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 / Markets

Transition or trend? Financial difference will be crucial issue

By Jiang Xueqing (China Daily) Updated: 2014-07-01 07:38

Transition or trend? Financial difference will be crucial issue

Workers set up scaffolding at a construction site in Jiujiang, Jiangxi province. China should be disciplined about GDP growth as it transforms its pattern of economic growth, experts say. ZHANG HAIYAN/CHINA DAILY

'Nation needs to be disciplined as it transforms' its growth pattern, economist says

China should be disciplined about GDP growth and not overuse available leverage, which can cause distortions, or revert to old growth patterns, especially post-crisis growth patterns, said Michael Spence, professor of economics at the Stern School of Business at New York University and a Nobel laureate in economics.

"If growth dips below 7 percent, the markets will be a little scared, but the reason is either they don't have the information or they don't process it to be able to tell whether it's a transition or a trend.

Transition or trend? Financial difference will be crucial issue
Chinese premier rules out economic hard landing 
Transition or trend? Financial difference will be crucial issue
China needs sustainable growth: IMF Secretary 
"A trend means the economy keeps going down. A transition means it's a low, and growth will return with a more sustainable pattern," Spence said during an interview on the sidelines of the Jinjialing Fortune Forum 2014 held in Qingdao, Shandong province, on June 21.

He said China's leaders anticipated an economic slowdown to 7 to 7.5 percent, and they are still on target.

"If you look at middle-income countries that slow down, it's almost always because they try to keep the old growth model. It will not work anymore," he said.

The old growth model was high investment, he said, and the demand in China that will enable growth has to shift in a much more targeted way to the domestic side.

The tradable sector of the Chinese economy is not much of a growth engine now, because the rest of the global economy - especially the big importers - is growing slowly.

The government can crank up investment anytime it wants and boost domestic demand. The problem is if the returns on that investment are low, it will not generate growth, just demand, he noted.

"China is at the point where financial sector reform and other things are going to increase discipline on the investment side," Spence said.

He pointed out that it is perfectly legitimate to have more than what the People's Bank of China calls a "

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 久久视频在线免费观看 | 超碰在线免费播放 | 黄色一级免费网站 | av男人在线 | 免费精品视频 | 国内精品久久久久久 | 一级片免费在线观看 | 亚洲国产精 | 亚洲成人一区二区三区 | 欧美高清一级 | 97视频在线观看免费 | 麻豆黄网| 国产美女一区二区三区 | 国产午夜一级 | 国产精品国产三级国产 | 少妇高潮一区二区三区喷水 | 国产日韩91| 日韩欧美亚洲一区二区三区 | 日韩中文在线播放 | 91成人小视频 | 一区二区视频网站 | 蜜桃天堂| 日本精品久久久久久久 | 国产日 | 99r精品 | 女优一区二区三区 | 国产午夜精品久久久久久久 | 手机看片欧美日韩 | 在线视频麻豆 | 中文字幕在线字幕中文 | 岛国av网 | 亚洲欧洲日本在线 | 亚洲精品视| 国产在线中文字幕 | 亚洲理伦 | 日韩一区二区在线观看视频 | 91网站在线看 | 91中文在线观看 | 欧美大黄视频 | 在线超碰av| 在线a网|