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
Opinion
Home / Opinion / Opinion Line

Stabilizing macro leverage ratio a long-term choice for China

China Daily | Updated: 2022-01-06 07:32
Share
Share - WeChat
A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. [Photo/China News Service]

China's macro leverage ratio saw a phased rise in 2020, because of the impact of the COVID-19 pandemic, but it is now on a stable track after the tendency was effectively curbed in 2021.

The pandemic brought the global economy to a standstill for a time, with economic growth remaining negative throughout 2020.

The ultra-loose macrocontrol policies implemented by many countries in response to the pandemic have pushed up their macro leverage ratio rapidly. China, however, adopted a sound, prudent and flexible monetary policy with precise policy guidance, coordinating its pandemic prevention and control measures with its economic and social development.

After rising for three quarters in 2020, China's macro leverage ratio began to decline from the fourth quarter onwards, and the growth in the whole of 2020 was much lower than the overall level of all countries and regions reported by the Bank for International Settlements.

Keeping the macro leverage ratio stable is a long-term choice for China. Since 2016, focusing on supply-side structural reform, China has actively promoted deleveraging and adopted a variety of measures to effectively curb the rapid growth of the macro leverage ratio, achieving initial results in preventing and defusing some major financial risks. These measures have also left more room for China to respond to downward pressures on the economy and use macrocontrol policies to stabilize economic growth.

At present, China's economy faces the triple downward pressures of shrinking demand, supply shock and weakening expectations. However, China's economy is highly resilient and its long-term fundamentals have not changed. Generally speaking, when the economy faces downward pressures, moderately loose macrocontrol policies are needed to stabilize economic growth, thus raising the leverage ratio.

In the face of the triple pressures, stabilizing the macro leverage ratio requires China to both have a scientific understanding of the basic stability of the macro leverage ratio and adopt a flexible, appropriate and scientific policy approach to strike a long-term balance between stable growth and risk prevention.

In making macro policies, the country must adopt a systematic approach and take into account counter-cyclical as well as aggregate and structural factors. It must not only work hard to keep the economy operating within a proper range and strengthen its economic foundation, but also to keep the macro leverage ratio stable to effectively guard against any possible financial risks.

- Economic Daily

Most Viewed in 24 Hours
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
主站蜘蛛池模板: 亚洲视频在线观看一区 | 国产在线精品香蕉综合网一区 | 一级做一级爱a做片性视频视频 | 波多在线视频 | 亚洲精品国产精品乱码不97 | 小明看片成人永久在线观看 | 婷婷国产成人久久精品激情 | 国产精品久久国产精品 | 欧美国产激情二区三区 | ccyy草草影院 | 久久中文字幕一区二区三区 | 日本污视频在线观看 | 九九热中文字幕 | 日日干天天摸 | 免费观看一级特黄欧美大片 | 最近最新中文字幕 | 亚洲国产最新 | 香蕉综合视频 | 成人网页| 亚洲一区二区三区深夜天堂 | 成人日韩视频 | 久久精品亚洲欧美日韩精品中文字幕 | 一区二区三区四区不卡视频 | 欧美日本国产VA高清CABAL | 久草资源在线视频 | 精品一区二区三区水蜜桃 | 日日摸夜夜爽日日摸视频 | 综合电影网 | 成人丁香婷婷 | 一区二区三区四区在线视频 | 免费激情网址 | 国产高清精品在线 | 精品在线一区二区三区 | 免费日韩 | 日本女人下面毛茸茸 | 91精品中文字幕一区二区三区 | 911色_911色sss主站色播 | 日本国产视频 | 久久久久久影院 | 99re国产 | 一区二区三区欧美 |