Economists: Further stimulus moves are not required

0 CommentsPrint E-mail China Daily, September 8, 2010
Adjust font size:

Though the United States and Japan have come out with new stimulus plans to revive the economy and deal with joblessness, China does not need to follow suit with such measures, economists said on Tuesday.

The US on Monday unveiled fresh plans to spend $50 billion for construction of roads, railway lines and airport runways over the next six years to bolster its flagging economy.

But the proposal may face rough weather in the US Congress due to disagreements over extra government spending.

The move comes one week after Japanese Prime Minister Naoto Kan announced a new $10.9 billion economic stimulus package to prop up the ailing economy, giving fresh signs that the global economic recovery is still shaky and a second dip may occur.

That has triggered speculation that China might need to launch more stimulus measures to safeguard itself from the possible downside risks. However, economists said given the strong growth momentum, new stimulus moves are unnecessary despite the slowdown due to the recent tightening measures.

"If the new stimulus in the US can help avoid a second dip, it is good news for China. But the economic scenario in the two countries are quite different," said Jia Kang, head of the research institute for fiscal science under the Ministry of Finance.

China's manufacturing activity rebounded in August with the purchasing managers index rising to 51.7 percent after falling for three consecutive months, easing fears of a major correction in the economy.

In the US, the unemployment rate rose to 9.6 percent in August, foreshadowing a tough road ahead.

"The Chinese economy is growing very well. I don't think China needs to take any short-term additional stimulus measures," Michael Boskin, senior fellow at Hoover Institution, Stanford University, told China Daily.

Boskin took a pessimistic view over the new US stimulus plan. "The $50 billion spending is quite modest in a $14 trillion economy," he said. "There is too much risk that it has been politicized, as the Democrats and the administration are under severe pressure ahead of the mid term congressional election."

Due to the limited scale of the stimulus plan, economists said it is unlikely to give a major fillip to China's exports. "The cement industry could benefit from US infrastructure plan, but there is hardly any impact on other sectors," Zhu Baoliang, deputy director of the State Information Center's economic forecasting department said.

Pascal Lamy, director-general of the World Trade Organization, said if the public procurement is done in accordance with the WTO rules, nations like China stand to gain.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 久久人人爽爽爽人久久久| 国产网站在线看| 亚洲欧美视频网站| 精品国产免费人成网站| 国产精品久久一区二区三区| 东北壮汉gayxxxvideo| 日本护士激情xxxx| 五月婷婷激情网| 激情综合丝袜美女一区二区| 又大又硬又黄的免费视频| 这里是九九伊人| 国产高清不卡一区二区| www.天天射.com| 日本欧美一区二区三区在线播放| 亚洲av无码一区二区三区鸳鸯影院 | 人人妻人人澡人人爽超污| 香蕉视频国产在线观看| 国产精品第九页| 一级毛片人与动免费观看 | 再一深点灬舒服灬太大了视频| 色综合小说天天综合网| 国产精品免费无遮挡无码永久视频| 99久久无色码中文字幕人妻| 日本不卡一二三| 久久精品国1国二国三| 最新国产小视频在线播放| 亚洲精品美女在线观看| 美女网站在线观看视频免费的| 国产日产欧美精品| 97精品国产一区二区三区| 成人免费公开视频| 久久精品这里热有精品| 欧美激情一区二区三区| 午夜两性色视频免费网站| 香港一级毛片免费看| 国产大屁股喷水视频在线观看| 国产一区二区三区夜色| 国产馆手机在线观看| 99rv精品视频在线播放| 国邦征服雪婷第二篇| 99在线精品视频在线观看|