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

Business / Economy

China's economic reform heading to right direction: US expert

(Xinhua) Updated: 2015-06-24 10:28

NEW YORK -- Ethan Harris, co-head of Global Economics Research at Bank of America Merrill Lynch, on Tuesday expressed optimism on the ongoing economic reforms in China, saying it's only a matter of time before the economic growth picks up again in China.

"China is dealing with the bad loan problems and poor allocation of capital, bringing more efficient markets into play, and they are also trying to deal with the corruption issues," Harris told Xinhua in an exclusive interview after the BofA Merrill Lynch 2015 mid-year press conference.

"All these things attempt to heal some underlying problems in the economy, which are very important," he said.

In his view, China is now at a more mature stage of development, which needs overall reforms to sustain its original strong-growth model.

"When you are in an early stage, you quickly adapt to the new technology and have high saving rates. Investment doesn't have to be that efficient to create high growth," Harris explained.

When entering a more developed phase, he noted, Chinese economy needs more effective investment. "You need to have a better allocation of capital, a better rule of law, and let the market come in more and dictate where capital flows."

He praised China's gradual opening up of external accounts in the capital market, saying it'll create an opportunity for Chinese companies to improve their governance and accounting, which is part of the general process to modernize the financial sector.

Talking about the recent slowdown of Chinese economic growth, Harris remains positive. "Chinese economy will pick up in the second half of the year as the government continues to apply stimulus," he predicted.

Hot Topics

Editor's Picks
...
娱乐| 北安市| 汉阴县| 玉田县| 崇义县| 延吉市| 金堂县| 永福县| 伊春市| 九江市| 上饶市| 汤阴县| 锡林浩特市| 基隆市| 秭归县| 儋州市| 墨竹工卡县| 思茅市| 东乌珠穆沁旗| 德安县| 岑巩县| 南溪县| 射洪县| 新竹县| 崇文区| 陕西省| 民县| 佛学| 古丈县| 南澳县| 田林县| 永清县| 屏东市| 叶城县| 邵阳市| 修水县| 沈丘县| 卓尼县| 崇礼县| 滨州市| 霞浦县|