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

China anxiety an unwarranted global malaise

(Xinhua) Updated: 2015-08-26 13:26

BEIJING - After China's steep fall in stock markets touched off a global selloff on Monday, those who hyped about an imminent "collapse of China" years ago are now predicting "the great fall of China."

Their gloomy outlook has drawn much attention worldwide, given China's economic challenges in the current rebalancing period. But such skepticism over China's economic achievements is not new; only that part of the China distrust has now morphed into China anxiety.

Monday's turmoil in the global stock markets represents a remarkable trend: the global economy is closely tied to Chinese performance. When China sneezes, the world could catch a cold. When China thrives, the world has much to hope for.

One of the difficulties China faces in its rise, nevertheless, is mounting international pressure -- almost in every aspect. From macroeconomic management to private firms, the Chinese economy is being scrutinized for errors and loopholes. Some criticisms are well justified, but a lot are simply baseless speculations.

For example, the surprising devaluation of the Chinese currency, the yuan, two weeks ago was at first erroneously interpreted as a desperate effort to prop up China's GDP growth through exports. Some even projected an ensuing currency war, or competitive devaluations across the world. But the yuan quickly stabilized in three days.

As the Chinese central bank said, the move was just a step further in its exchange rate reforms. To make the exchange rate mechanism more market-oriented, the yuan needs to be cheaper against other major currencies. China's exporters would certainly benefit from the slide, but Beijing doesn't intend to boost up growth through exports.

The Chinese economy is in the middle of a significant transition. The old path of investment-led and export-driven growth is no longer viable. What China needs at the current stage is deeper structural reforms and a fairer say in the global financial system.

The "Black Monday" in the global stock markets witnessed a familiar overreaction to Chinese movements. Many investors panicked and rushed to link China's A-share slump to signs of some kind of distress, ignoring the fundamental side of the Chinese economy.

Unlike in most of the developed economies, the equity market only accounts for a small share of Chinese wealth. A sharp fall in the Chinese stock market has a limited impact on the overall economy.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲欧美另类在线 | 亚洲视频欧美 | 国产激情视频在线 | 国产极品久久久 | 亚洲精品中文字幕在线观看 | 久久影视中文字幕 | 日本在线视频一区二区 | 久热av在线 | 国产精品99久久久久久动医院 | 午夜资源| 好吊色视频在线观看 | 中文字幕av一区 | 8x8ⅹ国产精品一区二区 | 国产精品私拍 | 日韩手机在线观看 | 黄色片久久久 | 免费啪视频在线观看 | 久久国产精品视频 | 91精品久久久久久久久久久久 | 欧美黄色激情视频 | 深夜福利成人 | 黄色777| a天堂在线资源 | 成人在线免费观看视频 | 日本成人一级片 | 国产福利在线播放 | 亚洲视频网站在线观看 | 特级做a爱片免费69 欧美色图自拍 | 国产福利小视频在线观看 | 免费成人美女女在线观看 | 久热中文 | a视频在线播放 | 超碰97国产 | 亚洲天堂8 | 日韩欧美一二三 | 开心春色激情网 | 草久久久 | 免费超碰 | 美女精品一区 | 好看的av在线 | аⅴ天堂中文在线网 |