Four Conditions Cited as Key to China's Economic Recovery
09-08 19:23 Caijing
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Full article in Chinese: http://www.caijing.com.cn/2009-09-08/110242594.html
» Li Yang, vice president of Chinese Academy of Social Sciences, said at a Sept. 8 financial and real estate forum hosted by Caijing that the monetary policy should reflect the economic trend and fine-tuning is expected.
» Li argued that a complete recovery of China's economy was predicated on four conditions: the elimination of overcapacity, the full revival of both private capital and foreign direct investment and the efficient use of social investment.
» He added that some profitable programs are limited to low-efficiency state owned enterprises and private and foreign enterprises are kept out.
» Bank loans rather than stock issuance, which impose heavy debt burden on them when their investment is experiencing a massive increase, are the path for raising funds by Chinese enterprises.
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[ICP License: 090027] IDC License:[B2-20040250] Advertising Business License:[京海工商广字第0407号] 京公网安备110105005607号
Copyright by Caijing. All Rights Reserved