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

US EUROPE AFRICA ASIA 中文
Business / Economy

Cautious approach can eliminate currency risks

By Jiang Xueqing (China Daily) Updated: 2015-06-23 08:26

A leading finance expert has warned China about the risks of turning the yuan into a global currency while pursuing the Belt and Road Initiative.

Song Min, a respected finance professor and director of the Center for China Financial Research at the University of Hong Kong, told China Daily at the week-end of the pitfalls associated with the policy.

"It is fine to take the Belt and Road Initiative as a grand, long-term strategy, but we should be cautious and guard against impetuosity," Song said on the sidelines of China Wealth Forum in Qingdao, Shandong province.

The Silk Road Economic Belt and the 21st Century Maritime Silk Road initiatives were proposed by President Xi Jinping during a visit to Kazakhstan in 2013.

Song recommended a cautious approach for the globalization of yuan. "China should find out which countries are worth investing in, rather than promoting the globalization of yuan for the sake of it," he said.

Song pointed out that the Belt and Road Initiative was very complex, involving politics, economics, history, culture and religion. He said China cannot simply copy its domestic policy when doing business in more than 60 other countries.

"Infrastructure construction is one of China's strengths, but the experience it acquired in this field is based on its national system." Song said. "In China, land is State-owned, local governments are very powerful, and the financial system is controlled by the State.

"Under this model, we achieved huge success in building infrastructure, such as high-speed railways. But it doesn't mean this model will also succeed in other countries."

Song called for "multi-country cooperation" to implement the initiative, and extensive dialogue with the countries along the Belt and Road Initiative routes.

"We should adopt the model of multi-country cooperation and the Asian Infrastructure Investment Bank is a good example," Song said.

"With other countries joining the Belt and Road Initiative, the process of investment will slow down because the relevant countries will not start a project unless they reach a consensus.

"Adopting this kind of diversified model will prevent us from making rash investment decisions for political reasons," he added.

Song also advised the government to open the Silk Road Fund to other countries and private companies.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲免费福利视频 | 九九九视频 | 综合色在线 | 免费在线观看毛片 | 欧美日韩亚洲国产 | 国产精品五区 | 久久久久黄色 | 青草导航 | 中文字幕在线免费观看 | 国产成人福利 | 日韩av免费播放 | 黄色综合网 | 天天操综合| 中文字幕国产一区 | 国产永久精品 | 在线看片a | 精品免费视频 | 中文字幕亚洲一区 | 午夜久久久久久久 | 亚洲国产日韩欧美 | 91亚洲成人 | 日韩av手机在线观看 | 欧美国产日韩一区二区 | 国产一级片在线播放 | 日韩 欧美| 网站av| 日本xxxx69| 三级网站在线播放 | 久久av网| 狠狠操夜夜操 | 国产成人tv | 激情五月婷婷综合 | 欧美一级二级三级 | 最近日本中文字幕 | 欧美黄色一级视频 | 自由成熟xxxx色视频 | 日本毛片视频 | www亚洲| 91精品免费视频 | 欧美黄色网 | 日本不卡免费 |