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

left corner left corner
China Daily Website

Policy fine-tuning needed

Updated: 2013-07-02 08:07
( China Daily)

The signs suggest that China's economic slowdown has become more entrenched as both official and private manufacturing activity indices continued to edge down in June.

The official purchasing managers' index dropped to 50.1 in June from 50.8 in May, while the HSBC PMI for June declined to 48.2, its lowest level since September 2012 and down from May's final reading of 49.2.

While the official PMI reading was slightly better than market expectations, it is worrying that the indices indicate there has been an across-the-board weakening across the economy.

The possibility is high, therefore, that the GDP growth in the second quarter could be lower than the 7.7 percent growth of the first quarter.

China's 7.8 percent year-on-year GDP growth last year was the lowest in 13 years. If economic growth turns out to be that low this year, both the corporate sector and the financial market will be under heavy pressure, and, in the worst-case scenario, it could spell trouble for the labor market.

And the challenges resulting from an economic slowdown are being aggravated by the rising asset prices and the potential risk of financial turbulence. House prices, for example, have failed to show any signs of weakening. Prices in the 100 main cities continued to rise in June from a year earlier, with prices up 7.4 percent on average from a year ago, while on a month-on-month basis, prices rose by 0.77 percent on average, according to the China Index Academy, a private data provider.

If prices continue to rise unabated they will only pose more challenges to policymakers amid slowing economic growth.

The financial market, meanwhile, has been showing distress following the largely structural "cash crunch" in the interbank market last month, which could slow the expansion of the problematic off-balance-sheet lending and ultimately bring about reduced money supply for the overall economy.

But the authorities are well aware of the issues, and they are making appropriate efforts to address them and prevent any disastrous shocks to the national economy.

With policymakers subject to the multiple challenges of slowing growth, rising asset prices and growing financial risks, they could resort to policy fine-tuning to address the situation. A temporary easing in the appreciation of the yuan, for example, could help alleviate the hardship of the export sector and the economy as a whole.

8.03K
...
主站蜘蛛池模板: 欧美视频网址 | 色偷偷成人网免费视频男人的天堂 | 偷偷狠狠的日日高清完整视频 | 免费二区 | 日日操日日操 | 99影视在线视频免费观看 | 色诱成人免费观看视频 | 久久一区视频 | 黑色丝袜三级在线播放 | 欧美成人精品不卡视频在线观看 | 亚洲第一视频网站 | asian极品呦女爱爱 | 可以免费观看的av | 亚州国产 | 欧美日韩在线免费观看 | 成人黄色免费 | 欧美巨波霸乳影院67194 | 日韩精品视频在线观看免费 | 日韩中文有码高清 | 亚洲香蕉在线视频 | 国产日韩一区在线精品欧美玲 | 在线观看视频亚洲 | 日本免费精品视频 | 日日撸视频 | 亚洲精品一区专区 | 久久91| 大香伊人久久精品一区二区 | 在线成人av | 亚洲一区二区三区深夜天堂 | 欧美成人全部费免网站 | 亚洲国产日本 | 亚洲欧美视频一区 | 国产黄色三级 | 在线免费黄色 | 亚洲视频www | 成人国产精品免费 | 亚洲视频免费 | 一区二区三区在线 | 网站 | 不卡久久 | 欧美伊人久久综合网 | 91xoxo|