28 nov.: UPDATE: South Korea October Current-Account Surplus Narrows; Beat..
28 nov.: RBNZ Governor, Deputy Governor Quash Quantitative Easing Talk
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.

28 nov.: UPDATE: South Korea October Current-Account Surplus Narrows; Beat..
28 nov.: RBNZ Governor, Deputy Governor Quash Quantitative Easing Talk

Envoyer un commentaire

Related debate

  • 1 semaine
  • 1 mois
  • 1 an
18 oct.
OMXC20
Data herunder er lavet på C20 Cap og C20 vægtet til at passe til C20 Cap i 2010 og 2011.   Siden den..
66
16 oct.
 
Jeg skriver lige det her indlæg fordi det er 5. gang som investor jeg oplever en af de her lidt stør..
56
16 oct.
 
Kære Alle   Jeg takker Jer alle for en god tid her, jeg erkender at have tabt, selvom jeg holdt mig ..
36
17 oct.
VWS
Normal 0 21 false false false DA X-NONE X-NONE ..
28
17 oct.
I:SP500
  Hvorfor aktiemarkedet ikke er blevet for dyrt   I mit indlæg vedr. aktie- og vækstkrise beskrev je..
21
16 oct.
I:SP500
  @bgadk – enig i, at en moderat inflationær politik der holder deflations-spøgelset nede, er præcis..
20
20 oct.
VELO
Match, så har jeg set lidt på mine handler og depoter.   Må begynde med at konkludere, at mit handel..
17
20 oct.
VELO
Tvivler på at du får ret. Aktieanalytikerne siger allerede før godkendelsen en KORTSIGTET kurs på 2..
17
16 oct.
OMXC20
Med reference til mit indlæg af 10.07.2014 emne nummer 280903   Dengang i juli var der uro på marked..
16
21 oct.
VWS
Hvis du var en ludo brik var du så ikke slået hjem nu ???
14

Actualité la plus lue

  • 24 heures
  • 48 heures
  • 1 semaine
1
Alcatel-Lucent Submarine Networks signe un accord pour l'acquisition d'Optoplan, l'une des entreprises les plus innovantes dans le domaine des études sismiques utilisant la technologie optique
2
Client d'Atos, l'Assurance Retraite, gagne le Silver SAP Quality Award France 2014, dans la catégorie « Business Transformation »
3
Michelin : Information financière au 30 septembre 2014
4
Sogeti annonce le lancement de OneShare : Solution de management des environnements de développement d'applications et de tests sur Microsoft Azure
5
Orange : Le Conseil d'Administration d'Orange a décidé de coopter Mouna Sepehri comme nouvelle administratrice
Euroinvestor dans le monde entier: Euroinvestor.dk | Euroinvestor.se | Euroinvestor.no | Euroinvestor.com | Forexinvestor.com| Wisselkoersen.nl | Valuta.se | Valutaveksel.no | Divisas.es | Valute.it
Droit d'auteur Euroinvestor A/S 2014   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.
 
jeudi 23 octobre 2014 05:45:42
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20141015.1 - EUROWEB5 - 2014-10-23 05:45:42 - 2014-10-23 05:45:42 - 4 - Website: OKAY