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
China / Government

Anti-corruption crucial for China's long-term growth: Nobel laureate

(Xinhua) Updated: 2014-10-09 16:30

Anti-corruption crucial for China's long-term growth: Nobel laureate

Michael Spence, laureate of the 2001 Nobel Prize in Economics, speaks at a conference in Beijing, China in this?Dec 15, 2011 file photo.?[Photo/IC]

WASHINGTON - China's massive anti-corruption campaign will affect economy for a short term, but is crucial to maintaining growth in the long run, Michael Spence, a Nobel Prize winner on economics said Wednesday.

The anti-corruption campaign has essentially displaced some reform agenda for a short run and caused the bureaucracy "frozen," said Spence at a seminar titled "Challenges of Job-Rich and Inclusive Growth" held by the International Monetary Fund (IMF).

Spence said: "I don't think one should assume this is a failure at all but rather a very important first step and my expectation is it will get pretty decent healthy structure change and healthy growth prospect in China."

He believed there are three reasons for China to pursue the anti-corruption campaign "aggressively."

Corruption is "a major source of social tension" and state-owned assets have too much power to the economy compared with the growing private sector, Spence told Xinhua on the sidelines of the seminar.

"And third, a lot of reforms require an efficient and honest bureaucracy at multiple levels. So they have to kind of clean up first," said Spence.

Spence said real estate posts the biggest risk for the Chinese economy right now.

"If there were crashes in real estate values because of excessive tightening, then that will have a big effect on households' balance sheet and on consumption and you can see a really big growth slowdown," he said.

But Spence said "I don't think it's most likely the outcome," adding the current losing momentum for China's real estate market is still on an acceptable level.

Spence also suggested China invest more in public service sector like education and health care, which will help China's consumption play a bigger role in economic growth.

Highlights
Hot Topics
...
主站蜘蛛池模板: 欧美日韩免费一区二区在线观看 | 在线看欧美成人中文字幕视频 | 九九久久精品国产 | 欧美一级成人影院免费的 | 怡红院在线观看在线视频 | 国产一级做a爰片在线看 | 国产亚洲精品久久久久久午夜 | 国产精品综合久成人 | 国产ssss在线观看极品 | 亚洲国产成人久久精品影视 | 成 人免费视频l免费观看 | 日韩精品免费一级视频 | 国产成人精品久久二区二区 | 欧美日a| 国产亚洲图片 | 亚洲欧美自拍一区 | 天天夜夜久久 | 99视频国产精品 | 久久精品国产精品亚洲精品 | 国产亚洲欧美久久精品 | 999热成人精品国产免 | 中文字幕免费视频 | 久久国产国内精品对话对白 | 综合亚洲一区二区三区 | 久久成年视频 | 欧美69xx | 中文久久| 日本一级特黄aa毛片免费观看 | 亚洲免费一 | 亚洲高清国产品国语在线观看 | 亚洲国产精品综合久久一线 | 免费中文字幕在线 | 久草在线色站 | 欧美与黑人午夜性猛交久久久 | 成人国产精品一级毛片视频 | 亚洲 欧美 日韩中文字幕一区二区 | 国产一国产a一级毛片 | 国产激情久久久久影 | 欧美在线乱妇一级毛片 | 黄色网址视频在线观看 | 萌白酱香蕉白丝护士服喷浆 |