1. Text: | Print|

      China capable of handling impact of US QE exit

      2013-06-26 08:00 Xinhua Web Editor: qindexing
      1

      A recent rise in China's inter-bank lending rates triggered concerns that the country may face a credit crunch, and such worries have aggravated after the rates surged to record highs following remarks by U.S. Fed Chairman Ben Bernanke on the possible exit of quantitative easing (QE).

      Despite the jitters, China is well-equipped to avert risks that may arise from U.S. moves to taper monetary stimulus, as possible outflow of capital will have limited impact on China.

      With ample measures at hand to defuse scare over what appeared to be strained liquidity in recent weeks, the People's Bank of China chose not to ease the credit line. The response is believed to be aimed at re-directing funds away from speculative trading to the real economy.

      The ongoing global financial crisis has profoundly changed the external environment of the Chinese economy. If a lesson should be learnt from the current financial crisis, it is to attach a leash to money supply. Allowing excessive liquidity in the financial sector instead of in real economy will result in financial disasters sooner or later.

      As observed by many economists, China saw significant growth in bank loans in the first five months this year. However, the real economy did not seem to have benefited from this credit boom.

      Such a background better explains why China's central bank did not extend a helping hand to commercial lenders, which allegedly concentrated large sums of resources on speculative investment.

      In addition to showing the government's determination to contain financial risks, the central bank's refusal to inject cash also signals that Chinese policy-makers are ready to face short-term pains such as market turbulence and economic slowdown while working to craft a more sustainable growth structure.

      There is no doubt that the possible exit of quantitative easing will continue to weigh on benchmark indexes in many countries and influence global capital flow.

      But China, with its sound economic fundamentals and relatively better insulation from global financial turmoils than many other emerging economies, is expected to consolidate its financial risk management ability and to make full use of financial tools to promote a shift of economic model.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 视频一区在线免费观看| 亚洲高清有码中文字| 亚洲天堂免费在线视频| 亚洲片国产一区一级在线观看| 精品久久亚洲一级α| 日韩精品成人亚洲专区| 粉色视频成年免费人15次| 免费va在线观看| 成人久久久观看免费毛片| 国产偷窥女洗浴在线观看亚洲| 国产精品99爱免费视频| 亚洲色爱图小说专区| 国产免费一区二区视频| 久久久久亚洲av无码专区导航| 97免费人妻在线视频| 亚洲人成777在线播放| 午夜私人影院免费体验区| 久久精品国产亚洲AV未满十八| 亚洲Av无码乱码在线播放| 91视频免费网站| 亚洲精品国产免费| 成人免费视频一区| 男女猛烈激情xx00免费视频| 日本亚洲成高清一区二区三区| 四虎影视在线影院在线观看免费视频| 亚洲黄色一级毛片| 日韩高清在线高清免费| 精品国产呦系列在线观看免费| 亚洲国产人成网站在线电影动漫| 波多野结衣中文字幕免费视频| 亚洲妇女无套内射精| 久久久久亚洲精品中文字幕| 日韩精品内射视频免费观看| 亚洲精品久久无码av片俺去也| 激情综合色五月丁香六月亚洲| 久久午夜羞羞影院免费观看| 亚洲精华国产精华精华液网站| 亚洲女初尝黑人巨高清| AV免费网址在线观看| 国色精品va在线观看免费视频| 亚洲宅男精品一区在线观看|