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

   

CHINA / National

China must raise interest rates further - economist
(Reuters)
Updated: 2006-07-03 14:32

China must raise interest rates more aggressively to stifle demand for credit that has fuelled an investment boom, an influential government economist said in remarks published on Monday.

Yi Xianrong, an economist at the Chinese Academy of Social Sciences, a top government think-tank, joined a chorus in support of raising borrowing costs to help ward off economic overheating after a slew of tightening measures in recent weeks.

"Many economic problems are a result of low interest rates and therefore raising bank lending and deposit rates would be the best method to resolve the problems," Yi was quoted as saying in a report posted on the official Web site (Chinamoney.com.cn).

"Raising bank lending and deposit rates is imperative."

In late April, the central bank raised the benchmark one-year lending rate to 5.85 percent from 5.58 percent in response to the faster-than-expected economic growth of 10.3 percent in the first quarter, but it kept bank deposit rates unchanged.

The rate rise was the first since October 2004.

Higher yuan interest rates may not necessarily spur inflows of speculative capital betting on the yuan, because the domestic currency market remained largely isolated due to the yuan's limited convertibility, Yi said.

U.S. interest rates exceeded Chinese rates by about 3 percentage points after the Federal Reserve last month lifted rates in its 17th straight quarter percentage point hike, but that failed to cool expectations of a stronger yuan, Yi said.

"China will enter a cycle of raising interest rates as other central banks have already entered such a cycle to tighten liquidity," Yi was quoted as saying.

Analysts say the People's Bank of China, the central bank, has been treading cautionsly to limit capital inflows that could put more upward pressure on the yuan.

The government had kept interest rates artificially low to help push through reforms at state-owned companies, Yi said.

Chinese economists and officials have been locked in heated debate on how the government should steer the economy, some suggesting the yuan should be allowed to rise faster.

Last week, Chen Dongqi, vice head of the Academy of Macroeconomic Research under the National Development and Reform Commission, urged the central bank to raise interest rates and said it could learn from moves made by the U.S. Feb.

 
 

Related Stories
 
主站蜘蛛池模板: 日本一区二区高清视频 | 涩涩撸| 99毛片| 欧美成人手机在线 | 色网站免费在线观看 | 日日操夜夜爽 | 精品一区二区三区在线观看l | 99热综合 | 久草视频手机在线观看 | 一区二区国产在线观看 | 亚洲精品国产自在久久出水 | 一级毛片视频免费 | 97人人澡人人爽91综合色 | 久久爱成人网 | 色天天久久 | 国产精品99久久久久久动医院 | 亚洲精品手机在线 | 成人小视频在线观看 | 久久久国产视频 | 国产精品无码人妻无码色情多人 | 久久99精品国产99久久 | 亚洲成av人在线视 | 国产片在线观看 | 成人精品国产 | 亚洲电影免费观看高清完整版在线观 | 精品视频一区二区观看 | 污视频网站在线免费看 | 18pao成人国产永久视频 | 日本精高清区一 | 狠狠躁夜夜躁人人爽天天高潮 | 亚洲欧美中文字幕 | 天天久久 | 日韩精品久久久久影院 | 奇米影视555 | 欧美在线精品一区二区在线观看 | 日韩av第一页 | 国产亚洲精品久久久久久小说 | 国内精品免费视频 | 亚洲激情成人 | 午夜精品老牛av一区二区三区 | 夜夜摸夜夜爽 |