1. Text: | Print|

      G20 debates effects of QE withdrawal

      2013-07-22 10:12 Global Times Web Editor: qindexing
      1

      The effects of a withdrawal from quantitative easing by developed economies, especially the US, dominated the meeting of G20 finance ministers in Moscow over the weekend, but Chinese officials and market watchers downplayed the potentially harmful effects on China's economy.

      "Emerging countries are very concerned about the predictability of (these policies), how it will all continue," Russian Finance Minister Anton Siluanov told Reuters Saturday on the sidelines of the G20 meeting, pointing to the spillover effects on developing countries from the lifting of quantitative easing.

      "The global market will sustain a negative impact should the US central bank fail to interact properly with other components of the market," China's Finance Minister Lou Jiwei said Saturday during the meeting, according to the Xinhua News Agency.

      "The US should take other countries' concerns into account," Lou said, noting that it would be hard to cease the policy completely in a short period of time.

      Global investors have been jittery since US Federal Reserve Chairman Ben Bernanke said the US would at some point cancel the policy of quantitative easing at a news conference in Washington on June 19.

      Bernanke has since moved to calm the market, and in a speech Wednesday at the House Financial Services Committee he said there would be no imminent exit from the policy.

      During the fifth China-US Strategic and Economic Dialogue in Washington earlier in July, Lou also said that China supported the US plans to exit quantitative easing, but urged the US to be mindful of the impact of the withdrawal on the global economy.

      The pace of the exit and investor expectations of potential negative effects could be more important than the timing of the withdrawal, Zhang Lei, a Beijing-based macroeconomic analyst with Minsheng Securities, told the Global Times Sunday.

      "The main concern is a reversal of capital flows away from emerging markets once the US winds down quantitative easing," he said.

      But Zhang downplayed the potential blow to China's economy.

      The nation's capital account has not been opened completely, he noted, and the government retains considerable control over capital flows in order to avoid risks.

      China has already prepared for an exit from quantitative easing by the US, Yi Gang, vice governor of China's central bank, said during the fifth China-US Strategic and Economic Dialogue. The nation has sufficient liquidity and relatively high levels of legal reserve requirements to cope with the spillover effects, Yi said.

      Echoing Zhang's views, Tang Jianwei, a senior macroeconomic analyst at Bank of Communications in Shanghai, told the Global Times Sunday that an exit from the policy would at most have some indirect influence on China's financial market.

      "The exit from quantitative easing actually signals a rebound in the US economy, a good indicator for the global economic recovery," Tang said, while noting that it may not be that much of a boost for China's exports, as the US manufacturing sector still lacks vigor.

      China's economic growth has been shown to depend increasingly on domestic demand rather than overseas demand, he noted.

      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: 亚洲精品国产日韩无码AV永久免费网 | 亚洲va国产va天堂va久久| 高潮毛片无遮挡高清免费| 成在线人永久免费视频播放| 亚洲人AV在线无码影院观看| 毛片免费观看网址| 亚洲一区免费视频| 成年人在线免费观看| 看亚洲a级一级毛片| 亚洲VA综合VA国产产VA中| 国产免费A∨在线播放| 国产成人精品日本亚洲| 69av免费观看| 日韩亚洲产在线观看| 四只虎免费永久观看| 国产视频精品免费视频| 亚洲av无码一区二区三区乱子伦 | 亚洲AV日韩综合一区尤物| 99精品全国免费观看视频| 亚洲精华国产精华精华液网站| 国产免费观看黄AV片| 一区二区三区免费在线观看| 亚洲AV综合色一区二区三区| 免费成人激情视频| 国产天堂亚洲国产碰碰| 亚洲精品你懂的在线观看 | 日韩免费观看一区| 2020年亚洲天天爽天天噜| 又大又黄又粗又爽的免费视频 | 中文字幕免费高清视频| 456亚洲人成影院在线观| 亚洲不卡无码av中文字幕| 大地资源在线资源免费观看 | 成人免费一区二区三区| 亚洲酒色1314狠狠做| 日本一道高清不卡免费| a毛片免费观看完整| 亚洲性线免费观看视频成熟| 亚洲国产一区二区视频网站| 99在线视频免费| 深夜a级毛片免费视频|