皇冠体育app

  Home>News Center>皇冠体育app
       
 

Economists: Zhu Rongji's pro-active policy once more
(AFP)
Updated: 2005-08-29 07:04

SHANGHAI- While 皇冠体育app has spent two years battling to rein in its runaway economy, senior economists and government advisers now warn the economic powerhouse needs fiscal spending if it is to avoid a looming slowdown, AFP reported.

Economists: Zhu Rongji's pro-active policy once more
A construction worker walks high on top of scaffolding at a construction site in Beijing, 17 August 2005. [AFP] 
Despite impressive headline numbers, there are big underlying problems which need to be confronted, they say.

They echo calls to relax 皇冠体育app's fiscal stance, dust off the policies of former premier Zhu Rongji and start issuing a greater number of treasury bonds to finance public works, helping to mitigate what they say is a dangerously slowing economy.

Cooling import growth, worryingly low inflation and shrinking industrial profits all suggest the expansion which began in earnest three years ago is under threat said He Fan, a researcher with the Chinese Academy of Social Sciences (CASS) and adviser to the government on economic matters.

"If there was only one of these three signals, we should hesitate to say the economy is slowing down but all three are happening together so we are quite confident in saying that there is a danger of a slowdown," He said.

Yet first half gross domestic product data and July indicators clearly underlined there was little real statistical evidence of a slowdown. The debate about economic stimulus, it seems, remains just that.

The headline numbers continue to shine and the government has revealed little about future policy direction, preferring to stick to its mantra of pursuing "a prudent fiscal and monetary policy".

   上一页 1 2 3 下一页  



Fire kills 5 in Northeast 皇冠体育app
Aerobatics show in Hunan
Final rehearsal
  Today's Top News     Top 皇冠体育app News
 

Australia, US, Japan praise 皇冠体育app for Asia engagement

 

   
 

Banker: 皇冠体育app doing its best on flexible yuan

 

   
 

Hopes high for oil pipeline deal

 

   
 

Possibilities of bird flu outbreaks reduced

 

   
 

Milosevic buried after emotional farewell

 

   
 

皇冠体育app considers trade contracts in India

 

   
  EU likely to impose tax on imports of Chinese shoes
   
  Bankers confident about future growth
   
  Curtain to be raised on Year of Russia
   
  Coal output set to reach record high of 2.5b tons
   
  WTO: 皇冠体育app should reconsider currency plan
   
  皇冠体育app: Military buildup 'transparent'
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
皇冠体育app too reliant on exports
   
皇冠体育app too reliant on export -economists
   
Trade row will not harm HK industry
   
Olympics drives Beijing's economic growth
   
皇冠体育app's macroeconomy safely slowing: Morgan Chase
   
Time to put economy housing in order
   
Will the Chinese economy cool off?
   
Will the Chinese economy cool off?
Advertisement