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

   

Greenspan sees dramatic drop in Chinese stocks

(Reuters)
Updated: 2007-05-24 09:11


Former Chairman of the Federal Reserve Alan Greenspan (L) and U.S. Treasury Secretary Henry Paulson attend the Conference on U.S. Capital Market Competitiveness in Washington March 13, 2007. [Reuters]

Former U.S. Federal Reserve Chairman Alan Greenspan said on Wednesday he feared a "dramatic contraction" in Chinese stocks but said the global economy may be able to shrug off a drop in asset prices.

Addressing a meeting in Madrid via teleconference, Greenspan said the recent boom in Chinese stocks could not last.

"It is clearly unsustainable," he said "There's going to be a dramatic contraction at some point."

The main Shanghai index has nearly tripled in past year and is up 56 percent so far in 2007.

Greenspan also said a correction could cause problems for Chinese personal wealth. Some analysts have speculated that the Chinese government could be tempted to dip into its reserves to bail out any stung investors and avoid social unrest.

Greenspan, who stepped down as Fed governor last year, said cheap Chinese imports were one of the elements stoking world growth, along with Eastern European workers and the knock-on effects on lower inflation and rates.

"In the last five years, the world as a whole is a growing faster than at any time in the world's history," he said. "It can't last and it won't last because it's a one-shot adjustment."

Greenspan said asset prices around the world could fall but that the economy may escape unscathed if it were flexible enough to absorb asset price shocks.

"We will get major declines in certain levels but it need not feed back significantly to levels of employment or the real economy," he said.

Earlier this month, Greenspan reiterated that he believed there was a one-third chance the U.S. economy, the world's largest, would slip into recession this year.

On Wednesday, he said the United States had no problem financing its current account deficit.

"I am ... not particularly concerned about the current account deficit per se. I think that is essentially a market force," he said, adding that the budget deficit worried him more.

Asked about oil prices, which rose strongly last year and were around $70 a barrel on Wednesday, Greenspan said: "The problem of crude oil is not that we're peaking or running out of oil, we're not, the problem of oil is access."

He saw difficulties ahead for world energy markets over coming years if geopolitical issues continued to plague major suppliers and investment remained at insufficient levels.


(For more biz stories, please visit Industry Updates)



主站蜘蛛池模板: 在线中文字幕日韩 | 中文字幕一区二区三区在线观看 | 高清欧美不卡一区二区三区 | 国产大片在线看 | 手机看片精品高清国产日韩 | 欧美色久 | 一级性片| 日韩 亚洲 制服 欧美 综合 | 国产精品观看在线亚洲人成网 | 国产短视频精品一区二区三区 | 免费的毛片 | 国产成人麻豆tv在线观看 | 国产成人精品本亚洲 | 香蕉一区二区三区观 | 两性免费视频 | www.亚洲免费 | 国产在线视频专区 | 久久成人免费大片 | 国产精品久久精品视 | 日本免费一区二区三区三州 | 成年人www| 午夜dj视频完整社区 | 朝鲜美女免费一级毛片 | 扒开两腿猛进入爽爽视频 | 色综合久久加勒比高清88 | 国产精品揄拍一区二区 | 成人欧美视频在线看免费 | 久草视频网址 | 99热久久国产精品这 | 成人看免费一级毛片 | 久久九九国产 | a级毛片免费看 | 亚洲欧洲一区二区三区久久 | 日韩欧美一二区 | 视频一区在线播放 | 色偷偷亚洲男人天堂 | 日韩欧美不卡一区二区三区 | 亚洲精品自拍 | 精品丝袜国产自在线拍亚洲 | 97在线观看成人免费视频 | 欧美成人乱弄视频 |