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
25 août
GEN
Stop nu det mobberi GW   Jeg elsker at følge den aktie, og det er så trist at du altid skal hævde di..
24
24 août
FING-B
Sig mig.. har du slet ingen skam i livet !!.. du stjæler ENDNU ENGANG et skriv fra en anden skribent..
22
29 août
FING-B
MENA - du kender vist godt den atomare størrelse af min respekt for dig og dine evige meningsløse sm..
19
26 août
FING-B
Når Nordea alene i deres analyse tager udgangspunkt i konkurrencesituationen flere år fremme i tiden..
18
23 août
BAVA
Bavarian Nordic har sammen med Crucell og div. myndigheder igangsat to interessante nye forsøg med M..
18
29 août
FING-B
 Fra i dag - https://play.borsen.dk/klip/57c2eeecd99b63192e1f27dc   Min kommentar. Børsklippet viser..
17
24 août
ZEAL
I Solothum uden for Bern i Svejts ligger en fabrik, hvor der er blevet investeret 50 mio CHF det sen..
17
29 août
ZEAL
EI debat er efterhånden et UTROLIGT sørgeligt foretagende... mudderkastning fra ende til anden... i ..
15
23 août
 
http://borsen.dk/nyheder/politik/artikel/1/330221/opgoerelse_viser_nye_milliarder_tabt_til_skattesvi..
15
25 août
ZEAL
Her kommer endnu et bud på, hvor Zealand skal hen efter en FDA godkendelse af iGlarlixi. Jeg siger k..
13

Actualité la plus lue

  • 24 heures
  • 48 heures
  • 1 semaine
1
Crédit Agricole Ille-et-Vilaine : Mise à disposition rapport semestriel au 30 juin 2016
2
SAVENCIA SA : BILAN SEMESTRIEL DU CONTRAT DE LIQUIDITE CONTRACTE AVEC LA SOCIETE ODDO & CIE
3
Burelle S.A. : droits de vote au 31 juillet 2016
4
RCI Banque : Mise à disposition du Rapport Financier Semestriel à fin juin 2016
5
EURO RessourcesCOMMUNIQUE INFORMATION REGLEMENTEE MISE A DISPOSITION DU RAPPORT FINANCIER SEMESTRIEL 2016

Buy and sell signals

  • Tendance
  • Moneymachine
Acheter
Vendre
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.
 
mardi 30 août 2016 11:03:33
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20160826.1 - EUROWEB3 - 2016-08-30 11:03:33 - 2016-08-30 11:03:33 - 4 - Website: OKAY