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

Experts foresee reform of hukou, capital flow

Updated: 2013-11-09 09:13
( China Daily)

Experts foresee reform of hukou, capital flow

Editor's note:

The much anticipated policy meeting of the Communist Party of China - the Third Plenary Session of the 18th CPC Central Committee - is scheduled to open on Saturday. The meeting is expected to steer the country to an historic turning point by unveiling a package of measures to deepen reforms to achieve sustainable development. China Daily invited four experts in economics as well as social and political studies to share their insights and expectations of the meeting and China's future reforms.

Experts foresee reform of hukou, capital flow

What would be your most expected reform in China? Why?

Opening the capital account would be one of the most expected reforms. The main benefit is that it could lead to better returns for Chinese savers, which could then lead to higher consumption of higher savings.

It would also allow the renminbi to become an international currency, providing benefits to China because foreign central banks would want to hold the renminbi, which could increase the number of buyers for China's government debt and reduce the cost of debt issuance.

The final benefit would be to assist in growing the service sector, particularly in the finance industry. Shipping and insurance are also some of the factors that could grow faster.

Reform of State-owned enterprises is also largely expected, because that would help resolve industrial overcapacity.

In which areas do you think reform would be carried out at the upcoming Third Plenary Session of the 18th CPC Central Committee? And on what scale?

Experts foresee reform of hukou, capital flow

What could drive China's growth are serious policy reforms.

Interest rate and capital account reform are both happening now but slowly. There are also a series of other options such as reform of the hukou (household registration) system and reform of the services sector to allow it to grow like manufacturing has done. But the steps of reform are really small and not enough to get growth back.

The upturn in the third quarter eased worries about a crash due to bad data in previous months. Now it seems there will not be a crash but there will not be an upward cycle either. It's just temporary, partly driven by the stimulus and also recovery in Japan, the United States and Europe that drove up exports.

We see China's growth slowing over the next five years. But a lower gross domestic product doesn't necessarily mean bad news for China if it can enjoy more benefits from the growth via reform.

What would be the biggest challenges and risks in carrying out reforms?

Opening the capital account would probably cost capital flight from China and a fall in property prices.

The issue of a property price crash is definitely the biggest risk as it connects to the banks' loan sector.

Property assets are such a central part of the Chinese financial system, as well as people's savings and people's assets, so movement in the property market has a big impact on China.

Opening the capital account would also expose the currency to more volatility because, with more money coming in and out, it would be more difficult for the government to maintain a fixed exchange rate.

Previous Page 1 2 3 Next Page

 
8.03K
 
...
主站蜘蛛池模板: 玛多县| 台东县| 特克斯县| 黑山县| 布尔津县| 庆元县| 延寿县| 湖南省| 墨竹工卡县| 陆良县| 曲阳县| 中阳县| 红安县| 凤庆县| 隆林| 遂昌县| 淮南市| 唐河县| 云龙县| 明水县| 德州市| 永顺县| 永昌县| 昌图县| 高州市| 大新县| 富平县| 共和县| 神木县| 奉贤区| 惠水县| 吉木萨尔县| 安塞县| 澄江县| 健康| 晋江市| 东乡县| 新化县| 五河县| 河间市| SHOW|