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

Key article signals less policy easing in China: UBS

(Xinhua) Updated: 2016-05-10 16:05

BEIJING - A prominent article carried by the Communist Party's official paper has signaled that Chinese authorities may rein in policy easing and stick to reforms, according to Swiss bank UBS.

The article, an interview with a "person with authority" published in the People's Daily on Monday, considered high leverage the root cause of financial risks and an infeasible tool to push for higher growth.

The term "person with authority" is usually reserved for high-ranking officials in People's Daily reports.

The article further confirmed the view that China's policy easing has peaked in the near term, UBS said in a research report.

It noted that the "person with authority" saw a need to abandon reliance on monetary expansion to solve structural problems.

The article came as signs of stabilization have begun to appear in China's economy, with state investment in infrastructure growing and bank lending at a record high.

The recent rebound in China's economic indicators was led by stronger policy support and property activity, which will increase medium-term risks, UBS said.

China's GDP slowed to 6.7 percent in the first quarter, the lowest since the dark days of the global financial crisis in 2009. But a slew of upbeat economic data in March raised hopes for a stronger turnaround than expected.

Monday's article ruled out the possibility of a quick, strong recovery in China, suggesting that the world's second largest economy may tick over at a moderate level for years to come.

The interview also indicates authorities want to "correct the impression that the government has scaled down reform in exchange for more leverage to support growth," said the UBS report.

Supply-side structural reform -- essentially cutting overcapacity and shifting into higher value-added manufacturing -- is "a lifeline for us in avoiding the middle-income trap," according to the People's Daily article.

Reform is a harder path, but a much more sustainable one, the article said.

Despite less policy stimulus expected, UBS believes China will maintain stronger growth in the second quarter of this year as the impact of earlier easing comes through, according to the report.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 超碰在线综合 | 国内偷拍久久 | 黄色三级在线视频 | 一区二区在线观看视频 | 免费观看黄色一级视频 | 97色伦 | 久久综合九九 | 久久久久久久久艹 | 亚洲综合福利 | 久草福利在线观看 | 国内外成人在线视频 | 午夜天堂网 | 日韩乱论 | 国产精品自产拍在线观看 | 亚洲在线观看免费 | 成人小视频免费观看 | 日韩视频在线免费 | 成人亚洲国产 | 日本午夜在线 | 亚洲欧美日韩天堂 | 伊人网视频在线观看 | 久久久欧美精品sm网站 | 日韩第三页 | 欧美综合激情 | 国产美女一区 | 天堂素人约啪 | 免费一级特黄特色大片 | 亚洲精品a区 | 久久免费福利视频 | 天天操天天爽天天干 | 日韩av高清在线观看 | 国产精品免费精品一区 | 成人片在线播放 | 亚洲人成在线观看 | 国产高清在线免费观看 | 亚洲成熟少妇视频在线观看 | 亚洲第一av网 | 亚洲成人av免费观看 | 男女公园野战活春 | 久久视频免费 | 亚洲精品1区2区 |