久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / View

Lin Yifu: State must control capital

china.org.cn | Updated: 2013-07-15 11:03

Lin Yifu: State must control capital

Justin Yifu Lin, honorary dean of the National School of Development with Peking University and former chief economist with the World Bank.

Editor's note: Justin Yifu Lin, honorary dean of the National School of Development with Peking University and former chief economist with the World Bank, discussed at the China's Opportunities and Challenges academic forum, hosted by the Boyuan Foundation, his views on the ongoing liquidity crisis in Chinese banks, China's economic growth and capital control.

The Wall Street Journal reports that Chinese banks have asked the nation's central bank  to offer more liquidity relief to save the market. Do you think it's necessary for the central bank to do so?

Lin: I did not see or hear any commercial banks pressuring the central bank to increase liquidity provision. I guess these reports are assumptions. As for the position of the head of the central bank, it is his responsibility to maintain the stability of China's macro-economy, its financial system and its order. If the current liquidity shortage proves harmful to the nation's stability, under the circumstances, it is the central bank's responsibility to increase the supply of money.

Recent statistics show that China's economic growth has slowed down. Some people think that this is related to the 2008 4-trillion-stimulus-plan. What's your opinion on this?

Lin: In my opinion, the momentum of Chinese economic growth comes from a troika consisting of trade, investment and consumption. As far as consumption goes, its growth reached 9 percent annually up to last year. Nevertheless, the other two have slowed down in terms of growth speed. Trade has been affected by the slowdown of consumption growth in developed economies which have suffered a severe blow from the global financial crisis that broke out in 2008. For example, last year's export growth was only 7.6 percent, an almost 10 percent drop from the average annual growth rate of 17 percent sustained since 1979.

As for investment, we had a 4 trillion stimulus package in 2008. Most are large-scale investment projects. Nonetheless, investment growth has been very slow compared with that of the other two. For that reason, the troika has been running slower than before. It is simply a periodic problem in the overall economic growth.

Do you mean that the economy will regain a high speed growth in the future?

Lin: I would rather say that it has the potential to do so. Whether it can regain a high speed or not depends on the correct and suitable policies, and a favorable environment for investment and consumption. We need to further our reform.

Previous 1 2 Next

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 久久精品国产三级不卡 | 国产亚洲欧美日韩在线观看不卡 | 欧美亚洲在线视频 | 一级黄片毛片 | 免费一级毛片在线播放放视频 | 天天看片欧美 | 日韩欧美毛片免费观看视频 | 久久欧美久久欧美精品 | 91精品国产欧美一区二区 | 国产一区二区三区毛片 | 国产在线精品二区韩国演艺界 | 精品热线九九精品视频 | 26uuu欧美日韩国产 | 成年人视频在线观看免费 | 国产精品成人观看视频免费 | 亚洲人成网站色7799在线观看 | 国产在线综合一区二区三区 | 免费嗨片 | 欧美亚洲国产成人精品 | 成年男人的天堂 | 国产婷婷成人久久av免费高清 | 欧美一区二区三区免费高 | 酒色影院| 成年人在线看片 | 亚欧视频在线观看 | 国产精品三区四区 | 日韩中文字幕在线观看 | 男人的天堂精品国产一区 | 美女视频永久黄网站在线观看 | 自拍三级| 日本在线观看不卡 | 久久免费精品国产72精品剧情 | 欧美成人高清性色生活 | 午夜精品久久久久久99热7777 | 欧美精品v欧洲精品 | 亚洲欧美日韩中文字幕在线一 | 国产精品一区二区三区高清在线 | 青木玲中文字幕一区二区 | 色拍拍在精品视频69影院在线 | 国产精品美女一级在线观看 | 国产精品18久久久久久久久久 |