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: 99热国内精品 | 看av网址 | 亚洲欧美高清 | 人人综合 | 国产精品情侣自拍 | av黄色免费网站 | 欧美激情精品久久久久久蜜臀 | 一本一道av| 欧美一区久久 | 欧美成人三级在线 | 国产成人免费 | 四虎影院污 | 国产精品久久久av | 视频在线一区二区 | 亚洲69视频 | 欧美午夜精品一区二区蜜桃 | 在线看黄色av | 国产高清在线观看 | 亚洲3级 | 久久久久在线观看 | 91www在线观看 | 日韩精品视频在线 | 蜜桃精品久久久久久久免费影院 | 欧美a在线播放 | av网在线| 欧美三级美国一级 | 亚洲一区二区三区在线免费观看 | 91黄色免费看 | 97免费 | 亚洲另类视频 | 超碰中文字幕在线 | 你懂的在线免费观看 | 免费网站看av | 免费看黄色一级视频 | 国产午夜精品久久久久久久久 | 亚洲黄业 | 亚洲a一区| 日韩天堂在线观看 | 午夜免费播放观看在线视频 | 国产精品mv| 日韩国产在线观看 |