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
Business / View

Opening the liquidity tap a little ensures further reforms

By Ed Zhang (China Daily) Updated: 2015-02-09 07:45

The timing that the People's Bank of China chose for lifting the credit supply says a lot about Chinese leaders' economic concerns.

On Wednesday, the Chinese central bank announced a 0.5 percentage point cut in the banks' reserve requirement ratio, thus releasing, according to economists, more than 100 billion yuan ($16 billion) of liquidity to the money market.

Lowering the RRR failed to excite the short-term investors, because the economy was surrounded by too many discouraging data.

Most investment houses had forecast that China would make a cut in RRR or in the interest rate in the first quarter of the year. But it is obvious that doing so two weeks before the Lunar New Year, on Feb 19, would produce a larger benefit for the economy than after the holiday, which, in many parts of the country and therefore at many companies, will not effectively end until the second week of March.

If the central government waited until then to make any move to implement what it terms a flexible monetary policy, the policy's effect would be very small, if not negligible, for the whole first quarter.

Obviously it would not be what Premier Li Keqiang wants. At least, he doesn't seem to want the first quarter to go by showing GDP growth lower than 7 percent year-on-year.

During the several symposiums he has held with economists, corporate leaders and other opinion leaders in the run-up to the annual session of the National People's Congress, scheduled to open March 5, he has been quite candid about the fact that the economy is besieged by "many difficulties".

Although an immediate general crush is unlikely, none of the solutions at the moment is perfect, he admitted. Implicitly, a not-so-perfect move will have to be made at times, just to keep the economy from a less desirable situation.

Chinese leaders have made it clear that their priority is reform. And it is to be reform in many ways, as they have promised. But in order to carry out reform, they have to guarantee for the economy a minimum growth rate to avoid letting some of the regular problems, say unemployment or inflation, interfere with the ultra-complicated reform operation.

Some continuing growth momentum is, therefore, economic insurance for reform. As with an individual health insurance policy, that policy will need to be topped up from time to time to keep up its lasting effect.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 成年女人毛片免费播放视频m | 午夜毛片视频高清不卡免费 | 国产日韩高清一区二区三区 | 久久免费公开视频 | 中文字幕一区二区视频 | 99久久久精品免费观看国产 | 国产一区二区三区四区五区 | 国产在线视频精品视频免费看 | 久久亚洲私人国产精品 | 国产成人精品综合网站 | 特黄a大片免费视频 | 伊人久久在线视频 | 欧美日韩在线观看一区二区 | 国产成人aaa在线视频免费观看 | 初爱视频教程在线观看高清 | 欧美三级欧美一级 | 三级网站在线 | 亚洲国产日韩欧美 | 国内一级野外a一级毛片 | 日韩一区二区三区视频 | 欧洲一级鲁丝片免费 | 国产免费爽爽视频免费可以看 | 高清一级淫片a级中文字幕 高清一区二区 | 模特三级在线观看 | 久久精品一区 | 成人18免费网站 | 国产美女精品视频免费观看 | 亚洲haose在线观看 | 国产精品久久久一区二区三区 | 国产最新网站 | 日韩欧美一区二区不卡看片 | 无码精品一区二区三区免费视频 | 免费一级a毛片在线 | a毛片免费观看完整 | 欧美第一视频 | 毛片大全免费 | 精品久久久久久久九九九精品 | 免费久久精品视频 | 欧美一级毛片黄 | 99久久精品国产免费 | 日韩欧美一级a毛片欧美一级 |