www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

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

ADB expert upbeat on economic management

By XIN ZHIMING in Yokohama, Japan | China Daily | Updated: 2017-05-08 03:29
Share
Share - WeChat

China's recent economic moderation is a natural consequence of its economic restructuring, and the country's solid growth momentum remains uninterrupted in the longer term, Asian Development Bank Chief Economist Yasuyuki Sawada said on Sunday.

Beijing is doing the right things to maintain financial stability and control cross-border capital flows, Sawada told China

China's year-on-year GDP growth fell to 6.9 percent in 2015, dropping below 7 percent for the first time since 1991, and it dipped further to 6.7 percent last year. The country is rebalancing its economy from external, export-driven and manufacturing production-based, to more internal, consumption-based, and it is shifting its focus from the manufacturing to nonmanufacturing sectors, which has contributed to the moderation in recent years, Sawada said.

The country has set a GDP growth target of about 6.5 percent this year, and with first-quarter growth picking up to 6.9 percent, it has already laid a solid foundation for the whole-year goal. The Asian Development Bank forecast recently that China's growth could be 6.5 percent this year. "That’s really high.," Sawada said. "China's long-term growth momentum will continue."

China has made the right adjustments to contain financial risks and prevent massive capital outflows, he said.

Since the second half of last year, China's monetary regulatory bodies have taken many steps to strengthen management of the financial sectors, with rules tightened and a number of institutions and individuals punished for irregularities in the financial markets. The currency regulator, meanwhile, has implemented capital outflow rules more strictly to keep capital movement from jeopardizing the country's financial order.

"China has made financial stability a top priority," Sawada said. He ruled out the possibility of the country encountering any financial crisis despite the rise in debt in recent years.

Beijing has worked strenuously to cut excess production capacity, reduce businesses' leverage and debt ratios and trim local government debt. "We don't see any real sign of a (financial) crisis coming (in China), although we observe excess capacity in some sectors, such as coal and steel, and we've also seen rising indebtedness both in the corporate sector and households.”

For a rapidly developing country like China, he said, it is natural for the corporate sector and households to accumulate debt. "Indebtedness itself is not necessarily harmful. We don't see any sign of China facing a big risk," he said.

The Asian Development Bank's annual meeting closed on Sunday with the bank vowing to increase lending capacity for infrastructure investment in Asia and cooperate with other development financing institutions, such as the China-led Asia Infrastructure Investment Bank, to better meet the financing needs of Asia and other regions.

Developing Asia and the Pacific will need more than $22.6 trillion for infrastructure construction through 2030, or $1.5 trillion per year, to maintain growth momentum, according to a recent report by the bank. "We should fill the financing gap using both private and public resources" through public-private partnership programs, said Takehiko Nakao, Asian Development Bank president, on Sunday.

xinzhiming@chinadaily.com.cn

 

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: 女人张开双腿让男人桶爽免 | 国产精品久久久久久久久福利 | 欧美色视频日本片免费高清 | 99精品欧美一区二区三区 | 久久狠狠躁免费观看2020 | 国产激情久久久久影 | 亚洲精品亚洲人成毛片不卡 | 三级午夜三级三点在看 | 欧美xxxxx毛片 | 国产自在自线午夜精品 | 日韩中文字幕免费在线观看 | 91精品国产91久久久久久 | 老鸭窝 国产 精品 91 | 视频一区二区三区自拍 | 欧美大片一级毛片 | 国产麻豆一级在线观看 | 伊大人香蕉久久网 | 香港一级纯黄大片 | 欧美日一本 | 亚洲免费区 | 欧美成人午夜毛片免费影院 | 国产成人精品久久二区二区 | 免费岛国小视频在线观看 | 九九视频在线观看6 | 免费a视频在线观看 | 久久免费资源 | 美国毛片在线 | 成年人免费网站视频 | 亚洲日韩精品欧美一区二区一 | 九九精品免费 | 成年片免费网址网站 | 美女又黄又免费的视频 | 国产特黄特色一级特色大片 | 亚洲欧美一区二区三区久久 | 国产成人午夜精品影院游乐网 | 精品国产自在在线在线观看 | 免费看一片 | 国产精品自拍合集 | 三级毛片免费观看 | 亚洲成人综合视频 | 精品日韩欧美 |