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

Improved financial governance called for

Updated: 2011-11-05 08:21

By Chen Jia (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

BEIJING - The G20 should agree on a plan to improve the governance of international financing and to reform the world's regulation system, analysts said.

The eurozone's debt troubles are endangering its banking system and European governments are having trouble gathering together the money they need to prevent a Greek default, said Wei Min, a senior economist with the China Institute of International Studies, the think tank for China's Ministry of Foreign Affairs. "Once the banks' capital chain breaks down, another financial catastrophe will be inevitable."

Wei said that the Cannes G20 Summit is an opportunity to make progress in establishing a mechanism that can be used to prevent the debt troubles from infecting the banking system.

"It's urgent to make reforms to European economic governance and it will require cooperation from both developed and emerging countries," Wei said.

China, home to three of the five biggest banks in the world measured by market capitalization, should participate more in the world regulation system, he said.

A more effective International Monetary Fund (IMF) surveillance mechanism - especially for the financial industry and fiscal, monetary and exchange-rate policies - should be further discussed after the Cannes summit to help improve international cooperation on financial supervision and the world recovery, analysts said.

Zhang Tao, director of the international department of the People's Bank of China, said that Chinese authorities respect recent IMF reforms and look forward to the institution issuing more regulations to further diversify and stabilize the international monetary system.

Many economists have blamed unregulated or poorly regulated financial activities as being among the main causes of the global financial crisis as well as the eurozone's ongoing debt troubles.

Nicolas Veron, a senior fellow at the Brussels-based think tank Bruegel, said now is the time to shift some regulatory power away from Western countries and give it to emerging economies, such as China.

Related Stories

IMF to get financial boost 2011-11-05 08:20
Financial system needs to serve SMEs 2011-10-25 10:44
More financial tightening 2011-07-08 07:49
Heed the IMF warning 2011-09-22 11:31
临沂市| 雅江县| 海阳市| 巫溪县| 湘潭市| 杭锦旗| 玉树县| 福清市| 东兰县| 金阳县| 肥乡县| 漳平市| 溧水县| 当涂县| 漯河市| 密山市| 平山县| 昌宁县| 喜德县| 寿宁县| 页游| 阜平县| 南充市| 平湖市| 绥德县| 浦城县| 稻城县| 启东市| 宁陕县| 霸州市| 东阳市| 太和县| 仙游县| 灌南县| 黑龙江省| 岳池县| 永泰县| 奎屯市| 东平县| 区。| 宝应县|