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

   

CHINA / National

China to improve efficiency, not slow growth: analysts
(AP)
Updated: 2006-04-17 15:19

Chinese leaders who say its booming economy is growing too fast want to cut spending on energy-guzzling factories and other wasteful projects, rather than slow its overall expansion, economists said Monday.

President Hu Jintao announced Sunday that the economy grew 10.2 percent in the first quarter _ more than 2 percentage points above the official target _ and said Beijing doesn't want "excessively fast growth." That came after the Cabinet on Friday called for new curbs on bank lending.

But analysts said that instead of higher interest rates or other measures to slow growth, they expect to see targeted efforts to force banks to screen borrowers and to enforce energy efficiency.

"The government has to walk a tightrope, restraining the excessive investment while not undermining overall dynamic growth," said Stephen Green, senior economist for Standard Chartered Bank in Shanghai.

Chinese leaders have warned repeatedly that rapid growth could ignite inflation or leave the country littered with unneeded factories and luxury apartments, causing problems for banks that financed them.

The government target for this year is 8 percent growth, though forecasts by outsiders range as high as 9.5 percent. The economy expanded by 9.9 percent last year.

Amid their warnings, Chinese leaders need to keep the economy surging to replace millions of jobs lost in layoffs at state industry. And the government needs the tax revenues to pay for ambitious plans to develop the poor countryside.

In comments Sunday to a visiting Taiwanese opposition leader, Hu stressed official concern about the "quality and effect of our growth" and about conserving resources.

"They're trying to create a sense of concern so that when the government goes out to banks and local governments and says, 'Here's what you need to do,' there will be some pressure," said Andy Rothman, China macro strategist for CLSA Asia-Pacific Markets.

The latest announcements come at a time when China is awash in a flood of cash from booming exports and foreign investment.

China has piled up the world's biggest foreign reserves, which the central bank says have reached US$875.1 billion (euro723 billion). Most is invested in U.S. Treasury bonds.

On Monday, a state newspaper quoted a deputy chairman of China's parliament, Cheng Siwei, as saying the government should reduce the amount of Treasuries it buys. He said China should channel the money into buying more U.S. goods, which would cut its politically sensitive trade surplus, the China Securities Journal reported.

 
 

Related Stories
 
主站蜘蛛池模板: 欧美一级视频免费 | 久久dj视频 | 日本爽快片100色毛片 | 久久aa毛片免费播放嗯啊 | 成人黄网18免费观看的网站 | 全部毛片 | 日本欧美一区二区三区在线 | 色视频一区二区三区 | 久久国产精品自线拍免费 | 国产美女精品视频 | 韩国一级性生活片 | 特黄a大片免费视频 | 国产精品久久久久久久午夜片 | 欧美a极品极品欧美 | 宅女福利视频在线看免费网站 | 国产成人精品免费视频大 | 久久久青青久久国产精品 | 国产视频久久久 | 精品国产一区二区三区免费看 | www三级免费 | 精品网址| 亚洲最大情网站在线观看 | 久久黄网| 91福利国产在线观看香蕉 | 国产成人综合久久精品红 | 久久久久久久性高清毛片 | 国产精品二区三区免费播放心 | 国产成人久久777777 | 欧美午夜视频一区二区 | 99久久综合狠狠综合久久一区 | 国产主播福利片在线观看 | 免费日本在线视频 | 国内精品福利在线视频 | 99re热视频| 日韩欧美精品一区二区 | 欧美精品一级毛片 | 成人一级毛片 | a毛片久久免费观看 | 免费一级毛片正在播放 | 美女的被男人桶爽网站 | a色毛片免费视频 |