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: 免费观看欧美一级片 | 爱爱亚洲 | 日韩一区国产二区欧美三区 | 一区在线免费 | 色综合久久久久久久 | 国产手机在线视频放线视频 | 欧美透逼视频 | 国产偷怕自拍 | 亚洲欧美人妖另类激情综合区 | 久久久国产亚洲精品 | 男吃女下面刺激视频免费 | 国产综合成人久久大片91 | 亚洲精品综合在线 | 国产亚洲精品久久综合影院 | 亚洲品质自拍视频网站 | 在线精品国产一区二区 | 日韩综合 | 日韩欧美在线精品 | 亚洲精品一区二区三区四 | 国产成人亚洲精品 | 国内精品久久久久影院不卡 | 99re在线视频精品 | 视频二区 中文字幕 欧美 | 亚洲精品国产第一区二区三区 | 国产一级片免费 | 中文字幕一区二区三区在线观看 | 欧美性videofree精品 | 2022久久免费精品国产72精品 | 亚洲第一成年网 | 国产精品亚洲综合网站 | 成人毛片一区二区三区 | 一级毛片国产 | 日本人成免费大片 | 国产欧美日本亚洲精品五区 | 老头巨大粗长xxxxx | 永久免费观看午夜视频在线 | 精品国产亚洲一区二区三区 | 日韩三级黄色片 | 久久久久日韩精品无 | 97视频免费上传播放 | 欧美成人看片一区二区三区 |