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

   

Economic structure needs adjustment

By Sun Lijian (China Daily)
Updated: 2006-12-21 11:27

In fact, many countries taking part in such economic co-operation have become large trading partners with China. A slump in China's trade would pose a direct threat to the economic growth of these countries, which means China, as a trading power, would have an ever-growing influence on the world economy.

But this position poses severe challenges for China in its current stage.

The trade surplus several years in a row has brought China the world's largest reserve of foreign exchange. But the shock to the economy from the oversupply of currency with high circulation could not be cushioned by the country's financial arrangements, the most important of which are the currency exchange and interest rate systems.

So the policies issued one after the other by the central bank to improve the economic situation can never be really independent or effective.

The lack of development of China's financial services can be reflected in several areas.

First, the country's financial resources are mainly controlled by the banking sector because China only has a fledgling capital market. To make things worse, banks depend heavily on enterprises for profits while these businesses usually enjoy preferential policies on their bank loan interest rates.

Under the inflexible exchange and interest rate systems, banks only see increasing deposits from their clients, which become growing debts for them.

Given the limits on the interest rate, banks can only try to seek more profitable loans like mortgages, or personal loans for individuals with inadequate credit records, thus the risk is obviously elevated to a dangerous level.

Meanwhile, there is not an efficient mechanism to re-allocate financial resources across society.

Seeing the ever-widening gap between the rich and the poor as well as the yet to be developed social security system, consumers could not help worrying about their medical care, pension funds, education and even unemployment in the future. They would think it a wise choice to refrain from spending and put their income into banks.

As long as these concerns remain, bank deposits will continue to expand even after the economic growth is translated into a substantial increase in individual disposable income.

Other factors for sound development of the financial sector include an environment for financial investment and public awareness on this point.
 123  

(For more biz stories, please visit Industry Updates)



Related Stories  
主站蜘蛛池模板: 91欧美一区二区三区综合在线 | 免费观看亚洲 | 亚洲在线视频免费 | av狼论坛 | 精品国产一区二区三区久久 | 成人精品网 | 在线欧美视频 | 91久久国产露脸精品免费 | 性欧美视频a毛片在线播放 性欧美一级 | 亚洲免费播放 | 国产国语在线播放视频 | 2021一本久道 | 精品国产欧美一区二区五十路 | 一级成人a做片免费 | 韩国黄色一级毛片 | 久久99热只有视精品6国产 | 99久久精品男女性高爱 | 亚洲欧美一区二区三区孕妇 | 亚洲国产成人私人影院 | 国产日韩久久久精品影院首页 | 国产精品久久久久久久久岛 | 悠悠影院欧美日韩国产 | 暖暖免费高清日本一区二区三区 | 欧美性性性性性色大片免费的 | 九草在线播放 | 爱综合| 特级一级全黄毛片免费 | 香港台湾经典三级a视频 | 久久男人天堂 | 欧美另类色 | 全部免费的毛片视频观看 | 日韩一区二区在线观看 | 日本在线亚洲 | 国内自拍视频在线看免费观看 | 免费日本在线视频 | 国产亚洲精品成人一区看片 | 久久久久久全国免费观看 | 亚洲国产精品激情在线观看 | 免费国产成人高清无线看软件 | 国产一级a毛片高清 | 免费看黄色的网址 |