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
20 oct.
VWS
Der er for tiden en del debat omkring øget prispres på vindmøllemarkedet - bl.a. som følge af at Sie..
73
20 oct.
PNDORA
  Jeg har gentagne gange analyseret Pandora. Læsere, som ønsker min analyse af Pandoras forretningsm..
58
18 oct.
EI
Til direktionen.     Se så at få fyret den uduelige person, som I har ansat som moderator. Vedkommen..
43
18 oct.
NOVO-B
The FDA's Endocrinologic and Metabolic Drugs Advisory Committee votes 16 - 0 in favor of approval fo..
21
18 oct.
EI
Og til Moderator:     Du UNDERSTÅR dig i at fjerne dette indlæg uden at have forelagt det direktione..
17
20 oct.
TEVA
Jeg deler spekulationerne omkring Kåres tiltrædelse dvs. den dårlige nyhedsstrøm er snart slut. Min ..
14
18 oct.
PNDORA
Markedsværdi = DKK 64 milliarder   Pandora ejer 2,30 % af aktierne (som vi må antage ikke kommer i o..
14
16 oct.
OMXC25
Jeg har fuldstændig mistet enhver form for respekt for EU.   EU er i den grad blevet til en taberfor..
14
20 oct.
PNDORA
lugte af noget personligt mod alfinvest, vil jeg nu tillade mig at drage tvivl, både ved hans hensig..
13
20 oct.
PNDORA
Vanvittigt godt formuleret Peter. Det er næsten som at tage på universitetet og studere grønlandsk a..
13

Actualité la plus lue

  • 24 heures
  • 48 heures
  • 1 semaine

Buy and sell signals

  • Tendance
  • Moneymachine
Vendre
Vendre
Vendre
Vendre
Vendre

Droit d'auteur Euroinvestor A/S 2017   Mentions légales et conditions d'utilisation
Information sur les cours fournies par Morningstar.
Les données sont différées de 15 à 20 minutes selon les accords avec les différentes bourses internationales.
 
dimanche 22 octobre 2017 00:51:19
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20171020.1 - EUROWEB3 - 2017-10-22 00:51:19 - 2017-10-22 00:51:19 - 4 - Website: OKAY