日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

 

High savings rate may trigger overheating: central bank governor

0 CommentsPrint E-mail Xinhua, May 20, 2011
Adjust font size:

China's high savings rate may lead to increased investment, which could in turn trigger economic overheating or asset bubbles, said Zhou Xiaochuan, governor of the People's Bank of China, the country's central bank, at a forum on Friday.

Zhou called for caution against "cyclical issues" brought by the high savings rate while delivering a speech at the Lujiazui Forum in Shanghai, an annual gathering of top Chinese financial officials and economists.

The Chinese government needs to shift to a prudential regulatory framework "as early as possible" to strike a balance between supporting economic growth and taming inflation amid rising consumer prices, he said.

There are still uncertainties in the global economy, but unlike developed countries, China now requires more prudent macroeconomic policies, as the country has taken the lead in recovering from the global financial crisis, said Zhou.

To implement a prudential macroeconomic regulatory framework, China should work to enhance financial stability, which may require financial institutions to have stronger capital bases, he said.

The Chinese government is also "cautiously" and "gradually" promoting the use of yuan in cross-border financial transactions, in addition to using the currency in cross-border trade and investment activities, Zhou added.

"The growing use of yuan in cross-border activities will require the currency to become fully convertible in a gradual and orderly way," he said.

The Lujiazui Forum, which is being held from May 19 to 21, has attracted top regulators, bankers and economists from both home and abroad to discuss financial and macroeconomic policy-making issues.

This year's forum is focusing on the theme of "financial systems and macro-management in a new era."

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 丰台区| 南华县| 晋宁县| 石城县| 永春县| 平罗县| 庆阳市| 晋中市| 安义县| 上蔡县| 温宿县| 藁城市| 盱眙县| 云霄县| 阿城市| 天长市| 汉川市| 贵港市| 宜阳县| 塔河县| 白银市| 赞皇县| 长葛市| 石狮市| 卓尼县| 平乐县| 乌鲁木齐县| 梅河口市| 白玉县| 诏安县| 建阳市| 始兴县| 洞口县| 福清市| 闵行区| 武平县| 高雄市| 兴业县| 凉城县| 南澳县| 新巴尔虎右旗|