USEUROPEAFRICAASIA 中文雙語Fran?ais
    Home / World

    The need for a neutral monetary policy

    By Zhang Monan | China Daily | Updated: 2013-07-13 08:25

    In the coming years, China's government will have to confront significant challenges to achieve stable, inclusive and sustainable economic growth. Policymakers must act quickly to design and implement prudent, forward-looking fiscal and financial policies.

    The most significant medium- and long-term threat to China's fiscal position lies in the system of implicit guarantees that the central government has established for local government debt. In the wake of the global financial crisis, local governments borrowed heavily from banks to support China's massive stimulus program, accumulating 10.7 trillion yuan ($1.7 trillion) worth of debt by 2011.

    China's leaders hope to control potential risks stemming from local-government investment vehicles (LGIVs) by limiting bank lending. The balance of bank loans to LGIVs increased only slightly in 2012, to 9.3 trillion yuan from 9.1 trillion yuan in 2011. The China Banking Regulatory Commission has called on banks to retain last year's LGIV loan quotas for 2013, and to ensure that the overall balance of loans to LGIVs does not exceed the 2011 year-end total.

    The need for a neutral monetary policy

    Today's Top News

    Editor's picks

    Most Viewed

    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    免费在线中文日本| 无码国产乱人伦偷精品视频| 人妻无码第一区二区三区| 亚洲精品无码永久中文字幕| 人禽无码视频在线观看| 69堂人成无码免费视频果冻传媒| 中国少妇无码专区| 丰满少妇人妻无码| 亚洲av无码一区二区乱子伦as| 久久久久久久久久久久中文字幕 | 亚洲av中文无码乱人伦在线咪咕| 日韩欧精品无码视频无删节| 久久无码高潮喷水| 五月天中文字幕mv在线女婷婷五月| 午夜无码视频一区二区三区| 欧洲精品久久久av无码电影| 亚洲AV综合色区无码另类小说| 中文字幕av高清有码| 中文字幕欧美在线| 久久久久久久人妻无码中文字幕爆 | 91精品国产综合久久四虎久久无码一级 | 无码H肉动漫在线观看| 狠狠精品久久久无码中文字幕| 亚洲欧美中文日韩V在线观看 | 天堂а√在线地址中文在线| 日韩欧美一区二区不卡中文| 日本精品久久久久中文字幕8| 中文字幕无码日韩专区| 亚洲一区二区三区在线观看精品中文| 久久久无码精品亚洲日韩软件| 成年免费a级毛片免费看无码| 2024最新热播日韩无码| 国产亚洲?V无码?V男人的天堂| 精品久久久无码中文字幕| 久久亚洲精品无码播放| 日韩成人无码影院| 欧美日韩国产中文高清视频| 无码人妻黑人中文字幕| 日韩亚洲欧美中文高清| 亚洲国产人成中文幕一级二级| 69堂人成无码免费视频果冻传媒|