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

Business / Macro

Crucial that G20 turns pledges into actions: Ex-IMF president

By Wang Yanfei in Hangzhou (chinadaily.com.cn) Updated: 2016-10-14 14:37

Crucial that G20 turns pledges into actions: Ex-IMF president

Former IMF chief and former president of the Federal Republic of Germany Horst K?hler speaks at the Zheshang-Caijing International Forum on Oct 14, 2016. [Photo/chinadaily.com.cn]

G20 members are expected to continue their efforts to implement structural reforms and "put words into actions" of proposals initiated during the G20 Summit, said former IMF president Horst K?hler.

Speaking at Zheshang-Caijing International Forum on Friday, he spoke highly of how G20 Summit this year highlighted the needs to enhance structural reforms when "a permanent stimulation of growth by means of an extremely loose monetary policy and public deficit-spending" does not constitute a healthy and sustainable economic policy.

K?hler made the comment one month after the G20 Summit, with China's taking the rotary presidency this year, was held in Hangzhou, Zhejiang province.

G20 leaders pledged to use all tools and to help promote effective macro-prudential policies, according to the communiqué released during the G20 Summit.

"It is crucial to turn pledges into actions," he said.

Old economic structures tried to defend themselves and ""gambled for resurrection" by going deeper into debt and credit, said K?hler.

It does not make sense to regard achieving economic growth as the sole target, while at the expense of losing resilience or healthy of the economy, and posing threats to environment and society, according to K?hler.

The IMF downgraded the global growth by 0.1 percentage point to 3.1 percent this year, highlighting the financial risks posed by rising debt issues.

While addressing China's efforts to implement structural reforms, K?hler said that China is taking the lead among emerging economies to implement economic transformation, and is on the track to towards a more sustainable development model.

"But more efforts are needed to be on guard to fend off risks brought by such concerns over financial risks," he said.

Corporate debt relative to GDP reached 156 percent by the end of June, according to the National Institute for Finance and Development, and a large proportion comes from profit-losing State-owned enterprises.

Hot Topics

Editor's Picks
...
昭苏县| 云和县| 新化县| 武定县| 深水埗区| 东乌珠穆沁旗| 城步| 固阳县| 娄烦县| 南投县| 富宁县| 黄冈市| 榆树市| 女性| 保山市| 永修县| 南投县| 察雅县| 齐河县| 南宫市| 盈江县| 菏泽市| 手机| 公安县| 民乐县| 即墨市| 渭源县| 桐庐县| 昌宁县| 富锦市| 北碚区| 阳曲县| 邵东县| 永靖县| 张家港市| 拉萨市| 五常市| 长垣县| 申扎县| 邯郸县| 平舆县|