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 / Economy

Key article signals less policy easing in China: UBS

(Xinhua) Updated: 2016-05-10 16:05

BEIJING - A prominent article carried by the Communist Party's official paper has signaled that Chinese authorities may rein in policy easing and stick to reforms, according to Swiss bank UBS.

The article, an interview with a "person with authority" published in the People's Daily on Monday, considered high leverage the root cause of financial risks and an infeasible tool to push for higher growth.

The term "person with authority" is usually reserved for high-ranking officials in People's Daily reports.

The article further confirmed the view that China's policy easing has peaked in the near term, UBS said in a research report.

It noted that the "person with authority" saw a need to abandon reliance on monetary expansion to solve structural problems.

The article came as signs of stabilization have begun to appear in China's economy, with state investment in infrastructure growing and bank lending at a record high.

The recent rebound in China's economic indicators was led by stronger policy support and property activity, which will increase medium-term risks, UBS said.

China's GDP slowed to 6.7 percent in the first quarter, the lowest since the dark days of the global financial crisis in 2009. But a slew of upbeat economic data in March raised hopes for a stronger turnaround than expected.

Monday's article ruled out the possibility of a quick, strong recovery in China, suggesting that the world's second largest economy may tick over at a moderate level for years to come.

The interview also indicates authorities want to "correct the impression that the government has scaled down reform in exchange for more leverage to support growth," said the UBS report.

Supply-side structural reform -- essentially cutting overcapacity and shifting into higher value-added manufacturing -- is "a lifeline for us in avoiding the middle-income trap," according to the People's Daily article.

Reform is a harder path, but a much more sustainable one, the article said.

Despite less policy stimulus expected, UBS believes China will maintain stronger growth in the second quarter of this year as the impact of earlier easing comes through, according to the report.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲综合一区二区精品久久 | 日本成aⅴ人片日本伦 | 一区二区三区四区在线视频 | 中文字幕在线看 | 欧美一区二区三区免费高 | 国产欧美一区二区三区免费看 | 久久国产精品免费视频 | 精品久久一区 | 欧美成人亚洲综合精品欧美激情 | 日本女人在线观看 | 黄色三级日韩 | 久久久欧美综合久久久久 | 精品国产_亚洲人成在线高清 | 欧美野外性xxxxfeexxxxx | 99久9在线视频 | 精品国产v无码大片在线观看 | 成人午夜免费观看 | 亚洲国产欧美目韩成人综合 | 国产日韩欧美精品一区二区三区 | 美女张开腿让男人桶下面 | 欧美国产一区二区 | 69久成人做爰视频 | 91精品成人福利在线播放 | 国产丝袜美腿高跟白浆 | 久久久免费观成人影院 | 男人透女人超爽视频免费 | 美女被免费视频网站a国产 美女被免费网站视频软件 美女被免费网站在线软件 美女被免费网站在线视频软件 | 中国成人免费视频 | 亚洲欧美精品一中文字幕 | 日本在线观看免费视频网址 | aaaaaaa毛片| 57pao强力打造手机版 | 一级一片免费看 | 国产午夜精品久久理论片 | 亚洲精品一区二区三区在线播放 | chinese耄耋70老太性 | 337p粉嫩日本亚洲大胆艺术照 | 成人免费观看永久24小时 | 手机看片日韩日韩国产在线看 | 插美女网站 | 手机看片日韩国产一区二区 |