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

BIZCHINA> Center
Chinese economy provides 'slow cooking' for thought
By Diao Ying (China Daily)
Updated: 2008-09-29 09:08

The $700 billion rescue plan initiated by US Treasury Secretary Henry Paulson can be thought of as "fast food" compared with China's long-standing cautious regulatory policy being "slow cooking", Liu Mingkang, chairman of the China Banking Regulatory Commission, has said.

Speaking to business leaders at the 2008 Summer Davos meeting in Tianjin on Saturday, Liu said the current financial crisis that has pushed major Wall Street players into bankruptcy meant that leaders from the business world also called upon all countries to help improve matters. "No one is an island," Liu said. "What we need is international cooperation."

Liu said China's stable economic development is all the more important given the global financial turmoil.

He estimated that the Chinese economy will increase at 9 to 9.5 percent, lower than last year's 11.9 percent growth but still at a relatively fast speed given the global financial crisis and recession.

"In general, China's economy is fine, because we have a big room to maneuver," Liu said, adding the growth rate, though slightly lower than before, is good because China does not need speed, but quality.

There are various reasons for China's sustained growth, Liu said. With a population of 1.3 billion, the domestic consumption is increasing, which will make up for export slowdown caused by slackening demand in developed markets.

China's rapid economic development has long been driven by huge exports and investment, but now the government aims to encourage the Chinese to consume more. Furthermore, the country is experiencing large-scale urbanization and industrialization, creating huge demand for infrastructure and construction.

Liu said China would work together with financial regulatory agencies worldwide and is ready to absorb the laid off financial talent from Wall Street. His suggestion was echoed by major bankers at the forum.

"We need to stress that the US financial market is not just the US market itself, it is the world financial market," said Guo Shuqing, chairman of China Construction Bank.

"What is good for the US is also good for every country, including China."

Guo called for closer coordination among central bankers from the major economies.

William Rhodes, senior vice-chairman of Citigroup Inc, said some Chinese authorities, including the People's Bank of China, were already in consultations with the Federal Reserve on measures to alleviate the crisis.


(For more biz stories, please visit Industries)
主站蜘蛛池模板: 国产精品密蕾丝视频 | 国产精品美女视视频专区 | 亚洲天堂网在线观看视频 | 在线看国产视频 | 欧美一区二区三区免费不卡 | 巴西一级毛片 | 亚洲欧美日韩中文字幕在线 | 午夜专区| 国产一区二区免费在线观看 | 8050网午夜一级毛片免费不卡 | 国产一区二区三区在线观看影院 | 成年男女男精品免费视频网站 | www.日本高清| 深夜成人性视频免费看 | 日韩看片| 国产精品久久久久久久久久久不卡 | 精品一区二区三区视频 | 免费精品久久久久久中文字幕 | 免费看美女午夜大片 | 草草视频在线播放 | 国产精品成人免费综合 | 国产成人 免费观看 | 久草勉费视频 | 免费播放毛片 | www.黄色免费网站 | 久草在在线视频免费 | 一本色综合 | 美国一级毛片片aaa 美国一级毛片片aa成人 | 午夜性刺激免费视频观看不卡专区 | 亚洲精品99久久久久久 | 国产三级精品在线 | 国产亚洲精品国产一区 | 一区二区三区在线 | 日韩欧美视频一区二区在线观看 | 中文字幕天堂久久精品 | 美国一级毛片片aa免 | 中文字幕乱码在线观看 | 国内主播福利视频在线观看 | 欧美乱一级在线观看 | 在线视频精品一区 | 欧美一区二区三区免费高 |