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

   

Stock market debate

(China Daily)
Updated: 2008-04-07 07:02

Public debate on whether the government should prop up the slumping stock market is intensifying.

Caijing Magazine, one of China's most influential business and financial journals, said in its latest issue that all stock markets rise and fall and the government should not intervene, and in fact, there was no reason to intervene.

However, many other newspapers and websites are reporting calls for government help to boost the market which has witnessed an almost 50 percent drop from its peak last October.

The authorities should certainly refrain from a rushed response. But they have no excuse to keep further delaying the plugging of regulatory loopholes that have long plagued the healthy development of the Chinese stock market.

Investors have been hit hard, but this is not because of a major deterioration in the fundamentals of the Chinese economy. Though a US-led global slowdown looks inevitable this year, the Chinese economy is still positioned to expand by at least 8 percent, serving as a key growth engine for the world's economy.

It is the one-third plunge in the stock index in the first quarter, the second-largest quarterly fall in the market's 18-year history, that has the investing public worried. Most of them were of the opinion there was little likelihood the market would fall so sharply in the months ahead of the Olympic Games.

The sharp contrast between the performance of the stock market and that of the national economy has given investors cause to raise their voices for government intervention. Normally, a market with a fast-growing economy and an appreciating currency should see rapid development.

Nevertheless, the warning against unnecessary government intervention demands to be heard. In the nearly two decades of development of the stock market, the government had repeatedly acted under various pressures to bolster it. Such short-term rescue efforts achieved little in promoting openness, equality and fairness in the market. These three elements are essential to the protection of investors' rights as well as to the healthy development of the market.

Market regulators must exercise patience and prudence especially when the market is undergoing a drastic correction. They must find workable solutions to the current troubles.

If the regulators find that investors' fears about excessive refinancing by listed companies are genuine, they must act to quell these fears. Prompt actions to improve regulations and market order are always needed.

(China Daily 04/07/2008 page4)



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 国产免费久久精品99 | 久久这里只有精品视频99 | 中文字幕在线视频网 | 国产成人福利视频网站 | 鸥美毛片 | 毛片99| 成人在线网址 | 99视频免费在线 | 午夜视频国产 | 国产成人自拍在线 | 亚洲欧美一区二区久久 | 九九精品视频在线播放 | 久久久久久免费视频 | 免费a视频在线观看 | 国产亚洲精品一区二区三区 | 国产成人精品综合久久久 | 国产日产欧产精品精品推荐小说 | 99视频有精品视频免费观看 | 亚洲欧美日本视频 | 久久精品在 | 成人三级毛片 | 亚洲精品一区91 | 亚洲精品免费观看 | 亚洲夜 | 黄色三级免费网站 | 91精品国产色综合久久 | 91亚洲免费 | 精品无码久久久久国产 | 国产精品成人影院 | 国产精品日本一区二区在线播放 | 欧美国产日本 | a级毛片免费观看视频 | 成熟性xxxxx| 欧美三级一级 | 亚洲福利精品一区二区三区 | 国产自在自线午夜精品视频 | 久久99爱视频 | 久久久国产一区二区三区丝袜 | 成年人免费在线视频网站 | 久久99亚洲精品久久频 | 精品久久中文字幕有码 |