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

Economic Pulse

China vigilant against quantitative easing in developed economies

(Xinhua)
Updated: 2013-03-07 13:17

BEIJING - China's political advisors expressed concerns about the impact of quantitative easing policies in developed countries, urging the nation to speed up industrial restructuring to tackle related challenges.

China vigilant against quantitative easing in developed economies

"We don't agree with the excessive monetary easing used in some countries," said economist Li Yining at a press conference held on the sidelines of the annual ongoing session of China's top political advisory body.

The political advisors' renewed call for restraint in monetary easing has highlighted the pressure that has hit emerging economies, particularly those in the Asia-Pacific region.

Apart from a new round of quantitative easing launched by the U.S. Federal Reserve last year, the Japanese yen has depreciated more than 15 percent against the U.S. dollar over the past two months due to an expansionary policy implemented by Japanese Prime Minister Shinzo Abe.

While delivering his last government work report at the parliament's annual session on Tuesday, Premier Wen Jiabao said China will maintain a proactive fiscal policy and a prudent monetary policy in 2013, as well as secure economic growth of 7.5 percent and keep inflation around 3.5 percent.

As a sign of increasing capital inflow amid China's improved economic prospects, Chinese financial institutions saw their yuan funds outstanding for foreign exchange increase by 683.7 billion yuan ($108.9 billion) in January, the highest monthly increase on record, data from the central bank showed.

Since capital accounts are tightly controlled by the government, China's central bank and commercial banks have to buy large quantities of foreign exchange to stabilize the yuan's exchange rate, resulting in loose liquidity in the domestic market.

Justin Yifu Lin, former vice president and chief economist of the World Bank, said he expects China's currency to continue appreciating this year thanks to globally loose liquidity.

"Policymakers need to make appropriate adjustments according to China's domestic productivity and the balance of international payments," Lin said in a group interview held during a press conference.

Lin is also a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), the country's top political advisory body.

"I think it's important for China to adopt a relatively proactive fiscal policy while keeping its monetary policy moderate, as this will be helpful to maintain rapid economic growth and keep prices relatively low," Lin said.

If China sees a massive inflow of short-term speculative funds, the country can take necessary capital-control measures to prevent drastic appreciation for the yuan and avoid bubbles in the property sector and equity markets, Lin said.

8.03K
主站蜘蛛池模板: 午夜精品久久久久久 | 亚洲成人精品久久 | 精品一区二区三区在线观看 | 美女在线视频一区二区 | 日日摸夜夜添夜夜添精品视频 | 亚欧乱色一区二区三区 | 日本娇小xxxxhd| 色婷婷久久 | 特级做a爰片毛片免费看一区 | 亚洲国产一区二区三区四区 | 日韩高清在线亚洲专区vr | 激情成人综合网 | 精品专区 | 午夜成人免费视频 | 看一级毛片国产一级毛片 | 成人网免费视频 | 一区二区三区日韩视频在线观看 | 色综合天天射 | 精品粉嫩aⅴ一区二区三区四区 | 91麻豆一区二区 | 97超精品视频在线观看 | 98香蕉草草视频在线精品看 | 热99精品| 国产精品久久婷婷六月丁香 | 99久久国产综合精品2020 | 欧美亚洲国产精品第一页 | 欧美线在线精品观看视频 | 日韩欧美国产网站 | 日韩高清不卡 | 青青在线香蕉精品视频免费看 | 亚洲综合色网站 | 男女在线免费视频 | 91久久国产精品 | 日本黄色福利视频 | 一本大道久久a久久综合 | 午夜家庭影院 | 久久婷婷色香五月综合激情 | 国产亚洲精品日韩香蕉网 | 四虎综合 | 欧美一区二区精品 | 免费一级毛片在线观看 |