刺激政策有时会产生负面效应,政府干预可能会对市场正常的自我修复带来障碍,但当前经济是否需要刺激,主要的判断标准,一是否触及或穿破底线,这是一个重要的政府调整的临界值;二是前瞻性地观察,未来经济下行趋势、风险是不是一定会出现,非预期因素的影响以及下行压力如何。从目前判断,整体经济还没有触及底线。原因是虽然1-4月份中国经济相对表现低迷,但就业状况并未全面恶化,整个经济下行速度还在可控范围内。我们要把握经济运行的要点,虽然CPI有所回落,但核心CPI相对稳定。CPI回落主要是因为食品价格,猪肉和蔬菜价格有偏高倾向但 Incentives sometimes have a negative effect. Government intervention may bring obstacles to normal market self-repair. However, whether the current economy needs to be stimulated, the main criteria for judgments, whether or not it touches or penetrates the bottom line is an important government adjustment The second is to prospectively observe the future economic downturn, the risk is not necessarily occur, the impact of unintended factors and downward pressure on how. Judging from the current situation, the overall economy has yet to reach the bottom line. The reason is that although the relative performance of China's economy was sluggish in January-April, the employment situation did not deteriorate completely and the entire economic downturn was still under control. We must grasp the main points of economic operation, although the CPI has dropped, but the core CPI is relatively stable. CPI dropped mainly because of food prices, pork and vegetables tend to have high prices