Home / Business Tools: Save | Print | E-mail | Most Read | Comment
Economist: China's move 'right step at the right time'
Adjust font size:  ZoomIn ZoomOut

China's recently announced economic stimulus package is "a right step at the right time," Mansoor Dailami, a senior economist at the World Bank, said on the eve of a Group of 20 (G20) summit on financial markets and the world economy.

"China showing the desire to coordinate in terms of stimulating the world economy at this very critical moment is something that should be noted," Dailami, manager of international finance of the World Bank's Development Prospects Group, told Xinhua in a recent interview.

The package "will be considered a right step at the right time, and hopefully, with the right outcome," said Dailami, a 22-year veteran at the World Bank.

Dailami, who is responsible for the monitoring and analysis of the whole spectrum of private and official flows to developing countries, is a well known expert on infrastructure development and finance, emerging bond markets and emerging corporate finance.

"Right step at right time"

"It was announced at the right time," Dailami said of China's 4-trillion-yuan (about 586 billion U.S. dollars) stimulus package, which was announced last Sunday, about one week before the G20 summit scheduled for Saturday in Washington.

"In terms of the magnitude obviously it is quite large," he said. "It comes up to close to 15 percent of the GDP this year, but it's going to spread over a number of years, until 2010."

Dailami said the size of the stimulus package as a whole is large enough to help restore confidence.

He said the latest round of financial crisis has dealt a major blow to official and private flows of capital to developing countries.

Private flows into emerging market economies, estimated at 1.1 trillion dollars in 2007, could drop to 800 billion dollars in 2008 and probably 600 billion dollars in 2009, the economist said.

"Sing in harmony, singing the right song"

Dailami, who earned his master's degree from the London School of Economics and his doctorate in economics from Harvard University, sees "promising and encouraging silver linings" emerging from the current financial crisis.

He said he was heartened by the degree that "the international community is singing in harmony, is singing the right song, and that they are taking every action possible."

"Every crisis has created other opportunities to them," Dailami said. "We need to make sure that every action is taken in a harmonious and coordinated manner, to make sure that the cycles turn upward."

He said the cycles will turn upward, "maybe not in the next year, but definitely by 2010."

Beginning of process

Dailami said the G20 summit on financial markets and the world economy is obviously the beginning of a process.

He expected that at the summit there will be some discussion in several areas in which different groups of countries are pushing to develop a program of action. "We should at the same time be very realistic," he added.

Dailami noted that the whole institutional framework of global financial markets and global economy under the Bretton Woods systems took a long time before being finalized in the 1940, with discussions starting in 1942 and arrangements sealed in July 1944.

(Xinhua News Agency November 15, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
Most Viewed >>
- A cold winter for laid-off toy factory workers
- China details 4 trillion yuan stimulus package
- US$132b investment for low-income housing
- Domestic airlines face action over unpaid fees
- China settles financial information dispute with EU, US, Canada
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: 波多野结衣视频网| 99久久人妻精品免费二区| 欧美激情xxxx性bbbb| 无翼乌邪恶工番口番邪恶| 四虎影视久久久免费| 55夜色66夜色国产精品视频| 无码喷水一区二区浪潮AV| 亚洲最大的视频网站| 国产精品1024永久免费视频| 女人被躁免费视频| 亚洲日韩国产欧美一区二区三区| 色噜噜狠狠狠狠色综合久一| 妞干网在线观看| 二代妖精免费看| 老师你的兔子好软水好多的车视频 | 欧美成人亚洲欧美成人| 国产成人手机高清在线观看网站| 日本高清护士xxxxx| 亚洲精品在线播放| 免费在线观看h片| 无码毛片视频一区二区本码| 亚洲最大的视频网站| 精品国产日韩亚洲一区在线| 国产日产成人免费视频在线观看| 丰满妇女强制高潮18XXXX| 短篇丝袜乱系列集合嘉嘉| 国产精品国语自产拍在线观看| 七月婷婷精品视频在线观看| 朝鲜女**又多又黑毛片全免播放| 国产av人人夜夜澡人人爽麻豆| 最新精品亚洲成a人在线观看| 日韩电影免费在线观看网站| 午夜爽爽爽男女污污污网站| 欧美日韩第三页| 成人夜色视频网站在线观看| 亚洲精品视频免费| 4hu四虎最新免费地址| 成人乱码一区二区三区AV| 亚洲av无码成人精品区狼人影院 | 国内精品久久久久影院一蜜桃 | 国产一级淫片a|