在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

Make me your Homepage
left corner left corner
China Daily Website

China has to brace for next dollar drama

Updated: 2013-10-21 10:03
( Agencies)
Deal or no deal, the US Congress' dance with default impressed policymakers and investors in China and Japan with just how vulnerable their own economic revival plans are to the next political tantrum on Capitol Hill.

The 11th-hour agreement on Wednesday between Congressional Republicans and Democrats to raise the limit on US government borrowing and end a 16-day government shutdown also averted a default on US Treasury bonds that had threatened the global economy and financial system.

But Congress gets another chance to hold US creditworthiness hostage early next year ahead of a new Feb 7 deadline to approve a debt ceiling increase.

"We're glad a deal has been struck," said a Japanese policymaker, who spoke on condition of anonymity. "But the uncertainty will remain and it will be the same thing all over again early next year."

He and other Japanese officials say they have already developed contingency plans that include flooding Japan's banking system with cash to keep markets functioning however panicked investors become. And analysts say China, whose leaders are due to hold a key policy meeting next month, may step up a push for global acceptance of its currency, the yuan or renminbi, as an alternative to the US dollar in international trade.

"They might actually consider accelerating the process," said Vincent Chan, head of equity research at Credit Suisse in Hong Kong. "You strengthen the case of making the renminbi a genuine international currency, because the Americans are unreliable."

Near-debt experience

Perhaps no two economies outside the United States have more at stake in Washington's recurring drama than Japan and China.

Not only are they the second- and third-largest economies, but they lend Washington more money than any other single nation. China held $1.28 trillion in US Treasury securities at the end of July and Japan owned $1.14 trillion. A default would likely have devastated the value of their holdings.

More than that, though, both nations have adopted policies to revitalise their own economies that to some extent rely on the improving economic appetite, stable currency and increasing indebtedness of the world's largest economy.

China is trying to deflate a dangerous credit bubble and wealth imbalances with a series of reforms that include slowly easing controls on moving money into and out of the country and allowing its currency to gently appreciate.

Previous Page 1 2 Next Page

 
8.03K
 
...
主站蜘蛛池模板: 国产欧美日本 | 日本不卡一区 | 99精彩视频| 午夜精品一区 | 日韩成人短视频 | 亚洲一区中文字幕永久在线 | 日日爱视频 | 中文亚洲 | 日本在线一区 | 亚洲国产一区二区三区, | 日韩精品一区二区三区中文字幕 | 亚洲日本午夜 | 精品中文字幕一区 | 国产欧美一区二区视频 | 断背山在线 | 国产suv精品一区二区33 | 日韩精品一区二区三区中文在线 | 成人特级毛片 | 爱爱视频免费 | 精品亚洲永久免费精品 | 亚洲免费黄色 | 伊人免费在线观看高清版 | 国产精品欧美一区二区三区不卡 | 日本不卡一区二区三区在线观看 | 欧美一区在线观看视频 | 日韩在线观看成人 | 久久综合一区二区 | 二区三区 | 欧美xxxⅹ性欧美大片 | 亚洲一区久久 | 91精品久久久久久综合五月天 | 精品毛片 | 亚洲一区二区三区视频 | 欧美激情伊人 | 午夜精品久久久久久久久 | 成人精品一区 | 狠狠夜夜 | 亚洲电影一区二区三区 | 91精品国产综合久久久久久丝袜 | 羞羞视频在线观看入口 | 精品日韩一区二区三区免费视频 |