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

Make me your Homepage
left corner left corner
China Daily Website

Stopping QE and deficits in emerging markets

Updated: 2013-07-19 17:31
By Zheng Yangpeng ( chinadaily.com.cn)

US quantitative easing and emerging markets' deficits are major external uncertainties for China's economy in the next half year, Vice-Finance Minister Zhu Guangyao said on Thursday.

"What if the US Federal Reserve stopped the current $85 billion bonds per month buying program? What is the impact on the US interest rate?" Zhu asked in a speech at the Global CFO Leadership Summit, which was co-hosted by Golden Finance, a finance training provider, and Shanghai University of Finance and Economics.

He said US quantitative easing is in effect lowering the interest rate to minus 2.5 percent. Even if the US exits the highly accommodative monetary policy, the de facto interest rate will still be zero.

"We should clearly recognize that even if the US exits quantitative easing and returns to the 'norm', the 'norm' would be an extremely low interest rate," he said.

The scaling back of US quantitative easing risked luring foreign capital back to the US, causing a capital exodus from China, analysts said.

The uncertainty of emerging market economies poses another risk for China's economy, he said.

"The International Monetary Fund has lowered its global growth forecast for this year to 3.3 percent. This is an important warning that global recovery and growth in the second half faces great challenges," he said.

"What is worth noting is that the IMF cited the difficulties in emerging markets, particularly the looming fiscal deficit and international balance of payments deficit in India and Brazil, and China's economic slowdown as major reasons for lowing the forecast," Zhu said.

This is the difference from last year when the IMF cited Europe and the US as major reasons for lowing growth forecast, he said.

 
8.03K
 
...
主站蜘蛛池模板: 宕昌县| 通许县| 兴宁市| 遵化市| 驻马店市| 宜阳县| 南木林县| 罗甸县| 闵行区| 合川市| 龙游县| 揭东县| 渭南市| 临泽县| 玉环县| 公主岭市| 安义县| 南部县| 会同县| 凭祥市| 防城港市| 大埔县| 浠水县| 泸州市| 涪陵区| 瑞昌市| 哈尔滨市| 乌鲁木齐市| 中方县| 景谷| 汶川县| 闵行区| 贡觉县| 潍坊市| 青龙| 灵山县| 龙泉市| 那曲县| 嘉荫县| 灵山县| 阿瓦提县|