Services

27 nov.: Orchestra Kazibao : PROJET D'OFFRE PUBLIQUE DE RACHAT D'ACTIONS (..
28 nov.: VIVALIS RECOIT LE PRIX DE LA RELATION ACTIONNAIRES
28/11/2012 03:51:00

China to Adopt Tight Fiscal Policy, Loose Monetary Policy in 2013 - Researcher

China is likely to adopt tight fiscal policy and loose monetary policy in 2013 as the new government may curtail government-led investments and be more tolerant of slower economic growth, a state researcher wrote in a commentary published in the state-run China Securities Journal Wednesday.

Government-led investments have monopolized bank credit and financing that the private sector needs and those kinds of investments should be contained if China wants to push ahead with reforms and develop new growth engines, Liu Yuhui, director of a financial-research unit at the Chinese Academy of Social Sciences, wrote.

If the new government, which will officially take power next year, adopts a tight fiscal policy, that would indicate it plans to cut spending and limit government-led investments, Mr. Liu said.

The shift in focus would also signal the government may accept slower economic growth, and it is likely to trim next year's gross domestic growth target to 7%, according to the researcher. Beijing this year targets GDP growth of 7.5%.

The new government may maintain a loose monetary policy to reduce the cost of financing for enterprises, which could also help sectors of the economy with high debt to better manage loans and stem systemic risks, Mr. Liu said.

He also predicted that the central bank may also need to lower interest rates to reduce the financial burden for local governments and cut banks' reserve requirement ratios to release more liquidity into the market.

The government is expected to hold an annual central economic work conference next month to set the GDP growth target for next year.

Newspaper website: http://www.cs.com.cn

Write to djnews.beijing@dowjones.com

(END) Dow Jones Newswires

November 27, 2012 21:51 ET (02:51 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

27 nov.: Orchestra Kazibao : PROJET D'OFFRE PUBLIQUE DE RACHAT D'ACTIONS (..
28 nov.: VIVALIS RECOIT LE PRIX DE LA RELATION ACTIONNAIRES

Envoyer un commentaire

Related debate

  • 1 semaine
  • 1 mois
  • 1 an
27 nov.
 
Hej alle sammen   Renten USA USA hæver renten d. 14. dec. med 0,25 %. Fed vil gerne have renten lidt..
59
02 déc.
ZEAL
For en gangs skyld og kun denne ene gang svarer jeg dig.   Jeg anser dine indlæg omkring Zealand græ..
37
28 nov.
ZEAL
Jeg kan altsaa umuligt tro at Goodwrench og Alpehue har succes paa at handle aktier.. Hvordan kan I ..
29
29 nov.
ZEAL
...når de investerer i mindre virksomheder og så vil ud hurtigt uanset at selskabet har fremgang og ..
21
27 nov.
BAVA
En måske lidt dramatisk overskrift, men jeg mener det for Bavarian Nordic, der kommer til at ske eks..
19
27 nov.
OMXC20
Sæt skatten 25% ned på de lavest lønnede. Disse folk vil bruge pengene med det samme, glade for at h..
18
02 déc.
ZEAL
Novo Nordisk og Zealand er nu med i den helt absolutte front i kombinations behandling af diabetes -..
17
29 nov.
 
Følgende artikel giver et godt indblik i at ledende danske politikere har større interesser i at mel..
16
30 nov.
FING-B
Jeg har tidligere været yderst kritisk indstillet til hvad Di.se med Richard Bråse har skrevet om FP..
15
13:44
ZEAL
I ugens løb kom det frem, at Svenska Handelsbanken havde sænket anbefalingen på Zealand og at Aktieu..
14

Actualité la plus lue

  • 24 heures
  • 48 heures
  • 1 semaine
1
MAUREL & PROM / PERTAMINA:COMMUNIQUE DE DEPOT D'UN PROJET D'OFFRE PUBLIQUE D'ACHAT
2
MAUREL & PROM / PERTAMINA : DEPOT D'UN PROJET DE NOTE EN REPONSE DE MAUREL & PROM DANS LE CADRE DU PROJET D'OFFRE PUBLIQUE D'ACHAT
3
Cnova N.V. : Convoque une Assemblée Générale Extraordinaire

Buy and sell signals

  • Tendance
  • Moneymachine
Acheter
Vendre
Acheter

Droit d'auteur Euroinvestor A/S 2016   Mentions légales et conditions d'utilisation
Information sur les cours fournies par Interactive Data.
Les données sont différées de 15 à 20 minutes selon les accords avec les différentes bourses internationales.
 
samedi 3 décembre 2016 20:43:25
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20161129.2 - EUROWEB6 - 2016-12-03 20:43:25 - 2016-12-03 20:43:25 - 4 - Website: OKAY