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

Opinion / Op-Ed Contributors

Putting the lid on inflation

By Zhang Xiaojing (China Daily) Updated: 2011-05-24 07:58

Since 2009, when different local governments began to raise their minimum wage standards, labor costs in parts of the country have increased by more than 20 percent, which, together with the rising prices of resources and growing distribution costs, has contributed to the recent price rises for domestic agricultural products.

China should regard stabilizing the current price level as its top priority this year. Besides necessary measures to increase and guarantee supply and distribution and to tighten market supervision, the country should also put in place a series of middle- and long-term policy strategies to defuse inflation pressures.

The Chinese government has lowered its gross domestic product (GDP) growth target to 8 percent for the year 2011 and to 7 percent on average for the 12th Five-Year Plan (2011-2015) period. The lower economic growth target demonstrates the high degree of attention the government is paying to better balancing the country's economic growth and inflation and to improving the quality and efficiency of its economic growth.

However, local governments are expected to have unprecedented enthusiasm for investment as a means of raising their political performance. This move, if not effectively curbed, will likely add to the nation's inflation pressures. Thus, China should take some pre-emptive measures to curb such an investment impulse in a bid to create favorable conditions for a soft landing of its economy.

Also the management of liquidity should be tightened to undercut the monetary factors behind the country's latest round of inflation pressures. China should further reduce its credit scale, which rocketed following its adoption of a series of large-scale stimulus packages aimed at easing the impact of the global financial crisis.

At the same time, effective measures should be taken to stop the continuous inflow of international hot money. As a move toward this end, the country should pay attention to imports and try to strike a balance in its international payments.

To acquire sustainable and rapid economic growth, China should also further deepen its pricing reforms and expedite the transformation of its long-controversial extensive development mode that is heavily dependent on simple investment expansion in a bid to form a market-based resources pricing mechanism.

Considering that price rises remain a long-term irreversible tendency, the government should refrain from excessive administrative intervention into the current management of inflation pressures, a move that could result in the distorting of prices and cause the market to fail to play its role.

The author is a researcher with the Institute of Economics under the Chinese Academy of Social Sciences.

(China Daily 05/24/2011 page8)

Previous Page 1 2 Next Page

New type of urbanization is in the details
...
北海市| 平陆县| 巴林左旗| 陇西县| 合水县| 万山特区| 阳春市| 奎屯市| 深圳市| 华阴市| 固安县| 太仆寺旗| 德兴市| 厦门市| 淮南市| 从江县| 浦城县| 开江县| 平遥县| 南开区| 湘潭县| 灌云县| 日喀则市| 敦化市| 方正县| 木里| 古蔺县| 梅河口市| 巩义市| 博客| 吐鲁番市| 保靖县| 临泽县| 镶黄旗| 神农架林区| 广南县| 赤城县| 彭州市| 苍南县| 民权县| 蓬安县|