男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / Economy

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.

 

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 交口县| 峡江县| 水城县| 青川县| 恭城| 英超| 洪雅县| 启东市| 额敏县| 西华县| 前郭尔| 青田县| 齐河县| 鄯善县| 通渭县| 阳高县| 江西省| 丽江市| 临猗县| 和龙市| 贵南县| 永修县| 荥经县| 通海县| 安塞县| 玛沁县| 来凤县| 三亚市| 施秉县| 名山县| 仙游县| 颍上县| 昌邑市| 株洲市| 韶山市| 邮箱| 北安市| 涞水县| 巍山| 江华| 景德镇市|