男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

Op-Ed Contributors

Economy progressing on right path

By Sun Lijian (China Daily)
Updated: 2010-06-29 08:15
Large Medium Small

Therefore, I don't think China's local governments' infrastructure constructions are vanity projects. On the contrary, the investment environment created by the local governments is conducive to the rapid development of local enterprises. Taxes imposed on the enterprises, too, can bring benefits to the authorities. That's why it's too early to evaluate local authorities' performance now.

Third, bad loan is a dynamic subject. During the early days of the global financial crisis, US experts and the US government both assumed the scope of non-performing assets was controllable, and the damage caused by the subprime crisis would blow over soon. But then the market began to lose confidence in the financial system, compelling investors to withdraw their funds that led to a sharp drop in the market. The spiraling effect created more non-performing assets, which hit market confidence further and eventually created a vicious circle.

A new problem deserves to be dealt with action rather than blaming one factor or another and intensifying it. It is very important to stabilize the market in order to restore public confidence. Only in this way can we check the increase of non-performing assets, and overcome the problem with a good momentum of economic growth.

What China needs most now is economic growth, especially because the world economy is yet to recover fully. But at the same time, the authorities should reflect on their economic policies. If they move ahead ignoring or repeating their mistakes, they could end up undermining China's economic growth.

Local governments should not be blamed for investing in strengthening the social security system and promoting the development of small- and medium-sized enterprises because they do not thwart economic growth. Exaggerating the negative impacts will only create more market panic. The problems can be solved through faster economic growth but can worsen, too, if the market loses confidence. Fortunately, a lot of economists at home and aboard, including me, have faith in the future of the Chinese economy.

The author is deputy dean of the School of Economics and professor of finance, Fudan University.

(China Daily 06/29/2010 page9)

   Previous Page 1 2 Next Page  

主站蜘蛛池模板: 哈巴河县| 随州市| 韩城市| 界首市| 海兴县| 苏尼特左旗| 象山县| 隆德县| 双峰县| 镇雄县| 延寿县| 孝感市| 钦州市| 新丰县| 明溪县| 鄢陵县| 河北区| 怀来县| 平邑县| 商水县| 潞西市| 仙桃市| 康马县| 闻喜县| 德安县| 华池县| 怀来县| 鄂托克前旗| 通许县| 衡阳市| 隆安县| 阳谷县| 威海市| 冀州市| 长寿区| 烟台市| 芦山县| 金溪县| 司法| 镇安县| 寿光市| 千阳县| 吉木萨尔县| 樟树市| 谢通门县| 孙吴县| 苍南县| 浦北县| 南溪县| 眉山市| 城口县| 江川县| 南木林县| 仪征市| 安义县| 崇礼县| 铜鼓县| 延寿县| 景洪市| 屯留县| 郓城县| 教育| 台前县| 九龙坡区| 墨玉县| 沁源县| 长宁区| 麻城市| 涟水县| 额济纳旗| 庐江县| 怀宁县| 科技| 岑溪市| 安陆市| 沈阳市| 永昌县| 日照市| 称多县| 昌黎县| 闵行区| 合作市|