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

G20 London Summit > Commentary

China's proposal on int'l monetary system constructive

(Xinhua)
Updated: 2009-04-02 10:39

NEW YORK -- A senior US scholar on international economics said Wednesday that China's proposal on international monetary system reform is constructive.

"I thought that the statement from China's Central Bank governor (Zhou Xiaochuan) was impeccable in terms of logic and in terms of its historical analysis. It's a very welcome contribution to the debate," Benn Steil, director of international economics at Council on Foreign Relations, a US think-tank, told Xinhua in an interview.

In his article of "Reform the International Monetary System," which was released at China's central bank website on March 23, Zhou Xiaochuan suggested a super-sovereign reserve currency after reviewing the inherent vulnerabilities and systemic risks in the existing international monetary system.

"I think that its analysis of the problem is a spot-on, absolutely impeccable in terms of his historical analysis and his logic. I think it does put, rightfully, pressure on the US authorities to start thinking through these issues much more seriously," said Steil.

Special coverage:
G20 Financial Summit

Related readings:
China's proposal on int'l monetary system constructiveEconomists: China goes to G20 summit with reform proposal
China's proposal on int'l monetary system constructiveRussia, China hold similar positions on financial reform
China's proposal on int'l monetary system constructiveIMF 'needs reform' to raise more funds
China's proposal on int'l monetary system constructiveTop banker proposes setting new global reserve currency
China's proposal on int'l monetary system constructiveCall for global currency wins int'l backing

"Reforming an international monetary system is a very long term process. Governor Zhou is very right that the system we're living under now with one national fiat currency, being effectively the international reserve and trade vehicle for the whole world is historically unusual. The problem is that we're in uncharted territory in terms of where to go from here," he added.

Considering the re-establishment of a new and widely accepted reserve currency may take a long time, Zhou called in his article for a greater role of Special Drawing Rights (SDRs), which was created by the International Monetary Fund (IMF) in 1969.

"The specific of his proposal, however, I think have many of the problems that we see in the current system. But the very fact that we can now begin to talk about this internationally and that China is contributing constructively to the debate, not just criticizing the US authorities but proposing positive alternatives is a very welcome thing," he added.

"British Prime Minister Gordon Brown had referred to the November G20 summit, in the run-up to the meeting as a Bretton Woods II. And it seems that the Chinese are the only ones who are now taking him seriously. They are the only ones who have raised a fundamental issue about the sustainability of the international monetary system. Their timing is not coincidental," the director pointed out.

"If you haven't yet read the statement of the Central Bank governor Zhou on the international monetary system, I highly  recommend it. It's extremely brief. But it's remarkable for a Chinese government statement," Steil said.

 
Photo Gallery
 

 

主站蜘蛛池模板: 99九九99九九九视频精品 | 欧美多人三级级视频播放 | japanese日本舒服丰满 | 一级一级一片在线观看 | 免费一级视频在线播放 | 国产黄色自拍视频 | 欧美专区一区二区三区 | 亚洲网站一区 | 99久久精品国产自免费 | 亚洲精品一区二区三区不卡 | 国产一级毛片免 | 欧美成人性做爰网站免费 | 亚洲国产成人久久笫一页 | 国产呦精品系列在线 | 久久依人 | 精品国产不卡一区二区三区 | 欧美性另类69xxxx极品 | 精品成人在线视频 | 在线国产毛片 | 国产成人福利免费观看 | 日韩在线一区二区三区 | 末满18以下勿进色禁网站 | 99久久精品费精品国产一区二 | 免费成年网站 | 日韩欧美一级毛片精品6 | 特级无码a级毛片特黄 | 国产日韩三级 | 手机看片1024精品日韩 | 成人a影片在线观看 | 国产美女在线精品观看 | 久久久久欧美国产精品 | 国产乱色在线观看 | 成人免费影视网站 | 超薄肉色丝袜精品足j福利 超级乱淫视频aⅴ播放视频 | 午夜dj视频完整社区 | 久久视频这里只精品3国产 久久视频这里只有精品 | 国产欧美一区二区三区免费看 | 国产亚洲精品一品区99热 | 久久免费高清视频 | 久久精品中文字幕一区 | 亚洲免费视频一区二区三区 |