From ancient times to the present mobility (1. United Kingdom business) _ Qingyi

History is no coincidence that the coincidence of the phenomenon is always the same talking of nature: the United Kingdom to study liquidity management to date, accumulation in the Central Bank of excess liquidity scale is close to 20 billion yuan, accounting for domestic financial institutions all 40% of the total funds. History, like China is such a phenomenon of excess liquidity, at least, also appears three times, namely in the United Kingdom in the 18th century, the United States in the 20th century, as well as the 17 century Ming dynasty of China. In the Wenchuan earthquake disaster questioning China's current liquidity problems are particularly important for relevance. Very obvious, this earthquake disaster makes the relative poverty of the disaster had become poorer population. How to pass a large-scale reconstruction to rescue the victims there, so that they live on seismic standards higher House, access to safe drinking water, make post-disaster life significantly higher than the level before the earthquake, is absolutely compatriots at 13 issues of common interest. In a wider context, all living in impoverished areas should receive salvation, not wait for disaster to, and then try to sue and labour. This would require massive use of currency, instead continue blindly hoard currency. No exaggeration to say that trying to hoard currency, instead of using the money, not only is today's gap between the rich and the poor in China than any time since the founding of the more serious reasons, also makes China has accumulated a wealth of long-term difficulties confronting shrink. After all, the money is spent, not hoarding. If you accept that Adam Smith's "wealth �� and currency from each side are the same language" this statement, the pursuit of wealth in a process that is the pursuit of money. This original and closed economies is the exception, the latter on the wealth of understanding more reflected life necessities. Since reform and opening up, China's sustained and rapid economic growth in most important engine has always been a trade. In the early days of export, agricultural products in occupies a high proportion to yarn and fabric-based primary textiles export indeed cotton exports, which had greatly contributed to the growth of agriculture in China. As for China's industrial growth, whether original technology introduction, or subsequent to attract foreign investment, and exports from import substitution to alternative changes evident was the strong pull of trade growth. This looks then United Kingdom economic rise to follow is very similar to mercantilism. Yes, history is no coincidence that the coincidence of phenomenon always have the same nature. According to the understanding of mercantilism, balance of trade, that is exactly equal to the import-export trade, and cannot increase a country's currency or wealth. Of course, the trade in value is always balanced, a country's import must be consistent with their export, except that the value of the imported goods is greater than the value of the goods for export, you must export a considerable amount of money to fill the gap between the two. In this case, the currency of exports, resulting in a loss of national wealth. Conversely, a country's goods exports is greater than its imports, trade balance in value will request it in the relationship between imported goods at the same time imports considerable amount of money. Thus, currency of import will form a national wealth flows. Next, if a country's trade position in the long term, along with the currency trade surplus of hoarding, excess liquidity problems will arise. It goes without saying that China's current situation. China's liquidity situation to the end of March 2008, the excess of the central banks are hoarding liquidity scale is close to 20 billion yuan, accounting for financial institutions of all funds of the total but 40%, China are facing liquidity problems despite very serious, but it can't say is unprecedented, and certainly not unique in the world. History, around the world, like China at present such excess liquidity in found at least three times, namely, the United Kingdom in the 18th century, during the 1970s the United States, as well as 17 century Ming dynasty of China. History is a mirror. In this article the following text, we will find the four major causes of excess liquidity is almost the same, are the result of the trade imbalance, only occur in the United States that an excess liquidity is relatively unique number. It should be said that this is not what discoveries. Even from the real sense, understanding the causes of excess liquidity, seems to be irrelevant. However, if we find that occurred in the United Kingdom of excess liquidity is actually the most important 18th century industrial revolution; in the cause of the United States of excess liquidity was born and grew up there for the world's largest cause of derivative markets, which fills in the United States economy low savings rate gap, maintain there after industrialization era of sustained economic growth; whereas, in the 17th century the Chinese Ming dynasty of excess liquidity should be social unrest and even the changes of the origin, so that from ancient times to the present problems of excess liquidity would have to be addressed, particularly important practical significance. ........ 18th century United Kingdom causes of excess liquidity on the import of two restrictions, as well as to encourage the export of four, the United Kingdom in early trading as the Western world's most successful enrichment machine. Although not so reluctant, but China's current trade policy or its surprisingly similar. ...... As the founder of macro-economic theory, Keynes harped said: foreign exchange reserves is not to hoard but rather to use. I don't think this is just the experience of the United Kingdom, and China's Chen Yun economics also emphasized the relationship between accumulation and consumption. Both Keynes alive, or Chen Yun alive, I believe the two sages are urged today's Chinese economic policy should be "more of less," disposal for trade growth and ongoing liquidity (later to be continued).