| In 2008, the anti-financial crisis the task of all countries in the world, China's economy has entered a 30-year reform and opening up to the most critical period of rest and transition. In 2009, China's ability to shake off the shadow of what the world economic crisis? Shanghai New Year's Financial Forum in 2009, foreign scholars agree on China's economic confidence, and that China is the right policy measures, China can take the lead out of the crisis.
The crisis can not be transferred
Former Vice Mayor of the City of London, Shanghai Jiao Tong University Antai School of Management EMBA Professor Luo Siyi warned that the crisis we face today is the worst since the 1929 financial crisis, the last century the crisis of 70 years and the technology bubble burst can not be compared It is definitely not periodic, nor is the nature of the crisis in the transfer of small, but a fundamental and very serious financial crisis.
Wharton professor Frank Green Allen also said the crisis will not end quickly, because many decision-making is based on the price of imbalance, and the correct price take some time.
Luo Siyi forecast, the United States, the optimistic view, the crisis will end after 3 years, pessimistic, then 10 years. It depends on the policy, the United States over the past 10 years, a rational economic policy too.
China has an absolute advantage
However, Luo Siyi confidence in the Chinese economy, he said: "I think the most pessimistic view is that 3 years out of the crisis, the optimistic two years, these two figures are very similar. This is because China's economic problems more easily than the U.S. overcome. "
Frank Green Allen believes that the crisis has had an impact on the real economy. China's real economy dependent on exports, the United States, Europe, Japan, when declining demand, exports to China have a great impact. While exports may continue to deteriorate, but the Chinese economy China's net exports accounted for only 8% -9%, relatively speaking, small.
Frank Green Allen believes that the crisis has had an impact on the real economy. China's real economy dependent on exports, the United States, Europe, Japan, when declining demand, exports to China have a great impact. While exports may continue to deteriorate, but the Chinese economy China's net exports accounted for only 8% -9%, relatively speaking, small.
Frank Green Allen stressed that the Chinese have the advantage of government finance, China has 2 trillion of foreign exchange reserves. It's like a big bank in time of economic downturn can use the money. And the government does not require payment of a large number of government debt can be achieved. In the financial crisis, the United States and Britain a huge increase in government debt.
Need to speed up economic restructuring
Frank Green Allen not only that China has great advantages, but also to take the right measures. He said: "The Chinese government is now moving from export-led economy to a domestic demand-led economic changes, this is an important change. I think that the measures being taken by the Chinese Government is correct, because these policies are financially prudent, but and more focus on domestic demand to promote economic growth. "
He believes that China can not do investment slowdown, because of China's financial sector was fairly stable. He said: "The investment is very important for China is concerned, China is relatively strong currency. Consequences yes China can not Huidao cheap export model. This is why China must maintain a large-scale investment in the strategic level for the job because China In the case of a higher exchange rate to compete, we must face the higher demand, not only selling products, but also sell the brand, so China should increase investment in research and development. " |
