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

Make me your Homepage
left corner left corner
China Daily Website

Boao forum experts warn of further debt crisis

Updated: 2013-04-09 13:37
(Xinhua)

BOAO, Hainan - A fresh debt crisis may break out in the short or medium term, economic experts have warned at the Boao Forum for Asia, which opened on Sunday in South China's Hainan province.

The world's major economies are faced with grim economic prospects, with looming uncertainties for the Eurozone and rising levels of debt risks in the United States and Japan, said forum delegates, adding that further crisis may also haunt emerging economies including China.

Crisis spreads

They discussed how the prolonged Eurozone crisis - accented by the recent sovereign debt and banking crunch in Cyprus, where large bank depositors were forced to take a sizeable loss to recapitalize the country's banking system - showed the bloc of countries are still at an economic impasse.

Gary Parr, deputy chairman of global investment bank Lazard Ltd, said many European countries are now suffering financial crises, and these problems are spreading from one country to another.

The zone's banking system is still crippled by inadequate capital, and the European Central Bank is not a powerful regulator, according to the investment banking veteran, who stressed that unified regulation is needed for repairing market confidence.

Boao forum experts warn of further debt crisis

Tom Byrne, director of analysis for Moody's Sovereign Risk Group in the Asia and Middle East regions, agreed that more work needs to be done in the Eurozone to eliminate systemic obstacles.

The entire bloc should act like Germany, ushering in structural reforms to revive growth and restore market faith, Byrne said.

Furthermore, the Eurozone crisis is only one link of a more extensive debt crisis, noted Zhang Qizuo, an economist working on the strategic development of the G20 and emerging economies.

Both Europe and Asia are linked by the same chain, Zhang said, adding that the crisis in the Eurozone will have an impact on China's real economy, stock market as well as the real estate sector.

Echoing Zhang's remarks, Byrne also said that the Eurozone crisis may be transmitted to the rest of the world.

Euro assets, held by governments outside the zone and commercial banks around the world, would shrink, and major financial markets would have to take the strain for embattled Eurozone banks as they cut their overseas businesses, the Moody's analyst explained.

A foreseeable fiscal austerity in Eurozone member states may send them into long-term recessions, affecting other countries' exports to Europe and stagnating economic recoveries, Byrne added.

China's risks

Apart from external risks, China is now threatened by a growing scale of local government debt.

"China's local government debt, which expands in the form of shadow banking, is a negative, alarming phenomenon," said Hu Shuli, editor-in-chief of Chinese business publication Caixin.

Previous Page 1 2 Next Page

 
 
...
主站蜘蛛池模板: 欧美色图另类图片 | 欧美亚洲一区二区三区四区 | 久久公开视频 | 久久艹国产 | 免费观看毛片网站 | 亚洲精品三级 | 在线观看视频福利 | 一级黄色大毛片 | 欧洲中文字幕 | 久久最新视频 | 五月天色网站 | 插菊综合网 | 成人国产精品久久久网站 | 黄色a级大片 | 日韩中文一区二区 | 久久午夜伦理 | av在线首页| 国产色中色| 偷拍欧美亚洲 | 91成人免费网站 | 亚洲无遮挡 | 国产伦理久久精品久久久久 | 天天综合精品 | 香蕉福利视频 | 精品欧美久久 | 国产又大 | 热热99| 国内精品久久久久久久久久 | 在线看av的网址 | 日韩在线视频不卡 | 国产中文在线视频 | 97国产精品人人爽人人做 | 国产午夜免费视频 | 亚洲激情视频 | 欧美a一级片 | 成年人在线免费看片 | 一区二区三区视频免费在线观看 | 国产69精品久久久久久久久久 | 日韩欧美视频在线播放 | 一级特黄aa大片欧美 | 色综合天天操 |