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

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / 2017 Boao Forum for Asia

Central bank official: Boost economy using fiscal policy

By Dai Tian and Li Xiang | China Daily | Updated: 2017-03-27 07:19

Central bank official: Boost economy using fiscal policy

Zhou Xiaochuan, China's central bank governor,?speaks at a plenary session of the Boao Forum?for Asia in Hainan province, Mar 25, 2017. [Photo/Feng Yongbin]

The cycle of global quantitative easing is coming to an end and policymakers should rely more on fiscal policy to stimulate growth, Zhou Xiaochuan, China's central bank governor, said on Sunday.

Zhou warned about the overreliance on monetary easing and said that policy is not "a panacea that can cure all kinds of illness".

"The direction is to see the limit (of monetary policy) and to consider very carefully how to get out of the period of monetary easing," Zhou said at a panel discussion at the Boao Forum for Asia.

In addition, governments should improve balance sheets and fiscal positions to create more room for fiscal policy, he said.

Quantitative easing is the practice of central banks pumping money into the economy through the purchase of assets, usually government bonds.

The central bank governor said China has the flexibility in fiscal policy, as the debt level of the central government is not very high, and added the country needs to streamline the relationship between the central and local governments to ensure fiscal policy fits the local conditions.

Zhou saw inflation and asset bubbles as the "unintended consequence" of the monetary easing.

At the forum, former prime minister of Pakistan Shaukat Aziz said emerging markets need to accelerate reforms.

Li Daokui, an economics professor at Tsinghua University in Beijing, also warned about high inflation in the long run after monetary easing globally. But he said the monetary policy should not be blamed for the rapid rise of housing prices in China.

"Don't rely on monetary policy to provide all the solutions and don't blame monetary policy for all the problems," Li said.

The central bank launched mortgage rules to cool the property market. Among them, raising the down payment requirement for buyers of a second home in Beijing to 60 percent of the price.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
通化市| 平邑县| 阿克苏市| 罗定市| 松潘县| 凯里市| 汉中市| 独山县| 巴南区| 新邵县| 霍山县| 土默特左旗| 宁乡县| 武平县| 朝阳市| 新晃| 雅江县| 潍坊市| 深泽县| 太白县| 义马市| 沙河市| 宣威市| 泗洪县| 太保市| 大埔县| 翼城县| 绵阳市| 鄂托克前旗| 陕西省| 北安市| 南川市| 井陉县| 金溪县| 日喀则市| 垦利县| 措勤县| 开鲁县| 攀枝花市| 凉城县| 开封市|