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

   

Greenspan sees dramatic drop in Chinese stocks

(Reuters)
Updated: 2007-05-24 09:11


Former Chairman of the Federal Reserve Alan Greenspan (L) and U.S. Treasury Secretary Henry Paulson attend the Conference on U.S. Capital Market Competitiveness in Washington March 13, 2007. [Reuters]

Former U.S. Federal Reserve Chairman Alan Greenspan said on Wednesday he feared a "dramatic contraction" in Chinese stocks but said the global economy may be able to shrug off a drop in asset prices.

Addressing a meeting in Madrid via teleconference, Greenspan said the recent boom in Chinese stocks could not last.

"It is clearly unsustainable," he said "There's going to be a dramatic contraction at some point."

The main Shanghai index has nearly tripled in past year and is up 56 percent so far in 2007.

Greenspan also said a correction could cause problems for Chinese personal wealth. Some analysts have speculated that the Chinese government could be tempted to dip into its reserves to bail out any stung investors and avoid social unrest.

Greenspan, who stepped down as Fed governor last year, said cheap Chinese imports were one of the elements stoking world growth, along with Eastern European workers and the knock-on effects on lower inflation and rates.

"In the last five years, the world as a whole is a growing faster than at any time in the world's history," he said. "It can't last and it won't last because it's a one-shot adjustment."

Greenspan said asset prices around the world could fall but that the economy may escape unscathed if it were flexible enough to absorb asset price shocks.

"We will get major declines in certain levels but it need not feed back significantly to levels of employment or the real economy," he said.

Earlier this month, Greenspan reiterated that he believed there was a one-third chance the U.S. economy, the world's largest, would slip into recession this year.

On Wednesday, he said the United States had no problem financing its current account deficit.

"I am ... not particularly concerned about the current account deficit per se. I think that is essentially a market force," he said, adding that the budget deficit worried him more.

Asked about oil prices, which rose strongly last year and were around $70 a barrel on Wednesday, Greenspan said: "The problem of crude oil is not that we're peaking or running out of oil, we're not, the problem of oil is access."

He saw difficulties ahead for world energy markets over coming years if geopolitical issues continued to plague major suppliers and investment remained at insufficient levels.


(For more biz stories, please visit Industry Updates)



主站蜘蛛池模板: 中文字幕在线资源 | 欧美三级三级三级爽爽爽 | 欧美一级一级 | 夜色综合 | 免费看黄在线 | 亚洲在线中文字幕 | 91伊人久久 | 国偷自拍 | 亚洲国产精品99久久久久久久久 | www欧美色| 久久国产网 | 天天天天天天天操 | 国产传媒一区二区三区 | 欧美黑人狂野猛交老妇 | 亚洲tv在线 | 久久美女免费视频 | 精品毛片在线观看 | 香蕉视频影院 | 一区二区欧美视频 | 怡春院欧美 | 免费成人高清视频 | 黄色av网址大全 | 深爱五月网 | 天天躁日日躁狠狠躁av麻豆男男 | 一区二区三区四区视频在线 | 免费av在线网站 | 亚洲va韩国va欧美va | 久久精品91 | 国产片一区二区三区 | 久久久久网站 | 午夜视频国产 | 麻豆网站在线观看 | 毛片在线免费 | 黄色国产网站 | 日韩一二三四五区 | 永久免费看成人av的动态图 | 手机在线亚洲 | 国产三级在线播放 | 在线国产一区二区三区 | 91精品国产综合久久久久久 | 四虎在线网站 |