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

Make me your Homepage
left corner left corner
China Daily Website

Testing ground for reforms

Updated: 2013-12-04 07:56
( China Daily)

The financial support that China's central bank has offered the pilot free trade zone in Shanghai represents not only the latest evidence of the resolution of the government to implement a sweeping plan to overhaul the world's second-largest economy.

It is also a needed response to the accelerated internationalization of the Chinese currency. It was reported that renminbi has surpassed the euro as the second-most used currency for trade finance by value.

The People's Bank of China issued a guideline on Monday to ease the way for foreign investment in the free trade zone in Shanghai and allow Chinese residents to use the zone as a base for investment overseas.

Testing ground for reforms

For observers who were disappointed by lack of specifics when the free trade zone was launched in late September, the blueprint from the central bank will help shore up their confidence in the zone as a testing ground for reforms.

Though international trade and foreign direct investment have long been welcome as a driving force behind China's economic growth, the government has limited the flow of funds for financial investments into and out of the country, partly from fears of the havoc it might cause at the time of the financial crisis.

Yet, to better integrate China into the global economy while facilitating economic transformation at home, the country's leaders have recognized the increasing necessity of financial liberalization. And that explains why the Shanghai free trade zone has pledged to push for "a full-scale opening" of the financial service sector to eligible private investors and foreign financial institutions.

Given the complexity of China's necessary financial reforms which range from the marketization of interest rates to further reforms on foreign currency management, the new guideline highlights a testing and liberalizing step-by-step approach.

But as the cross-border use of renminbi is more popular than expected, Chinese policymakers should not hesitate to set in motion inevitable financial reforms.

(China Daily 12/04/2013 page8)

8.03K
...
主站蜘蛛池模板: 国产成人久久精品 | 色九| 男子操女子 | 97成人精品视频在线播放 | 久草免费在线观看视频 | 91国内精品久久久久影院优播 | 在线免费观看毛片网站 | 在线视频日本 | 精品久久久久不卡无毒 | 国产精品一区二区三区免费 | 真人一级毛片国产 | 成年午夜性爽快免费视频不卡 | 亚洲爽妇网 | 亚洲国产欧美在线人成精品一区二区 | 一级做a爱久久久久久久 | 女人扒开腿让男人捅啪啪 | 日本免费在线观看视频 | 国产国语高清在线视频二区 | 欧美日韩一区二区三区在线观看 | 国产精品久久久久久免费播放 | 日本免费一区二区三区三州 | 国产午夜三区视频在线 | 在线免费观看毛片网站 | 黄.www| 夜色毛片永久免费 | 久久久黄色片 | 欧美色成人 | 欧美成人精品高清在线播放 | 女人张开腿让男人桶视频 | 日韩在线二区 | 91久久精品一区二区三区 | 在线观看日韩 | 国产成人综合91精品 | 国产一级一片 | 欧美特级 | 亚洲成 人a影院青久在线观看 | 免费看成人频视在线视频 | 特黄aa级毛片免费视频播放 | 国产成人www免费人成看片 | 在线看片亚洲 | 日本aaaaa级毛片 |