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)



永德县| 呈贡县| 巨野县| 论坛| 宿迁市| 漯河市| 英德市| 罗源县| 保定市| 麻栗坡县| 南丹县| 连云港市| 库车县| 五指山市| 勃利县| 乐东| 中卫市| 千阳县| 广昌县| 门源| 河南省| 张北县| 平定县| 重庆市| 江西省| 崇信县| 吴江市| 海丰县| 津南区| 内黄县| 秦安县| 嫩江县| 佛坪县| 凉城县| 鲁山县| 彭州市| 嘉义县| 柳林县| 赣州市| 开远市| 马鞍山市|