日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Chinese economy to rebound back in positive territory, says Pakistan's former central banker

Xinhua | Updated: 2020-04-24 13:12
Share
Share - WeChat
Resident buildings and offices are seen in Shenzhen, South China's Guangdong province, Sept 6, 2019. [Photo/Agencies]

ISLAMABAD -- The Chinese economy would gradually return to positive territory after reporting negative GDP growth for the first quarter, according to Yaseen Anwar, a former governor of Pakistan's central bank.

Commenting on the 6.8 percent year-on-year drop China officially announced in its gross domestic product in the first quarter of this year, the banker said the reported January-March period was "the peak time of the (COVID-19) outbreak, but China has a robust economy and with the restart of the economic activity, the country will go back to a positive trajectory, gradually."

While coordinated efforts guided by government policies are expected to help the Chinese economy recover quickly, Anwar said, "the greatest achievement of China lies in controlling the virus spread in a timely manner."

This achievement, he said, "is the greatest victory for its economy because after defeating the virus things have already started getting back into place, unlike the developed countries who are still struggling to control the disease's spread."

China's manufacturing sector has already rebounded, helping maintain jobs, Anwar said.

"China has very huge resources at its disposal and which have not been utilized to its optimum potential, and the fiscal resources will be used in its toolkit that will involve tax reductions and other bond issuance necessary for meeting the country's expenditures," Anwar said.

"On the monetary side, China has huge resources of the People's Bank of China, and those related to the open market operations of reducing its reserve requirements for the banking sector," Anwar said.

He said he believes that "These both fiscal and monetary measures will be used actively to rejuvenate those areas where aggregate demand or consumption will be stimulated again."

Concerning a low demand for Chinese products due to lockdowns worldwide, the expert noted that at the moment the slowdown of global demand is impacting the Chinese economy and will also impact its current account that has been in surplus for years.

"The demand from the rest of the world will be slowing down so its exports will be hurt. However, the positive side is that the oil price has taken a big hit and China is a large importer of oil, and as a result, its costs will be lower in terms of input costs for oil-related products that it is needed for its manufacturing sector," Anwar said.

He said he thinks that "the Chinese economic structure is still going to be very competitive in terms of this low-cost production."

"China being the factory to the world holds a great value right now" as "China's opening up gets faster," he said.

Top
BACK TO THE TOP
English
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
CLOSE
 
主站蜘蛛池模板: a视频在线免费观看 | 嫩草视频在线播放 | 成人免费视频网站在线观看 | 亚洲网站免费观看 | 成人在线一区二区 | 91高清视频在线 | 午夜午夜精品一区二区三区文 | 欧美日韩综合视频 | 男女污污无遮挡免费观看 | 欧美日韩精品一区二区三区蜜桃 | 色综合天天综一个色天天综合网 | 婷婷色在线视频 | 四虎影院新地址 | 久久精品一本到99热免费 | 日韩精品久久久久影院 | 国产成人在线视频播放 | 亚洲精品美女久久久 | 天天爽天天操 | 成在线人免费视频 | 国产欧美一区二区成人影院 | 欧美鲁 | 日韩看片 | 久久伊人中文字幕有码 | 国产浮力第一页 | 免费视频拗女稀缺一区二区 | 亚洲欧美国产一区二区三区 | 亚洲精品福利一区二区三区 | 国精品日韩欧美一区二区三区 | www亚洲成人| 国产在线伊人 | 精品一区二区三区四区五区 | 久久99精品国产 | 日韩欧美一区二区三区视频 | 久久综合综合久久 | 香蕉成人国产精品免费看网站 | 久久就是精品 | 色视频在线观看 | 欧美综合亚洲 | y4480午夜66| 性做久久久久久免费观看欧美 | 久久99国产伦子精品免费 |