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

Timetable for reform

By Andrew Moody (China Daily) Updated: 2014-03-21 08:16

Timetable for reform

China has to restructure its economy in a way that growth doesn't dip

How long does China have to change its economic model before it runs into trouble?

In a new book, Michael Pettis, professor of finance at Guanghua School of Management at Peking University, says it has three years at the outside.

Timetable for reform
New urbanization planambitious: Analysts
Timetable for reform

He argues that the return on investment in infrastructure and other projects is no longer covering the cost of finance and just adding to China's debt burden, which could result in economic growth suddenly collapsing.

Economic reform is certainly uppermost on the Chinese government's agenda.

At both the Party's Third Plenum at the end of last year and at this month's National People's Congress and the Chinese People's Political Consultative Conference, policies were laid out that, if successfully implemented, would rebalance the economy from investment toward consumption.

These included such measures as interest rate liberalization, which could redistribute capital from the state to the private sector, tackling the over-dominance of state-owned enterprises in the economy and reform of the hukou, or household registration system, allowing workers and their families to have access to higher-paid jobs in cities.

To what extent the Chinese economy is under the sort of strains that Pettis outlines in Avoiding the Fall: China's Economic Restructuring, which the Financial Times selected as one of the most important economics books of the past 12 months, remains to be seen.

Certainly debt is an issue with local government debt alone soaring 70 percent during the past three years to $17.9 trillion yuan ($2.9 trillion; 2.1 trillion euros), according to official figures.

Some such as Charlene Chu, formerly senior director of ratings agency Fitch & Co, have warned that China's 4 trillion yuan stimulus package in the wake of the financial crisis could cause serious problems for China's banking sector.

Timetable for reform

Timetable for reform

Deepening reforms can help China tackle challenges

FDI registers healthy growth

Previous Page 1 2 3 4 5 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 神马久久久久 | 蜜桃av在线播放 | 久久综合一本 | 国产高清在线免费观看 | 久久久久人 | 人人揉人人 | 久久视频免费观看 | 久久久在线观看 | 亚洲国产精品激情在线观看 | 99视频一区二区 | 波多野吉衣一区二区三区 | 国产日产亚洲系列最新 | 精品成人一区二区三区 | 亚洲免费在线视频观看 | 欧美午夜精品久久久久久人妖 | 欧美bbxxx | 国产另类精品 | 亚洲永久视频 | 欧美日韩a | 精品福利一区 | 亚洲国产婷婷 | 成人午夜视频免费看 | 99久久综合| 色超碰 | 欧美手机在线视频 | 亚欧精品在线观看 | 在线播放成人 | 黄色国产在线 | 免费观看av的网站 | 黄色成人一级片 | 99热在线播放 | 99青青草 | 一级黄色av片 | 中文在线观看免费网站 | 成年人在线观看免费视频 | 中国三级视频 | 另类一区二区三区 | 欧美日韩午夜 | 一区二区三区国产精品 | xxx一区二区 | 中国一级黄色录像 |