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

US EUROPE AFRICA ASIA 中文
Business / Economy

Firm policy action can beat growth pessimism

(Xinhua) Updated: 2014-10-22 10:09

BEIJING -- Despite a struggle in recovery by the global economy, strong policy action by Asia-Pacific Economic Cooperation (APEC) members can boost confidence and foster growth, World Bank Managing Director Sri Mulyani Indrawati said here on Tuesday.

With the World Bank lowering world growth prospects three times in a row and further cuts in growth forecast, it has not been an optimistic year for the world economy, Indrawati said during an exclusive interview with Xinhua.

"2014 has been a disappointing year," she said.

The US economic recovery is proceeding, and UK?economic growth is encouraging, but growth in Europe is still disappointing, she said prior to the APEC 2014 Finance Ministers' Meeting scheduled to kick off on Wednesday.

"The global growth headwind is stronger than I expected, and policy responses to neutralize the headwind should be much stronger by many policymakers," said Indrawati, also the World Bank's Chief Operating Officer.

"Many emerging economies as well as advanced countries need to deepen and accelerate domestic reforms, as you cannot depend on macro-economic policies as stimulus for your growth," she said, citing developed countries in Europe, Japan, as well as Brazil and other emerging markets where fiscal capacity constraint has become a real issue.

China is in the "new normal" period, as policy makers adjust from an economic growth model reliant on investment to one supported by consumption and higher productivity, which in the short run will weaken the growth performance.

In its latest growth projection released earlier this month, the Washington-based lender lowered China's economic growth rate forecast to 7.4 percent for this year from the previous 7.6 percent. China's growth pace dipped to 7.3 percent in the third quarter from 7.5 percent in the April-June period, official data revealed.

The slowdown of Chinese economy is already impacting global commodity prices, which is affecting resource-exporting countries, Indrawati said.

Changing the levels of Chinese growth should not be interpreted as a weakening growth trend, but as a redesigning of the growth model to make it more inclusive and based more on domestic demand that is sustainable,she said.

"That requires a lot of reforms within China on land, capital as well as labor," she said.

Leaders or representatives of the APEC members will attend the APEC Economic Leaders' Meeting, themed "Shaping the Future through Asia-Pacific Partnership" slated to be held in Beijing on Nov. 10 and 11.

"The meeting came in the middle of the disappointing global growth picture, and can provide confidence in improving global economic growth outlook," she said.

China and other emerging markets are playing an increasingly important role in the world. China, where the meeting is hosted, is in the process of reform, which will deliver a "much stronger message" for the global economy, especially the Asia Pacific economy, to perform well to beat pessimism, she stressed.

Policy makers from APEC members can formulate policies at the macro-level, discuss how to deepen and accelerate reforms and the importance of infrastructure development in many countries to support economic activities and strengthen connectivity across member economies, which is very critical to restore growth confidence, she added.

The 21 APEC members, including the United States, China, Japan and Russia, account for over half of the world's economic output, 40 percent of the world's population, and 46 percent of total global trade.

Firm policy action can beat growth pessimism

Firm policy action can beat growth pessimism

Weak inflation makes more room for policy change China's GDP in Q3 grows 7.3%

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 亚洲美女视频一区二区三区 | 亚洲欧美在线观看视频 | 欧美一级久久久久久久大片 | 久草免费在线播放 | 国产成人精品午夜二三区 | 成年女人免费看 | 蜜桃欧美性大片 | 国产三级在线观看视频 | 美女视频黄.免费网址 | 色三级大全高清视频在线观看 | 国产成人精品福利网站在线观看 | 成人国产精品免费视频不卡 | 亚洲va中文字幕 | 永久天堂 | 香蕉香蕉国产片一级一级毛片 | 国产最新网站 | 亚洲精品视频免费观看 | 亚洲欧美精品国产一区色综合 | 国产精品亚洲第一区二区三区 | 国产最爽的乱淫视频国语对 | 怡红院免费播放全部视频 | 精品免费久久久久欧美亚一区 | 国亚洲欧美日韩精品 | 欧美日韩国产一区二区三区播放 | 波多野结衣中文在线 | 在线观看毛片视频 | 国产精品莉莉欧美自在线线 | 久久精品国产国产 | 亚洲成人黄色在线 | 日本在线亚州精品视频在线 | 亚洲久久成人 | 日本一级全黄大片 | 亚洲理论视频 | 黄录像欧美片在线观看 | 欧美三级免费网站 | 亚洲美女视频网址 | 亚洲免费天堂 | 99久久精品国产国产毛片 | 久久成人免费播放网站 | 国产粗大猛烈18p | 中文字幕毛片 |