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

   

Major economies urged to stabilize financial market

(Xinhua)
Updated: 2008-04-13 10:35

WASHINGTON -- Zhou Xiaochuan, governor of China's central bank, said on Saturday that the major advanced economies have primary responsibility to stabilize global financial market.


 Zhou Xiaochuan, governor of China's central bank, attends the spring meetings of the International Monetary Fund (IMF) and the World Bank in Washington April 12, 2008. [Xinhua]

"Being at the center of the financial crisis, the major advanced economies need to take the primary responsibility for stabilizing global financial markets," said Zhou at the spring meetings of the International Monetary Fund (IMF) and the World Bank.

"They need to adjust their monetary, fiscal, and financial policies in a timely manner without sabotaging medium- and long-term economic and financial stability while improving supervision and transparency," he noted.

"Drawing on recent experience, these economies should evaluate their financial innovation practices, improve risk assessment strategies, and strengthen supervision of speculative activities. We welcome their recent initiatives to improve financial regulation," he added.

He also warned of the slowdown of the world economy. "The global economic and financial outlook is of grave concern. Global growth faces substantial downside risks in 2008," he said.

"The increasing risk of the US economy sliding into recession is expected to affect Europe, Japan, and the major emerging market economies to varying degrees," said the head of the People's Bank of China.

"Those emerging market economies with weak financial systems or heavy reliance on foreign capital are likely to suffer a severe shock," he warned, adding the biggest risk to the global economy remains the financial crisis emanating from the US sub-prime mortgage sector.

Zhou also pointed out that in the early stages of the crisis, the IMF did not pay adequate attention to, nor did it make timely analysis of, the impact of the US sub-prime meltdown on external stability.

"It underestimated the severity of the crisis and failed to present effective policy advice to deal with the negative impact on international financial markets and the global economy," he said. "Instead, the Fund was too preoccupied with exchange rates, whose orderly adjustment is already well on the way."

He called on the IMF to improve its analysis of the linkages between financial sector development and the real economy, including the implications of the financial crisis for members' macroeconomic and financial stability.

Many emerging market and developing countries confront the risks of economic overheating and heightened inflationary pressures as well as a global slowdown, said Zhou, noting they need to monitor closely changes in trade and capital flows, speed up domestic reforms, improve resilience to external shocks, and effectively adjust macroeconomic policies in a timely and flexible manner.

"Heightened trade protectionism in the context of a global slowdown has made inroads into the financial and investment sectors," warned the China's central bank chief.

"We call on all parties to take firm actions against protectionism and continue to promote the multilateral trade liberalization process," he said.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 深夜福利网址 | 大片刺激免费播放视频 | 日韩三级一区 | 欧美毛片| 国产专区一va亚洲v天堂 | 中文字幕一区二区在线视频 | se94se欧美综合色 | 狠狠色丁香九九婷婷综合五月 | 国产成人精品视频一区 | 亚洲一区二区三区免费视频 | 日韩欧美一级a毛片欧美一级 | 欧美一级香蕉毛片 | 国产三级日本三级日产三级66 | 天堂影院jav成人天堂免费观看 | 免费人成年短视频在线观看免费网站 | 国产精品一二三区 | 老司机一级片 | 色综合久久久久久 | 日本aaaaa级毛片 | 天天插夜夜爽 | 国内精品一区二区在线观看 | 亚洲欧美精品中字久久99 | 亚洲综合在线观看视频 | 国产a高清 | 免费观看成人www精品视频在线 | 精品视频在线视频 | 超级碰碰碰视频视频在线视频 | 亚洲理论在线观看 | 亚洲精品天堂一区在线观看 | 成人午夜兔费观看网站 | 老司机精品福利视频 | 欧美兽皇video | 亚洲一区欧美 | 99草精品视频 | 午夜看片a福利在线 | 日韩美女一区二区三区 | 欧美一级做一a做片性视频 欧美一级做一级爱a做片性 | 日本一级~片免费永久 | 国产精品秒播无毒不卡 | 欧美一区二区三区高清视频 | 亚洲视频免 |