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

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

IMF: China should cool credit use

By Chen Weihua in Washington | China Daily | Updated: 2017-04-21 07:16

Debt 'manageable', but plan to double economy's size has risks, report says

The International Monetary Fund spoke positively on Wednesday of China's efforts to rein in its rapid credit growth but called for more action to reduce the associated financial vulnerabilities, as the issue is still "very manageable".

In its latest Global Financial Stability Report, the IMF said the world's financial system has become safer and more stable since its last assessment in October.

Tobias Adrian, the IMF's financial counselor and director of the monetary and capital markets department, said China is a key contributor to global growth but has notable vulnerabilities, mentioning that the nation's credit in relation to its economy has more than doubled to 200 percent in less than a decade.

"A credit boom this big can be dangerous. The longer they last, the more dangerous they become," he said.

According to the IMF, China has been an engine for the global economy.

Adrian said Chinese officials continue adjusting policies to limit the growth of banking and shadow banking. "They show some success ... but, in our view, more needs to be done," he said.

Chinese authorities are aware of the issue, he said, adding that progress and success is essential for global financial stability.

The report pointed out that while China has stabilized its near-term growth outlook, its policies to contain leverage and financial risks remain constrained by the authorities' long-term growth objectives to double the average income and size of China's economy by 2020. Achieving this requires ever increasing amounts of credit.

Matthew Jones, assistant director of the IMF's monetary and capital markets department, said the Chinese economy has sufficient buffers to any changing global financial conditions.

Jones also reiterated the importance of addressing the challenges of the rapid rate of credit growth in China. "We think these challenges are very manageable. But there is urgent need for action to ensure they remain manageable by reducing the vulnerabilities associated with rapid credit growth," he said.

While painting a more optimistic view than October's outlook, the report says it is important for the governments of the United States, Europe, China and elsewhere to follow through on investor expectations by adopting the right policies.

This means preventing fiscal imbalances, resisting calls for higher trade barriers and maintaining global cooperation on regulations needed to make the financial system safer, according to the report.

"In the United States, policymakers should ensure that measures to overhaul the tax system encourage companies to invest in new machines, computers and equipment - rather than engage in financial risk taking," Adrian said.

"Emerging markets should focus on strengthening the health of corporations and the banking system. And in Europe, policymakers should tackle the structural causes of weak bank profitability."

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 国产一级淫片a | 91午夜在线| 欧洲av在线| 亚洲第一视频在线 | 国产又粗又硬又长 | 日韩欧美国产综合 | 欧美成人a | 国产精品一区二区在线观看 | 欧美激情一区在线 | 亚洲一区二区三区免费在线观看 | 夜夜操夜夜操 | 涩涩视频在线 | 一起草av在线 | 欧美一级在线 | 欧美久久久精品 | 成人性生交大全免 | 精品久久久久久久久久久aⅴ | 午夜久久久久久久久久 | 自拍偷拍在线播放 | 久久hd | 91高清视频在线 | 亚洲一区二区三区免费在线观看 | 日本午夜免费 | 婷婷网址 | 91少妇| av手机天堂 | 伊人久久影视 | 毛片aaaaaa| 一区二区三区国产在线 | 日韩每日更新 | 免费一级黄色 | 日韩视频一区二区在线观看 | 久久影院午夜 | 亚洲影院在线播放 | 涩涩一区 | aaa成人 | 欧美日韩亚洲综合 | 日本中文字幕在线视频 | 在线天堂中文 | 国产专区在线 | 欧美成在线观看 |