三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

US EUROPE AFRICA ASIA 中文
China / Government

Hopes voiced for next five years

(China Daily) Updated: 2016-02-29 07:35

Hopes voiced for next five years

Dan Steinbock, visiting fellow at the Shanghai Institutes for International Studies and founder of the Difference Group, a Shanghai-based think tank [Photo/China Daily]

A1 Ever since the global financial crisis of 2008-09, all major economies have agreed on the need for structural reforms. Yet it seems that only China is trying to execute such reforms. Today, the United States, Europe and Japan continue to accrue debt, and central banks remain stuck with zero-bound policy rates and/or quantitative easing. In contrast, China is engaged in structural transformation even while it's deleveraging. That's hard, but it is a long-term strategy that will pay off over time. For now, that strategy is missing in the major advanced economies.

A2 When President Xi Jinping and Premier Li Keqiang took over some four years ago, there was a sense that the Chinese government could focus on domestic economic issues.

However, the international environment has proved far too challenging to allow the government to focus on domestic issues only. In such a global landscape, there is a temptation-and occasionally "incentivized traps" by some advanced economies-to move resources to other areas, such as geopolitics and security policies.

And yet those large emerging economies that have done so have taken a severe economic hit. Nevertheless, the Chinese government has managed to focus on economic development as its first priority in domestic and international policies.

A3 Assuming a peaceful international and regional environment, China's real GDP growth should remain around 6.5 percent, while consumer inflation could climb to more than 2 percent. After challenging deleveraging, the economy might even enjoy a small reform dividend around 2018-20.

Meanwhile, Chinese living standards are likely to double in 2010-20. That's extraordinary in the harsh international setting in which living standards are stagnating or falling in many advanced economies.

A4 Today, the Chinese government's policies-especially the emphasis on economic development-h(huán)ave international consequences. A wonderful beginning has been the establishment of the Asian Infrastructure Investment Bank and the BRICS New Development Bank, the Belt and Road Initiative, and the efforts at a broader regional free trade agreement that would be about inclusive economic cooperation, not about exclusive geopolitics.

Internationally, these initiatives will benefit the regional neighborhood of South, Southeast and East Asia-and ultimately Central Asia, the Middle East, Eastern Europe, Africa, Latin America and beyond.

A5 When you studied economics, you wrote your PhD dissertation, On the Tri-Structure of China's Economy. In 1996, it won the prestigious Sun Yefang Economics Prize. Now, two decades have passed. When you look back, which economic problems have you found most challenging as China's premier? Where do you see government policies' greatest successes? Most intimately, how would you describe the China you would like to leave behind and what does it mean to you, personally?

Highlights
Hot Topics
...
主站蜘蛛池模板: 久久91在线| 亚洲综合网址 | 在线播放国产真实女同事 | 亚洲精品成人久久久影院 | 爱爱网网站免费观看 | 亚洲成本人网亚洲视频大全 | 久久久黄色大片 | 伊人蕉久中文字幕无码专区 | 日本一级特黄完整大片 | 一区二区免费在线观看 | 午夜一级黄色片 | 免费一级特黄特色大片在线观看看 | 网站在线免费观看 | 国产黄色视屏 | 国产亚洲高清不卡在线观看 | 国产素人在线观看 | 日本高清免费一本视频在线观看 | 国产中的精品一区的 | 久久国产精品久久国产片 | 97久久久久 | 777在线视频 | 国产亚洲美女精品久久久2020 | 亚洲精品人人 | 亚洲欧美中日韩中文字幕 | 日本黄大片影院一区二区 | 丁香六月婷婷在线 | 看一级特黄a大一片 | 爱爱小视频在线观看网站 | 福利一区二区在线观看 | 国产精品国产三级国产a | 九一视频污 | 军营里娇喘呻吟声乳 | 国产人成精品香港三级古代 | 精品一区二区三区视频在线观看 | 国产精品一级毛片不收费 | 土耳其毛片 | 欧美日韩三区 | 丁香天堂网 | 久久婷婷婷 | 桃色婷婷| 妞干网视频在线观看 |