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

   

Action urged to safeguard global financial stability

(China Daily)
Updated: 2007-10-22 09:07

A senior Chinese official has urged the international community to analyze the root causes of the recent financial turmoil and make efforts to safeguard global financial stability.

"Activity in the major advanced economies slowed in the second quarter of 2007, posing significant downside risks to global growth," Wu Xiaoling, deputy governor of People's Bank of China, said on October 20 at the 16th meeting of the International Monetary and Financial Committee held in Washington.

Credit market woes in the United States may further dampen the housing market, suppress consumption and investment, and give rise to potential risks of recession with a spillover effect in other countries, she warned.

"It is all the more urgent a priority to strengthen surveillance of the important advanced economies to safeguard global financial stability and economic prosperity," said the Chinese official.

"This round of adjustment has not yet come to an end," Wu said. "Despite liquidity injection by the major central banks, credit conditions are unlikely to be restored within a short period of time."

She said it is also necessary to re-examine the role of financial innovation and the development of derivatives as well as associated risks.

As for the Chinese economy, Wu said a major task for the government is to prevent overheating.

"The government has taken measures to strengthen macroeconomic management, improve investment structure, increase fiscal expenditure in the social sector, boost domestic demand, and speed up reform in the financial sector," she said.

In a joint statement issued last Friday, finance officials from the world's seven richest nations also warned that the credit crisis will hurt economic growth.

"Strong global fundamentals and well-capitalized financial institutions provide a sound and resilient basis but uneven conditions are likely to persist for some time and will require close monitoring," they said.

The International Monetary Fund has warned the global economy will slow its continued expansion due to the recent financial turmoil trigged by the US subprime mortgage difficulties.

Among the major advanced economies, the projection for US growth in 2007 as a whole is unchanged at 1.9 percent, but has been lowered by 0.9 percentage point to 1.9 percent in 2008.

Xinhua


(For more biz stories, please visit Industry Updates)



沂源县| 光山县| 临邑县| 桂阳县| 夏邑县| 金湖县| 陈巴尔虎旗| 丰顺县| 连江县| 宜兰市| 马龙县| 商水县| 庐江县| 资讯 | 和林格尔县| 五台县| 芷江| 廉江市| 嵊州市| 英吉沙县| 内江市| 扶余县| 鲁甸县| 如皋市| 建水县| 颍上县| 黔西县| 巴林左旗| 贺州市| 文化| 福建省| 个旧市| 乌审旗| 铜鼓县| 增城市| 泾源县| 梅河口市| 临澧县| 渭南市| 怀仁县| 利津县|