综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

   

Economic structure needs adjustment

By Sun Lijian (China Daily)
Updated: 2006-12-21 11:27

In fact, many countries taking part in such economic co-operation have become large trading partners with China. A slump in China's trade would pose a direct threat to the economic growth of these countries, which means China, as a trading power, would have an ever-growing influence on the world economy.

But this position poses severe challenges for China in its current stage.

The trade surplus several years in a row has brought China the world's largest reserve of foreign exchange. But the shock to the economy from the oversupply of currency with high circulation could not be cushioned by the country's financial arrangements, the most important of which are the currency exchange and interest rate systems.

So the policies issued one after the other by the central bank to improve the economic situation can never be really independent or effective.

The lack of development of China's financial services can be reflected in several areas.

First, the country's financial resources are mainly controlled by the banking sector because China only has a fledgling capital market. To make things worse, banks depend heavily on enterprises for profits while these businesses usually enjoy preferential policies on their bank loan interest rates.

Under the inflexible exchange and interest rate systems, banks only see increasing deposits from their clients, which become growing debts for them.

Given the limits on the interest rate, banks can only try to seek more profitable loans like mortgages, or personal loans for individuals with inadequate credit records, thus the risk is obviously elevated to a dangerous level.

Meanwhile, there is not an efficient mechanism to re-allocate financial resources across society.

Seeing the ever-widening gap between the rich and the poor as well as the yet to be developed social security system, consumers could not help worrying about their medical care, pension funds, education and even unemployment in the future. They would think it a wise choice to refrain from spending and put their income into banks.

As long as these concerns remain, bank deposits will continue to expand even after the economic growth is translated into a substantial increase in individual disposable income.

Other factors for sound development of the financial sector include an environment for financial investment and public awareness on this point.
 123  

(For more biz stories, please visit Industry Updates)



Related Stories  
闽侯县| 双流县| 方城县| 兴化市| 宁强县| 永仁县| 波密县| 河源市| 依安县| 吉木萨尔县| 耒阳市| 乌海市| 新蔡县| 土默特右旗| 木兰县| 泰和县| 博湖县| 太湖县| 特克斯县| 新民市| 神池县| 铜梁县| 阳泉市| 会泽县| 荔波县| 长武县| 大港区| 灵台县| 淮滨县| 克什克腾旗| 竹山县| 克什克腾旗| 永清县| 金溪县| 雷波县| 彩票| 丹巴县| 安阳县| 二连浩特市| 任丘市| 沙雅县|