Financial reforms should continue
By Feng Jianmin |
June 28, 2013, Friday
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Print Edition
Print Edition
CHINA'S economic growth may face double pressure of the authorities' plan to curb credit expansion and a possible tightening of US monetary policies, and the government should continue to strengthen financial reforms, experts said at the Lujiazui Forum.
China needs to beef up the reforms including liberalizing interest rates before opening up the capital market to provide a stronger buffer against a possible financial turmoil, the experts said yesterday.
"In this sense China should speed up economic restructuring, enhance prudent inspection, and promote interest rate and exchange rate reforms," said Ji Zhihong, head of the research bureau of the People's Bank of China.
China needs to beef up the reforms including liberalizing interest rates before opening up the capital market to provide a stronger buffer against a possible financial turmoil, the experts said yesterday.
"In this sense China should speed up economic restructuring, enhance prudent inspection, and promote interest rate and exchange rate reforms," said Ji Zhihong, head of the research bureau of the People's Bank of China.
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