Make me your Homepage
    left corner left corner
    China Daily Website

    China's economy transforming but challenges remain

    Updated: 2013-10-10 18:48
    ( Xinhua)

    NEW YORK - China's economic growth is becoming more balanced but there are still some important issues to be addressed, according to a US expert.

    China's economy had grown at a tremendous pace and the current big challenge is to go from an unbalanced to a balanced economy, said Stephen Roach, a senior fellow at Yale University and former chief economist at Morgan Stanley Asia, at a New York Society of Security Analysts forum Wednesday.

    China also needs to open up the market to more active participation by foreign companies and address the issues, including transparency of corporate governance, and there was a lot pressure on the Chinese to do that, Roach said.

    "I'm hopeful that you'll see some moves to further open up their markets to outside investors and address some of these issues," he said.

    Roach said the central bank and central government were sending a strong signal that the leveraged credit-driven growth would change.

    China's growth rate slowed in the first quarter this year and the leadership was sending the message they were willing to accept slower growth without physical stimulus, the economist said.

    He also saw early signs of a shift, but he thought the new leadership is different in that they want to go deeper than just quantitative growth and really address quality of growth.

    However, James Chanos, president and managing partner at Kynikos Associates LP, told the event that shadow banking is a big risk in China and loans going to local funding vehicles are the most likely to suffer financial distress.

    He also warned China should be careful with the housing market's share of China's GDP.

    Chanos suggested China slow credit growth, but the problem is that every time that happens, the economy slows further, creating a "chicken and egg" problem, which makes the transition more difficult.

    8.03K
     
    ...
    ...
    ...
    亚洲av无码一区二区三区不卡 | 制服丝袜人妻中文字幕在线| 亚洲不卡无码av中文字幕| 精品无码综合一区| 免费无码中文字幕A级毛片| 日韩在线中文字幕制服丝袜| 最近免费中文字幕MV在线视频3| 免费无码一区二区三区| 精品亚洲成在人线AV无码| av区无码字幕中文色| 亚洲无码视频在线| 精品无码AV无码免费专区| 日韩精品无码免费专区午夜 | 中文无码一区二区不卡αv| 久久午夜无码鲁丝片| 亚洲VA中文字幕无码一二三区| 免费无码国产在线观国内自拍中文字幕| 无码人妻精品一区二区蜜桃百度 | 国产精品无码一区二区三区电影| 无码AV动漫精品一区二区免费| 免费中文字幕视频| 国产高清中文欧美| 最近2019年免费中文字幕高清| 亚洲va中文字幕无码久久| 亚洲综合最新无码专区| 久久精品无码专区免费| 国产成人无码a区在线视频| 无码人妻精品一区二区三18禁| 亚洲中文字幕无码一区| 人妻少妇AV无码一区二区| 国产品无码一区二区三区在线蜜桃| 欧美日韩中文国产va另类电影 | 亚洲AV无码专区国产乱码电影 | 一本色道无码道在线观看| 无码乱肉视频免费大全合集| 亚洲欧美精品综合中文字幕| 亚洲日韩欧美国产中文| 久久久久久国产精品无码下载| 亚洲中文字幕久久精品无码APP | 亚洲国产精品无码久久久蜜芽| 曰韩人妻无码一区二区三区综合部|