Make me your Homepage
    left corner left corner
    China Daily Website

    US expert lauds progress in China's financial reform

    Updated: 2013-11-03 18:36
    ( Xinhua)

    NEW YORK - China has accomplished "extraordinary progress" in its financial reform in recent years, but more needs to be done, a US senior professional said here Saturday.

    "Obviously, China needs to focus on fiscal reforms with respect to the introduction of property tax," said Elaine La Roche, former chief executive officer of China International Capital Corp..

    Speaking at a forum themed "China's Financial Dream, Path to Capital Renaissance," she noted that fiscal reforms have been launched in one experimental zone and "that will likely be expanded."

    Another focus is financial liberalization, she said. "Obviously the liberalization of interest rates is a key, but that cannot happen until there is a nationwide depository insurance put into place."

    "All of these steps and building blocks take time, but, I think, are definitely on the horizon," she said.

    Talking about the upcoming third plenary session of the 18th Communist Party of China Central Committee, La Roche said it would be "a major watershed event" for China's economy.

    The world is waiting to see what reforms it would bring and how they would influence the Chinese economy, she said.

    La Roche said the session would arouse debate not only domestically but also abroad, "because we all want China in the long run to be extraordinarily successful and to be able to transit from a growth model that's based on exports and investment to one that is more domestic consumption-oriented."

    China's new leadership is "likely to initiate a number of pilot programs, which will also be China's experience when trying to look at other potential reforms, be it land reform, be it liberalization of interest rates, or the liberalization and establishment of free trade zones, such as that of Shanghai," she said.

    Moreover, La Roche said she thought "the real challenges are the necessity to restructure large state-owned enterprises, which will be much, much harder to do and take much longer time."

    However, "for the longer term, I'm still very optimistic," she said.

    La Roche, who first visited China in 1978, said she never bet against China.

    "I think we need to be a little more balanced and realistic," she said.

    8.03K
     
    ...
    Hot Topics
    ...
    ...
    中文无码字慕在线观看| 中文字字幕在线一本通| 激情欧美一区二区三区中文字幕| 一本无码中文字幕在线观| 人妻中文字系列无码专区| 国产AV无码专区亚洲AV男同| 中文字幕av无码专区第一页| 亚洲天堂中文资源| 亚洲精品无码你懂的网站| 精品无码国产一区二区三区51安| 免费无码又爽又刺激网站直播| 日本乱中文字幕系列| 毛片一区二区三区无码| 精品无码人妻夜人多侵犯18| 中文字幕乱码人妻无码久久| 再看日本中文字幕在线观看| 欧美日韩中文字幕2020| 亚洲综合中文字幕无线码| 国产精品VA在线观看无码不卡| 国产成人无码免费看视频软件 | 天堂…中文在线最新版在线| 久久伊人亚洲AV无码网站| 国产AV无码专区亚汌A√| 无码AV岛国片在线播放| 亚洲AV无码专区在线播放中文| 亚洲VA中文字幕无码毛片| 中文字幕无码精品亚洲资源网久久 | 久久久久亚洲AV无码网站| 西西午夜无码大胆啪啪国模| 久久久久亚洲AV无码观看| 免费一区二区无码东京热| 亚洲自偷自偷偷色无码中文 | 亚洲中文字幕无码一区二区三区| 中文字幕一区日韩在线视频| 无码爆乳护士让我爽| 中文字幕av高清有码| 四虎影视无码永久免费| av无码人妻一区二区三区牛牛| 国产色综合久久无码有码| 无套中出丰满人妻无码| 人妻丰满熟妇av无码区不卡|