日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Economy

Warning issued over global economy risks

By WEI TIAN (China Daily) Updated: 2012-12-25 03:36

A sluggish global economy will pose challenges and policies must be tailored to address the risks, a top think tank said on Monday.

"The global economy will experience low growth, at best, over the next few years," said Zhang Yuyan, director of the Institute of World Economy and Politics at the Chinese Academy of Social Sciences.

The academy's latest report, The World Economy Analysis and Forecast, put global growth for 2013 at 3.5 percent.

The forecast by major international institutions, such as the World Bank, International Monetary Fund, and the United Nations, put global growth rates between 3.6 and 4 percent in 2013.

Zhang said the forecast was due to concerns over the "fiscal cliff" in the US, the eurozone crisis and growing trade protectionism.

The fiscal cliff refers to tax increases and spending cuts that will automatically kick in at the beginning of 2013 if a budget agreement is not reached.

"If the US falls off the fiscal cliff it will enter a full recession and pose a major threat to the global economy.

"Even if it successfully avoids the cliff, it will adopt further easing measures that will lead to excessive global liquidity, which will push up inflation in other countries," Zhang said.

The academy report forecast that the US economy will rise slightly from 2.4 percent in 2012 to 2.5 percent in 2013.

Zhang said most developed economies will face the challenge of "Japanization", high debt and an aging population.

This could result in growing protectionism, he said, and China may be its major victim.

The report also focused on the shrinking US trade deficit. It has fallen from 6 percent of the GDP in 2006 to an estimated 3.1 percent in 2012.

The trade surplus in China may be lowered to 2.3 percent of its GDP this year from 10.1 percent in 2007. Sun Jie, a senior research fellow with the academy, said the trend for both countries will continue over the next year.

Fan Jianping, deputy director of economic forecast at the State Information Center, another government think tank, wrote in a report that China faces three possible scenarios.

In the basic scenario, Fan said, growth will be 8 percent in 2013 if issues like the eurozone crisis and fiscal cliff are properly handled.

Growth, in the second scenario, may even reach 9 percent if the global trade environment improves.

The worst scenario would involve the US falling off the cliff and the eurozone crisis remaining unsolved.

Contact the writer at weitian@chinadaily.com.cn

Related Readings:

China remains an 'engine' in global economy

China: 'bigger role in global economy'

CPC congress to impact on Chinese, global economy

China's green shift a boon to global economy

Trade is tool to fix global economy

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 操操操网站 | 少妇又色又爽 | 手机av网址| 神马午夜激情 | 可以在线观看的av | 亚洲第一区在线 | 天天草天天操 | 亚洲一区二区影院 | 午夜视频在线播放 | 超碰10000| 久久av一区二区三区亚洲 | 久久青青热 | 亚洲区精品 | 亚洲成人av免费 | 天天撸夜夜操 | 欧美爱爱视频 | 色吊丝网站 | 超碰加勒比 | 午夜视频免费看 | 日韩黄色片子 | 国产精品视频免费观看 | 国产片一区二区三区 | 欧美三极片 | 久久av一区二区三区亚洲 | 黄色三级在线视频 | 欧美美女一区二区 | 香蕉茄子视频 | 天天碰天天摸 | 三级理伦 | av有码在线观看 | 久久99国产综合精品免费 | 一级aaa毛片 | 天天干在线观看 | 一级特黄色大片 | 人人超碰在线 | 欧美日韩小视频 | 最新日韩av在线 | 欧美三级日本三级 | 精品久久一 | 欧美亚洲在线视频 | 欧美a在线播放 |