国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

BIZCHINA> American Reaction
US presses China for more financial reforms
(chinadaily.com.cn)
Updated: 2005-10-17 09:14
Top US and Chinese economic officials launched their annual talks in Beijing Sunday with Washington agitating for more sweeping changes to China's economy and financial markets.

Delegations led by Chinese Finance Minister Jin Renqing and US Treasury Secretary John Snow opened the talks after a meeting of Group of 20 nations outside Beijing, and were to wrap them up Monday in the capital city.

US presses China for more financial reforms
Chinese President Hu Jintao (R) shakes hands with U.S. Treasury Secretary John Snow during a meeting with leaders of the G20 Finance Minister and Central Bank Governors inside the Great Hall of the People in Beijing October 15, 2005. [Reuters]
The talks come towards the end of a week-long tour of China by Snow, who has been calling for China to get its newly prosperous consumers to save less and spend more.
Although US officials have acknowledged heated debate at the highest echelons of the Chinese elite as to how China should move its economy forward, Snow said of the financial reform drive: "It's real, it's happening."

Snow told reporters that both he and Federal Reserve chairman Alan Greenspan had shared the US experience of deregulation with the Chinese officials.

Similar reforms to China's currency, capital markets and the state-run sector will make the economy "more able to absorb the sort of shocks that inevitably come when you're a major player in the global economy", he said.

"I'm heartened that there is a genuine commitment, the many, many things that are going to preparing the way to getting China ready for more flexibility in its financial markets and in its currency, more market openings."

The United States has been evolving a new strategy for its financial dealings with China that puts less of an emphasis on thir dispute over yuan exchange rates.

Analysts said that the Treasury strategy appears in part an attempt to head off pressure in the US Congress for action against China over the currency question, and in part a recognition that a much bigger financial reform debate needs to be addressed.

Snow unveiled a list of US priorities for reform in China's financial sector that calls for far greater participation for foreign banks, insurers and brokerages in the tightly run domestic market.

The shopping list urges China to accelerate reforms of its currency trading regime, including the creation of a futures market; to speed up privatization of state-owned companies; and to set up an independent credit-rating agency.

Foreign banks, insurers and brokers should be allowed to open up multiple branches in China, and caps on foreign ownership of Chinese financial institutions should be scrapped.

In short, the US strategy would encourage Chinese consumers, who save nearly half of all their income, to become more like big-spending Americans fully armed for retail battle with credit cards and the array of consumer finance options.

China is racing to clean up its banking sector, bedevilled with bad loans after decades of easy credit, ahead of deregulation mandated by the World Trade Organization at the end of 2006.
(For more biz stories, please visit Industries)
左云县| 滦平县| 克什克腾旗| 平塘县| 洛川县| 甘德县| 金堂县| 宁津县| 余干县| 平谷区| 文昌市| 闸北区| 新和县| 鄄城县| 汾西县| 那坡县| 四子王旗| 安西县| 清流县| 巩留县| 商丘市| 东城区| 大冶市| 舟曲县| 昆山市| 上思县| 巴马| 嘉兴市| 布拖县| 天气| 武城县| 毕节市| 正定县| 宣城市| 云安县| 富蕴县| 达拉特旗| 新乡县| 花垣县| 略阳县| 台北市|