1. Text: | Print|

      US expert lauds progress in China's financial reform

      2013-11-04 08:03 Xinhua Web Editor: qindexing
      1

      China has accomplished "extraordinary progress" in its financial reform in recent years, but more needs to be done, a U.S. senior professional said Saturday.

      "Obviously, China needs to focus on fiscal reforms with respect to the introduction of property tax," said Elaine La Roche, former chief executive officer of China International Capital Corp..

      Speaking at a forum themed "China's Financial Dream, Path to Capital Renaissance," she noted that fiscal reforms have been launched in one experimental zone and "that will likely be expanded."

      Another focus is financial liberalization, she said. "Obviously the liberalization of interest rates is a key, but that cannot happen until there is a nationwide depository insurance put into place."

      "All of these steps and building blocks take time, but, I think, are definitely on the horizon," she said.

      Talking about the upcoming third plenary session of the 18th Communist Party of China Central Committee, La Roche said it would be "a major watershed event" for China's economy.

      The world is waiting to see what reforms it would bring and how they would influence the Chinese economy, she said.

      La Roche said the session would arouse debate not only domestically but also abroad, "because we all want China in the long run to be extraordinarily successful and to be able to transit from a growth model that's based on exports and investment to one that is more domestic consumption-oriented."

      China's new leadership is "likely to initiate a number of pilot programs, which will also be China's experience when trying to look at other potential reforms, be it land reform, be it liberalization of interest rates, or the liberalization and establishment of free trade zones, such as that of Shanghai," she said.

      Moreover, La Roche said she thought "the real challenges are the necessity to restructure large state-owned enterprises, which will be much, much harder to do and take much longer time."

      However, "for the longer term, I'm still very optimistic," she said.

      La Roche, who first visited China in 1978, said she never bet against China.

      "I think we need to be a little more balanced and realistic," she said.

      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: 天天爽亚洲中文字幕| 男人的天堂网免费网站| 三上悠亚亚洲一区高清| 久久精品无码专区免费青青| 亚洲人xxx日本人18| 亚洲国模精品一区| 亚洲毛片免费视频| 美女露100%胸无遮挡免费观看| 久久精品国产亚洲麻豆| 性生交片免费无码看人| 好吊色永久免费视频大全| 亚洲精品一区二区三区四区乱码| 国产成人免费高清在线观看| 免费福利在线视频| 久久久久亚洲国产AV麻豆| 久久久久亚洲av无码专区| 全部免费国产潢色一级| 57pao国产成视频免费播放 | 亚洲综合久久1区2区3区| 四虎影视永久免费视频观看| 午夜老司机永久免费看片| 国产成人亚洲午夜电影| 亚洲自偷自拍另类图片二区| 亚洲熟伦熟女新五十路熟妇| a毛片基地免费全部视频| 99久久99这里只有免费的精品| 亚洲日韩国产欧美一区二区三区| 精品亚洲综合久久中文字幕| 在线日韩av永久免费观看| 免费无码一区二区三区| 国产成人无码精品久久久久免费| 在线观看亚洲AV日韩AV| 亚洲视频2020| 亚洲中文字幕不卡无码| 国产乱子伦精品免费无码专区| 日本免费一区二区在线观看| 永久免费av无码网站yy| 一边摸一边桶一边脱免费视频 | 在线观看免费人成视频| 久久国产精品免费专区| 中文字幕成人免费高清在线 |