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 / Latest News

Reforms pace 'needs to quicken',economists urge

By Bao Daozu (China Daily) Updated: 2015-10-26 06:52

Reforms pace 'needs to quicken',economists urge

'Institutional barriers' cited as main factor impeding nation's progress

One of China's leading economists has made a strong call for the country's leaders to speed up reforms that have been delayed.

The appeal by Wu Jinglian comes as a top leadership meeting is scheduled to be held on Monday to map out the nation's development program for the next five years.

The Communist Party of China is holding its Central Committee plenum from Monday to Thursday to come up with a proposal for the 13th Five-Year Plan (2016-20).

The meeting will also fill high-level vacancies left by officials now facing graft charges, including 11 former Central Committee members and alternate members.

Wu, 85, is a researcher at the State Council Development Research Center and a veteran economic adviser to the central government from the early days of the nation's economic reform.

Speaking on Sunday at a Center for Industrial Development and Environmental Governance forum at Tsinghua University, Wu blamed what he called "institutional barriers" as the main factor for the slowdown in China's overall rise in productivity and the failure to meet the demands of its newly rich middle-class citizens.

The only solution is to forge ahead with reform, rather than to introduce continual financial stimulus measures, he said.

He criticized the attempt to use such measures to increase the speed of growth as being the wrong way to ease the nation's economic woes.

In some key areas, reforms to remove institutional barriers have been slower than they should be, despite the leadership's strong determination expressed in reform programs adopted since 2012, he said.

One of the areas is reform of the capital market and its supervision. Another, where many problems remain, is the government's fiscal management, "because too much debt was incurred from the government's financial stimulus programs after the 2008 global financial crisis," Wu said.

The effect of financial stimulus measures has fallen to such an extent as to be nearly useless now, as it has incurred huge debt for local governments and companies. Introducing more such measures for the economy is a wrong and unsustainable solution for China, Wu said.

Instead, he said it should concentrate on reforming the financial system, fiscal management, prices and pricing system, State-owned enterprises, building up tariff-free zones and further opening up to global investors.

Chen Qinghai, former dean of Tsinghua University's School of Economics and Management, said at the same forum that China's environmental challenge will be huge.

Last week, Ma Jun, chief economist at the People's Bank of China, said future financial reform will focus on general finance, innovation finance, Internet finance and environmental or green finance.

 

Highlights
Hot Topics
...
主站蜘蛛池模板: 交视频在线观看国产网站 | 久草在线视频看看 | 欧美videosex性欧美成人 | www片| 国产成人一区二区三区免费观看 | 99久久精品免费看国产 | 欧美日韩精品国产一区在线 | 成人夜色香网站在线观看 | 欧美一级日韩一级 | 正在播放国产大学生情侣 | 国产乱码一区二区三区四 | 农村寡妇野外情一级毛片 | 日本a级片免费观看 | 国产一级毛片一区二区三区 | 男人添女人下面免费毛片 | 99国产在线视频 | 国产精品亚洲欧美云霸高清 | 手机看片日韩日韩国产在线看 | 中文字幕成人免费高清在线视频 | 91亚洲精品一区二区福利 | 高清在线精品一区二区 | 日韩a一级欧美一级在线播放 | 国产自精品在线 | 久草综合在线观看 | 中文字幕99在线精品视频免费看 | 又黄又湿又爽吸乳视频 | 国产精品吹潮在线播放 | 色青青草原桃花久久综合 | 午夜手机看片 | 在线观看aaa| 日韩免费在线 | 精品久久中文字幕有码 | 怡红院免费全部视频在线 | 二区在线观看 | 婷婷色综合久久五月亚洲 | 中文字幕成人网 | 国产日产久久高清欧美一区 | 一级视频在线观看 | 免费男女乱淫真视频播放 | 老妇激情毛片 | 成人国产在线观看 |