of deposit interest rates go up on paper embarrassed The maximum expected profit and avoid major losses of investors the identification of market peaks and troughs in the future is important but the global economic downturn since the signs that the economic cycle and the relationship between asset performance has never been so close Economic cycle is a topic of constant are all kinds of assets are good times red bull hats and bad performance when investors have to do is according to changes in market conditions to adjust the asset allocation thereby enhancing the return on investment Mitchell according to economists the definition of the economic cycle is the main commercial and industrial enterprises of national overall economic activity fluctuations In Babson made the market because of varying degrees of friction resulting in its business cycle correlation between the different financial markets there is almost no friction ugg boots uk sale as an economic forecast by From a historical point of view in each round of the economic cycle monetary expansion is often yes recovery forward in the rational economics Renjiashexia the Zi Chan inventory capital Kaizhi case money Zongshishouxian flow resistance the smallest place that is assets On the industry similar conclusion can be different levels of trade frictions in the economic cycle the performance of different timing But these are only one aspect of things designer handbag the stock is to discount future events from this sense the stock market really can be seen as a barometer of the economy the other hand a barometer of the stock market has come from the economic cycle expected therefore also has investments in the economic cycle based on logic Extensive research has been confirmed at home and abroad this and have found that in the process of economic fluctuations the industry s performance in the ugg short stock market will show a remarkable round of action rules Such as Merrill Lynch Investment Clock proposed theory that the stock market during the economic boom of technology industry energy pharmaceutical and consumer packaged goods industries will surpass the performance of the market in the economic recovery consumer durables telecommunications technology cyclical industries such as financial performance will be significant China is an emerging economy in its economic development and the cycle of manifestations long-term sharp sheepskin boots growth and Kuaisu the Hangyejiegou change and health Zhe Zhong Lun moving Bansui characteristic of economic growth reflects China s economic cycle Yuzhongbutong the driving force The three most important aspects is the policy export and domestic demand years of reform and opening up China is the driving force in the next three experienced Zhangzhangduanduan the cycle the classification of the cycle there are a number of ways the key is to be able to invest ugg boots in guiding significance View from the top three drivers of China s economic cycles economic cycles can be classified as recovery prosperity recession and depression At different times the main drivers of the economy are changing Among them the recovery and recession the impact of policies more prominent while the booms and busts of the major changes required from the outside Cycle of policy-driven China s most prominent feature of economic fluctuations is that often driven moncler jacket by policy and impact Many countries in the hands of the rope the central bank other government departments also Among them the central bank in the hands of the rope including deposit reserve rate discount rate deposit and lending rates and the amount of such loans more than guidance other government departments in the hands of rope include tax land a number of approvals The thickness of each rope pulling power of different can affect the P90X economic sphere are also different If the mortgage Qizhe early and two percent down payment lending rate policy has greatly stimulated the proportion of the real estate market annual sales of commercial housing area of million square meters more than growth in even more than million in square meters At the same time commercial housing sales up trillion yuan up compared with while in this number has only billion The average price of dollars in the ugg chestnut boots average house price is times in Preferential mortgage real estate and building materials also brings related industry rebound Another example of the second half of heavy industry began to increase infrastructure investment RMB loans increased for consecutive months to September reached respectively total fixed asset investment growth from in to M -year growth rate has been about First quarter of the government began a large-scale credit control then the second and third quarter guidance of new ugg highkoo loans the central bank reference each reduced billion yuan down three quarters of the rapid growth of M almost percentage points down from the beginning of the year M growth has fallen year on year to down percentage points GDP growth were suppressed in up only percentage point increase over the previous year instead of every year as did the previous two years nearly one percentage point increase Next Writer Xia Chun Source Securities Market Weekly Editor Zhang Chunjie